Paolo Ardoino

Trump Administration’s Crypto Support Boosts Tether’s US Goals: Ardoino

Tether Holdings Ltd., the issuer of the world’s largest stablecoin, USDT, is exploring the potential for a greater presence in the United States. The chief executive of the company has cited favorable market conditions and a promising regulatory outlook under President-elect Donald Trump as key factors driving this consideration. Tether Eyes the US In an...
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Tether Expands Bitcoin Reserves by $700M Amidst FUD Over USDT’s Status in Europe

Tether, the largest stablecoin issuer, has added $700 million worth of Bitcoin to its reserves. This development comes as CEO Paolo Ardoino addresses the fear, uncertainty, and doubt (FUD) surrounding USDT’s status in Europe following MiCA’s implementation deadline on December 30. Details From the Latest Purchase According to on-chain data from Arkham Intelligence, Tether transferred...
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Tether Reports Record Q3 Profit of $2.5B, Bringing Nine-Month Total to $7.7B

Stablecoin issuer Tether saw its profit reach a record $2.5 billion in the third quarter of the year, contributing to a nine-month profit total of $7.7 billion – an all-time high. As of September 30, 2024, the company reported $134.4 billion in consolidated assets and $14.2 billion in group equity, as per its Q3 2024...
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Tether CEO Breaks Down Reserves Backing USDT Stablecoin

Tether CEO Paolo Ardoino has disclosed details about the stablecoin issuer’s reserves, revealing that it holds $5.58 billion in Bitcoin (BTC), $3.87 billion in gold, and approximately $100 billion in U.S. Treasury bonds. This breakdown comes as the company faces allegations of a federal investigation in the U.S. and renewed questions about its reserve backing....
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Tether Ventures into Agriculture with $100M Investment in South America’s Adecoagro

USDT issuer Tether has made a move into the agriculture sector with a $100 million investment in Adecoagro, a South American agricultural firm. This marks its first venture into the agriculture and food industry, expanding its investment portfolio beyond its previous focus areas of technology and digital assets. Tether Acquires 9.8% Stake in Adecoagro In...
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Here’s What Tether’s CEO Revealed About the Company’s Bold Move into Venture Capital

Paolo Ardoino, Tether’s CEO, is steering the company into venture capital, with a focus on emerging areas like AI, as revealed in his recent interview with WIRED. With billions in reserves, Tether is positioning itself to compete with tech giants such as Microsoft, Google, and Amazon. Tether’s Profit Ventures Since Ardoino took over as CEO...
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CEO Paolo Ardoino Responds to Celsius’s Lawsuit Against Tether, Calls it ‘Baseless Shakedown’

Two years after filing for bankruptcy, Celsius is trying to recover some funds by suing Tether for an alleged wrong liquidation of more than $800 million worth of BTC (at prices in mid-2022). The stablecoin issuer was quick to respond, calling the lawsuit a “baseless shakedown” and promised to fight for a win. Celsius Goes...
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Bitfinex’s latest integration to allow passive income from Bitcoin, Ethereum holdings

A week after the launch of EOS, Litecoin, and Polkadot Perpetual Swaps, Bitfinex has announced the launch of a new yield product. Bitfinex users can now begin to earn rewards on their crypto-holdings following a new partnership with Celsius Network. The integration in question will allow customers of the exchange platform to create a wallet...
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Bitfinex completes redemption of LEO tokens on EOS blockchain following burn

On July 8, Bitfinex, the noted cryptocurrency exchange, had announced the spending of 27% of all accrued margin trading fees to buyback and burn UNUS SED LEO tokens. In an update for the same, the exchange today informed the community of completing the redemption and burning of these LEO tokens. Bitfinex tweeted, “The new UNUS...
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Bitcoin (BTC) $ 97,636.01 2.63%
Ethereum (ETH) $ 2,699.49 4.78%
XRP (XRP) $ 2.46 5.01%
Tether (USDT) $ 1.00 0.00%
Solana (SOL) $ 201.36 3.05%
BNB (BNB) $ 619.55 2.60%
USDC (USDC) $ 1.00 0.00%
Dogecoin (DOGE) $ 0.257223 6.58%
Cardano (ADA) $ 0.734516 11.85%
Lido Staked Ether (STETH) $ 2,696.91 4.55%