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Tether CEO: Does not take a stance on the stablecoin yield bill, Tether does not share profits
Foresight News reports that The Block journalist Yogita Khatri wrote that when asked whether the reports that Tether and banks are on the same page regarding stablecoin yields are accurate, Tether CEO Paolo Ardoino responded, “We do not take a position on this matter. Tether does not share yields. So we have no stance in this debate.”
Foresight News previously reported that, according to Brogan Law, Tether’s US operations met with US senators and their staff to express support for the current Market Structure Bill, which has no objections to the ban on stablecoin yields.