Sense

The crypto industry should focus on providing “real-world use cases” without using tokens or the blockchain, says Tether CEO Paolo Ardoino.

In 2024, the crypto industry needs to provide users with “real-world use cases and applications” that are not necessarily based on a token or blockchain, according to Tether CEO Paolo Ardoino. 

“Crypto doesn’t need a blockchain. It doesn’t need a token,” he told Cointelegraph in an exclusive interview.

Ardoino argued that the next crypto killer app should be focused on the fundamental value proposition offered by cryptography, which consists of peer-to-peer transactions and privacy protections. 

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Bitcoin is worth around $43,850 today, with its price consolidating ahead of the key spot ETF decision in the U.S.

Bitcoin's (BTC) price has been intensely scrutinized as investors and analysts watch for signs of its next major move.

As of Jan. 5, BTC's price was stabilizing around $43,850 after a 4.75% drop from its local high, suggesting a cautious market awaiting decisive moves.

The drop appeared amid rumors of U.S. regulators rejecting a round of spot exchange-traded fund (ETF) applications, which have been a critical point of focus for the crypto community.

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