Paolo Ardoino called it a ‘masterpiece’ but didn’t offer many details.
Tether’s CEO Paolo Ardoino teased the company’s new tokenization platform over the weekend, touting some features but maintaining most details under wraps.
“Tether’s tokenization platform will soon be available to everyone,” Ardoino wrote on Sunday. “A masterpiece. Fully non custodial. Multi chain. Multi asset type. Super customizable.”
According to Ardoino, the platform will allow firms and protocols to tokenize anything from bonds and stocks to coffee shop rewards. “A whitelabel of our tech that supports USDT, a 107+B asset,” he added.
Ultimately, it appears Tether wants to corner more than the stablecoin market, and has set its eyes on Real World Assets (RWAs), and other forms of tokenization. The platform will allow for users to retain complete custody over their tokenized assets, have full flexibility between blockchain ecosystems, and tailor their digital assets according to their needs all under one roof.
Stablecoins are cryptocurrencies that maintain a stable value, usually pegged to a fiat currency. Tether´s USDT trades at par with the US Dollar and is the overwhelming leader in the sector, commanding 77% of the $157 billion stablecoin market cap.
These types of assets have been touted more than once as the killer app for cryptocurrencies, having found a place for investors from all corners and sectors of the economy. In places with hyperinflated currencies, such as Argentina, stablecoins such as USDT have found a home, becoming a cornerstone of the burgeoning digital economy; meanwhile, large firms are now experimenting with stablecoin-compliant tools.