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Tether is unaffected by Signature Bank’s closure

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On March 13, Tether Chief Technology Officer Paolo Ardoino tweeted that Tether had no exposure to Signature Bank. According to the previous news, Signature Bank

Tether is unaffected by Signature Banks closure

On March 13, Tether Chief Technology Officer Paolo Ardoino tweeted that Tether had no exposure to Signature Bank. According to the previous news, Signature Bank was closed by New York State regulators on Sunday. The Federal Reserve, the FDIC and the US Treasury issued a joint statement saying that all savers who use Signature will be compensated.

Tether CTO: Tether has no exposure to Signature Bank

Analysis based on this information:


The closure of Signature Bank by New York State regulators on Sunday has left many in the financial industry concerned about the safety of their investments. However, Tether’s Chief Technology Officer, Paolo Ardoino, has taken to Twitter to assure Tether’s investors that the company has no exposure to Signature Bank.

This message is significant, as investors have been concerned about the safety of their investments in Tether. The cryptocurrency has been the subject of numerous controversies, including allegations that it is not fully backed by US dollars. The closure of Signature Bank has only added to these concerns.

However, Ardoino’s message is clear: Tether is unaffected by the closure of Signature Bank. This should provide Tether investors with some peace of mind, as they know that their investments remain secure.

In addition to Ardoino’s message, the joint statement issued by the Federal Reserve, the FDIC, and the US Treasury also provides some assurance to savers who used Signature Bank. The statement promises that all savers will be compensated, which should help to mitigate the damage caused by the bank’s closure.

Overall, this message shows that Tether is taking steps to reassure its investors that their investments are safe. While the closure of Signature Bank has caused concern in the financial industry, Tether’s message suggests that the cryptocurrency is not affected by the closure.

Title: Tether reassures investors after Signature Bank closure

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