Bitfinex CTO Stated Investors Trust On Tether That’s Why Investing

Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • Recently, a $10 million equity investment has been made by the popular cryptocurrency Tether in a crypto lending platform Celsius Network  (CEL).
  • Looking at the status of Tether, Ardoino finds the market as the best judge.
  • Earlier this month, Celsius Network revealed that an equity funding round of approximately $15 million has to be promoted by BnkToTheFuture.

Recently, a $10 million equity investment made by the popular cryptocurrency Tether. In a crypto lending platform Celsius Network  (CEL).  Commenting on the investment, the Bitfinex CTO, Paolo Ardoino, stated that investors are investing in Tether as they find trust in it.

Tether invested in Celsius Network

According to reports, equity investment made by Tether (USDT) in a crypto lending platform Celsius Network (CEL) at a $120 million pre-money valuation. With the post-money valuation to $150 million. However, the organization has brought $30 million up in its first equity round. In 2018, Celsius finished a $50 million ICO.

Looking at the status of Tether, Bitfinex CTO, Ardoino finds the market as the best judge. Since all the claims filed against the organization, USDT’s market capitalization has expanded ninefold.

He added, previously, it was $1 billion, and at present, it is $9 billion. According to him, If there were any concerns about not trusting Tether, investors would not be investing. As indicated by him, if there were any worry of not trusting in Tether, investors would not be investing.

Celsius exceeded $1 billion cryptocurrency

Earlier this month, Celsius Network revealed that an equity funding round of approximately $15 million to be promoted by BnkToTheFuture. However, it is said that this offering is for both US and non-Us investors.

Recently, the platform has surpassed $1 billion cryptocurrencies since its launch. Celsius claims it tends to find out the monetary needs of the present consumers worldwide through a democratized interest income and lending platform available through a mobile application.

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