Tether CEO reveals plans to launch a payment product to compete with PayPal's CashApp.

PANews May 2 news, according to CoinDesk, Tether CEO Paolo Ardoino revealed in an interview with CNBC that the company will launch a unique new product, which is likely to be a payment product. Tether's goal is to build a product that can be used by institutions, a product that can compete with PayPal's CashApp.

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