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CEO Paolo Ardoino of the largest stablecoin (USDT) issuer company, Tether, has revealed the next “unparalleled growth opportunity” in web3.

In a recent X post, he called the ongoing growth in the development of stablecoin related infrastructure as the unprecedented growth opportunity” with the current total market cap of stablecoin market surpassing $234 billion.

His comments came in as the Stablecoins focused and Bitcoin built blockchain, Plasma, announced its latest partnership with Curve Finance. Plasma announced Curve as its next major ecosystem partner after recently collaborating with Ethena too.

Notably, Plasma is building itself as the stablecoin-purposed blockchain, aimed at overcoming the existing difficulties with Ethereum and Tron.

Unparalleled growth opportunity https://t.co/fbTfTBIr6h

— Paolo Ardoino (@paoloardoino) April 17, 2025

Paolo Ardoino Backing And Plasma-Curve Partnership

Calling Stablecoins as the “trillion-dollar opportunity”, Plasma has partnered with Curve to enable stablecoin swaps for traders via its ecosystem.

It has also decided to integrate Curve’s stablecoin, crvUSD, on its blockchain from Day 1. Curve Finance is renowned for its efficient, low‑slippage stablecoin and wrapped‑token liquidity pools.

It has over $10 billion in total value locked (TVL) across Ethereum, Arbitrum, and other chains – highlighting a substantial share of global stablecoin trading volume.

As part of the partnership, Plasma will deploy Curve’s automated market‑maker (AMM) to inject deep liquidity directly into Plasma’s zero‑fee rails.

Curve and Plasma are deeply aligned in our focus on efficient design, deep liquidity, and stablecoin-native infrastructure.

This partnership enables tight swaps for traders and top-tier yields for LPs, reinforcing Plasma as the best network for stablecoins.

— Plasma (@PlasmaFDN) April 21, 2025

Notably, Curve’s StableSwap AMM is a purpose-built automated market maker (AMM) designed specifically for efficient stablecoin trading. StableSwap optimizes for minimal slippage and lower fees when trading tokens of similar value, such as USDT, USDC, and DAI. This is unlike general-purpose AMMs like Uniswap, which use constant product formulas.

Thus, Curve’s AMM enable users to swap USDT and other stable assets with minimal cost and maximal capital efficiency.

Stablecoins as the “trillion dollar opportunity”

Tether CEO Paulo Ardoino is hinting at the evolving opportunities in the stablecoin development and related infrastructure. Recently, his firm, Tether invested in Fizen as well – to Expand Stablecoin Adoption and Self-Custody Solutions.

With many stablecoin-focused projects coming up, major players such as Trump’s WLFI, Ripple, Polygon, are also tapping at the unlocked potential of Stablecoins.

And now the ongoing development of Bitcoin-based stablecoin blockchain, Plasma, with backing from Paolo Ardoino himself can provide further boost to this. It can also boost the dominance of Tether’s USDt as the competition in the stablecoin market continues to heat up at an unprecedented pace.

Notably, CEO Paolo Ardoino made his first association with Plasma in public limelight after participating in its $24 million funding in February this year. Plasma is also backed by Framework Ventures and crypto exchange Bitfinex.

Its specific features such as zero gas fees for USDT transfers unlike Ethereum and TRON’s expensive fees along with ultra-low latency, seems promising. It also doesn’t requires users to have native token to use Stablecoins – allowing users to pay in BTC or USDT.

Thus, as Plasma eyes its beta launch soon, the collaboration and integration with new partners with Paolo Ardoino backing, it seems to have plans of becoming a major leader in the industry.

The post Tether CEO Paolo Ardoino Hails ‘Unparalleled Growth Opportunity’ As Plasma-Curve Partner appeared first on CoinGape.

The post Pi Network Faces Growing Criticism as Delays, Price Dips, and Frustrations Mount appeared first on Coinpedia Fintech News

Pi Network is facing growing criticism from its community and developers. The coin that saw massive hype is now turning out to be a nightmare for investors and traders who rooted for the success of the project. The main issue lies in the long delays in approving “Know Your Business” (KYB) applications, which are required for projects to officially build on the Pi mainnet. This has left many developers feeling stuck, and some are now turning to other blockchains to keep things moving. 

PiDaoSwap Shifts to Binance Chain

One of the latest examples is PiDaoSwap, a decentralized exchange that had been waiting over two weeks for KYB approval from the PiCoreTeam (PCT). Tired of waiting, the team decided to launch their NFT project on Binance Smart Chain (BSC) instead. They described the delay as “agonizing” and said they didn’t want to sit idle while waiting for approval.

PiDaoSwap clarified that they still want to build on the Pi Network, but until they get the green light from the PCT, they’re choosing to move forward on BSC as a temporary step. This decision also highlights a bigger concern as Binance continues to ignore Pi Network in its “Vote to List” campaigns, instead focusing on more active BSC projects.

Community Voices Speak Out

Moreover, the PiCoreTeam is catching serious heat from well-known figures in the community. Dr Altcoin, a prominent community member, didn’t hold back. He said PiDaoSwap’s experience isn’t unique; other centralized exchanges (CEXs) are also waiting on KYB approvals. According to him, these delays are preventing Pi Coin from being listed on major platforms like Bybit.

He also accused the PCT of not being transparent about important token mechanics like locking and burning, which could be further holding back listings and partnerships.

Pi Coin Price Dips, But Interest Remains

As a result of all this uncertainty, Pi Coin’s price has crashed another 20% in just 24 hours and slipped to $0.44, now out of the top 30 crypto rankings. Investor confidence has collapsed, with many fearing a further 60% drop to $0.10. Despite a few positive developments, the overall sentiment around Pi Coin has turned sharply bearish, and hopes for a recovery are fading fast.

Hopes of seeing the token reach $1 have taken a hit. Still, the community believes things could turn around if the PiCoreTeam can speed up approvals and land a big exchange listing. Interestingly, despite the backlash, the PCT is still moving ahead with its domain auction, reporting over 200,000 bids, a sign that enthusiasm for Pi is still alive, even if tensions are rising.

The post Pi Network Faces Growing Criticism as Delays, Price Dips, and Frustrations Mount appeared first on Coinpedia Fintech News
Pi Network is facing growing criticism from its community and developers. The coin that saw massive hype is now turning out to be a nightmare for investors and traders who rooted for the success of the project. The main issue lies in the long delays in approving “Know Your Business” (KYB) applications, which are required …