Tether CEO Paolo Ardoino emphasized during an interview on June 12 that they are not just a simple "stablecoin issuance" company, but a pragmatic business "providing financial alternatives for the 3 billion people worldwide," which is different from the Financial Institutions that only shout on Wall Street. At the same time, Ardoino also revealed the current profit, investment strategy, and reserve status of Tether, their presence in Africa, views on stablecoins, and energy planning.
Claims to have earned 20 billion in 2.5 years, investing in real estate, AI, and brain-computer interface fields.
Ardoino emphasized that Tether has made a profit of 20 billion dollars in just two and a half years, and has since invested in real estate, AI, and brain-machine interfaces.
He revealed that the South American food and renewable energy production company Adecoagro, in which he is currently investing, is one of the few companies in Argentina and Brazil that has "the most farmland." Tether is optimistic about this investment because the land possesses an irreplaceable "scarcity," and in the long term, it has the potential for value preservation and appreciation, similar to BTC.
Ardoino added that Tether is also actively promoting USDT as a cross-border settlement tool for agricultural products. He cited Adecoagro's export of wheat and dairy products to Asia and North America as an example, and it is expected that USDT will be used for transactions in the future. He boldly predicted that in the next 5 years, "commodity traders" will definitely be the main driving force behind the application of stablecoins.
Regarding technology, Ardoino stated that Tether has also invested in AI supercomputing company Northern Data, which owns 24,000 GPUs, and plans to launch its own AI platform "Tether AI" in Q3 of this year. In addition, Tether has invested in brain-machine interface company Blackart Neurotech, whose technology in development can read human brain thoughts at a speed of "90 words per minute." Ardoino believes that in the future, humans will need brain-machine interfaces to coexist and compete with AI.
From local vendors in Africa to Central and South America, expanding the application scenarios of USDT.
Ardoino stated that Tether targets "the 3 billion people globally who do not have bank accounts" as the main customer base for USDT. He cited that Tether is building 100,000 solar-powered mobile education stations in Africa to teach rural populations how to use crypto wallets and transfer using USDT, allowing them to promote it "through word of mouth."
He added that in order to allow areas without internet to use USDT, Tether is supporting solutions such as issuing coins and lightning payments via SMS (SMS), and is collaborating with local vendors in Central and South America to establish payment points.
I welcome regulation of stablecoins, embracing transparency and actively entering the energy sector.
Regarding the progress of the "GENIUS Act" bill and the competition of stablecoins, Ardoino expressed his approval and believes that future new entrants will only target the USDC market and will not affect Tether.
In response to external doubts about Tether's reserve asset transparency, Ardoino stated that they are now actively communicating with the four major international accounting firms, aiming for a "complete audit." He said:
"Tether discloses detailed information about all reserve assets every quarter, including gold, bitcoin, and US Treasuries, making it the most transparent stablecoin issuer in the industry."
Ardoino finally mentioned that Tether currently holds about 100,000 BTC and will continue to invest in mining, payments, education, and other areas. He added that Adecoagro has an existing power generation capacity of 200 megawatts and will invest in renewable energy and regional grid construction in the future.
(Ardoino talks about the stablecoin bill: Tether can comply, developing countries are still the main market for USDT)
This article covers Tether's latest layout at a glance! CEO Ardoino: $20 billion investment in farmland, AI, and energy mining first appeared in Chain News ABMedia.
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Tether's latest layout at a glance! CEO Ardoino: $20 billion investment in farmland, AI, and energy Mining.
Tether CEO Paolo Ardoino emphasized during an interview on June 12 that they are not just a simple "stablecoin issuance" company, but a pragmatic business "providing financial alternatives for the 3 billion people worldwide," which is different from the Financial Institutions that only shout on Wall Street. At the same time, Ardoino also revealed the current profit, investment strategy, and reserve status of Tether, their presence in Africa, views on stablecoins, and energy planning.
Claims to have earned 20 billion in 2.5 years, investing in real estate, AI, and brain-computer interface fields.
Ardoino emphasized that Tether has made a profit of 20 billion dollars in just two and a half years, and has since invested in real estate, AI, and brain-machine interfaces.
He revealed that the South American food and renewable energy production company Adecoagro, in which he is currently investing, is one of the few companies in Argentina and Brazil that has "the most farmland." Tether is optimistic about this investment because the land possesses an irreplaceable "scarcity," and in the long term, it has the potential for value preservation and appreciation, similar to BTC.
Ardoino added that Tether is also actively promoting USDT as a cross-border settlement tool for agricultural products. He cited Adecoagro's export of wheat and dairy products to Asia and North America as an example, and it is expected that USDT will be used for transactions in the future. He boldly predicted that in the next 5 years, "commodity traders" will definitely be the main driving force behind the application of stablecoins.
Regarding technology, Ardoino stated that Tether has also invested in AI supercomputing company Northern Data, which owns 24,000 GPUs, and plans to launch its own AI platform "Tether AI" in Q3 of this year. In addition, Tether has invested in brain-machine interface company Blackart Neurotech, whose technology in development can read human brain thoughts at a speed of "90 words per minute." Ardoino believes that in the future, humans will need brain-machine interfaces to coexist and compete with AI.
From local vendors in Africa to Central and South America, expanding the application scenarios of USDT.
Ardoino stated that Tether targets "the 3 billion people globally who do not have bank accounts" as the main customer base for USDT. He cited that Tether is building 100,000 solar-powered mobile education stations in Africa to teach rural populations how to use crypto wallets and transfer using USDT, allowing them to promote it "through word of mouth."
He added that in order to allow areas without internet to use USDT, Tether is supporting solutions such as issuing coins and lightning payments via SMS (SMS), and is collaborating with local vendors in Central and South America to establish payment points.
I welcome regulation of stablecoins, embracing transparency and actively entering the energy sector.
Regarding the progress of the "GENIUS Act" bill and the competition of stablecoins, Ardoino expressed his approval and believes that future new entrants will only target the USDC market and will not affect Tether.
In response to external doubts about Tether's reserve asset transparency, Ardoino stated that they are now actively communicating with the four major international accounting firms, aiming for a "complete audit." He said:
"Tether discloses detailed information about all reserve assets every quarter, including gold, bitcoin, and US Treasuries, making it the most transparent stablecoin issuer in the industry."
Ardoino finally mentioned that Tether currently holds about 100,000 BTC and will continue to invest in mining, payments, education, and other areas. He added that Adecoagro has an existing power generation capacity of 200 megawatts and will invest in renewable energy and regional grid construction in the future.
(Ardoino talks about the stablecoin bill: Tether can comply, developing countries are still the main market for USDT)
This article covers Tether's latest layout at a glance! CEO Ardoino: $20 billion investment in farmland, AI, and energy mining first appeared in Chain News ABMedia.