Why Tether’s CEO is everywhere right now
View original at finance.yahoo.comWhy Tether’s CEO is everywhere right now Paolo Ardoino, chief executive officer of Tether Holdings SA, speaks during the Plan B Forum Bitcoin conference in San Salvador, El Salvador, on Friday, Jan…
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Even if Bitcoin would go to zero, Tether would have more money than all the USDT tokens issued
80% confidenceFor someone whose currency loses 3% daily, a 4% annual interest rate is meaningless
80% confidenceThe Last Question is the most magnificent sci-fi piece of literature ever written
80% confidenceTether has frozen $3.5 billion in tokens, the vast majority of which belonged to people who have been scammed or hacked
80% confidenceThe infinite, vast majority of the usage of USDT is by good people
80% confidenceTether is buying one to two tons of gold per week, positioning itself as one of the biggest gold central banks in the world
80% confidenceOur story is about building a company that can stand the test of time. It's becoming a social impact company that is changing the lives of hundreds of millions of people and providing them something they never had before – stability
80% confidenceWithin three to five years, today's most powerful smartphones will be commonplace in Africa and South America, enabling 70-80% of AI use cases
80% confidenceWhat Tether created is the biggest financial inclusion success story in the history of humanity
80% confidenceUSDT will empower the biggest decentralized AI platform in the world
80% confidenceGold has been the first big, almost ubiquitous form of currency in humanity. For the first time, with blockchain technology, we could actually make gold again a currency used not only as a store of value, but also a way to exchange value
80% confidenceHoward Lutnick has publicly vouched for Tether's legitimacy
80% confidenceThe banking system is doing fractional reserve at the length of 90%. So if you deposit $1 million in a bank account, $100,000 is there, and $900,000 is lent out
80% confidenceThe amounts highlighted in The Economist piece about money laundering are truly a drop in the ocean
80% confidenceUSDT never meant to go after people that had an account in JPMorgan. We went to all the people left behind by the traditional financial system
80% confidenceIf that is the same S&P that completely missed the subprimes, I'm proud they're considering us weak
80% confidenceTether works with almost 300 law enforcement agencies across more than 60 countries
80% confidenceWhile for the rest of the world, U.S. dollar stablecoins are the savings account, you cannot think about stablecoins for U.S. people as the savings account, but more like a checking account
80% confidenceWe redeemed $7 billion in 48 hours – 10% of our reserves. In 20 days, $20 billion – 25% of our reserves. There is no bank in the world that can survive that level of redemptions. We did it with flying colors
80% confidenceI hope that financial inclusion and bringing 536 million people on board onto the dollar is something that both Republicans and Democrats care about. It's a matter of education
80% confidenceIn 2023, Tether proactively identified $225 million in a pig-butchering scam in the blink of an eye after traditional financial systems failed to catch it
80% confidenceThe transparency of blockchain makes it easier to monitor for illicit activity than traditional banking
80% confidenceSometimes you are painted in a different light if you don't bend the knee to Wall Street
80% confidenceThe motto of Tether is to be the stable company. The reason why we invest in land, cattle, agriculture, modern tech, in gold – the common denominator is ensuring that Tether can remain a cornerstone of the world that is our user
80% confidenceUSDT is growing at a pace more like Facebook rather than any other fintech application
80% confidenceIf there are cash pallets of hundreds of billions of dollars roaming around the world, U.S. law enforcement can hardly do anything about it. But with USDT, we demonstrated that working with the DOJ, FBI, Secret Service and hundreds of other law enforcement agencies, we could quickly freeze the funds
80% confidence