USDT and DeFi to lead blockchain charge

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Updated September 21, 2022 | Published July 14, 2020

2 mins read

According to Chief Technology Officer (CTO) of Bitfinex and Tether, Paolo Ardoino, who spoke to Cointelegraph, the Ethereum blockchain will play a crucial role in the development of digital asset ecosystems in the years to come.

According to Ardoino, the recent surge in DeFi can translate into more financial products and projects that do not rely on a central authority. Meanwhile, USDT has been the fastest growing stablecoin in DeFi, and this gives Ardoino and his colleagues high hopes for the future of the ecosystem.

However, he mentioned the fact that USDT continued to generate a lot of gas on Ethereum, leading to traffic and worsening the general health of the ecosystem.

Despite the slowdown in the network due to the high gas amount, many community members and experts are ready for the next step, hoping to see the arrival of Ethereum 2.0, while USDT has been slowly making its way in the igaming community.

It's believed that the launch of Ethereum 2.0 will give a huge boost to the gaming community. The launch of the network would most likely bolster unique Ethereum tokens, such as FUN, and also boost transaction speeds, giving players a greater incentive to join trusted and established casinos such as Bitcasino.

Alex

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.

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