Amid ongoing lawsuits surrounding controversial stablecoin Tether (USDT), the visitor's CTO plans to detail the asset's groundwork at an upcoming conference.

Bitfinex and Tether CTO Paolo Ardoino is slated to recount "the story of Tether'due south inception and success" in a keynote speech communication at the CryptoCompare Digital Asset Height in London on March 10, a statement from CryptoCompare said on Feb. 28.

The firm'south CTO appears confident

Although Tether still sits entangled in a complicated legal battle, the firm's CTO thinks the stablecoin is at its all-time. "Through continuous innovation, Tether is stronger than always," Ardoino said in a statement, adding:

"I am excited to share an overview of our story and then far and provide a glimpse into our heady plans for the future."

Tether withal faces legal action

Over the by several years, Tether and associated commutation Bitfinex have felt the brunt of countless claims of foul play. Current lawsuits encompass concerns that take loomed for quite some time.

Tether currently finds itself in the midst of pressing legal matters, standing upward against a grade-action lawsuit that has seen substantial media coverage over the past several months. The lawsuit wagers that Tether manipulated the crypto market in 2022, playing a part in the massive bull run the manufacture saw that yr.

About recently, iFinex, the company behind Bitfinex, called the electric current marketplace manipulation allegations "reckless and simulated," according to a statement Cointelegraph received.

Cointelegraph reached out to Tether and Bitfinex for additional details, but received no response as of press fourth dimension. This article will be updated appropriately should a response come in.