ChainCatcher news, Tether CEO Paolo Ardoino stated on the X platform that another batch of chain swaps occurred today, with 1.5 billion USDT on Tron being converted to USDT on Ethereum.Previous news, Tether Treasury minted an additional 1 billion USDT on the Ethereum network.

ChainCatcher news, according to Bloomberg, Tether's Chief Technology Officer Paolo Ardoino stated that Tether plans to release real-time reserve data next year (2024), with goals that also include increasing technology investments, engaging with regulators, and expanding into the renewable energy sector.

ChainCatcher news, regarding Cointelegraph's report on "Tether bans certain groups of customers in Singapore from exchanging USDT for USD," Tether's Chief Technology Officer Paolo Ardoino stated on the X platform that Tether indicated in its updated terms of service on May 12, 2020, that Singapore is one of the prohibited jurisdictions.Earlier, ChainCatcher reported earlier today that Cointelegraph stated Tether changed its terms of service (ToS) in Singapore, prohibiting certain local customers from exchanging USDT for USD.

ChainCatcher news, Tether's Chief Technology Officer Paolo Ardoino stated on social media that the turnover rate at Tether, Bitfinex, Holepunch, and Synonym is very low, at less than 1% per year.It is reported that the vast majority of positions at Tether do not use recruitment agencies. Employees work at the company for many years, and most of those who leave request to come back, with everyone contributing to the company's development.

ChainCatcher news, Tether's Chief Technology Officer Paolo Ardoino stated on social media that Tether's new global strategy will be fully implemented in 2024. According to the icon released, this strategy may include investment and financing, renewable energy Bitcoin mining, education, and global business expansion.

ChainCatcher news, Tether's Chief Technology Officer Paolo Ardoino stated on social media that the first batch of miners has launched the Bitcoin mining platform Moria for testing. Currently, all PDU (Power Distribution Unit) management and interactions with miners (setting frequency, power, etc.) are fully controlled by software, and all written actions require multi-signature approval.

ChainCatcher news, Tether's Chief Technology Officer Paolo Ardoino stated on social media that Tether currently holds $72.5 billion in U.S. Treasury bonds, surpassing countries such as the UAE, Mexico, Australia, and Spain, making it the 22nd largest holder in the world.

ChainCatcher news, Tether's Chief Technology Officer Paolo Ardoino stated on social media that Tether's Bitcoin mining facility in Latin America is set to begin operations in a few weeks, but the specific location cannot be disclosed to avoid disturbances; the site is progressing well, and team members are working day and night.In addition, Tether launched the "Tether Energy" program a few months ago and is partnering with companies around the world to provide support such as funding, infrastructure, development, and general expertise to build renewable energy production and Bitcoin mining facilities. Tether believes that Bitcoin mining must be geographically decentralized as much as possible, with the goal of reducing the current high concentration in specific countries.

ChainCatcher news, Tether's Chief Technology Officer Paolo Ardoino stated on social media that they are testing a new mobile application called Keet.The application will offer true P2P voice calls, blind mirroring, and product stability. After the app is released, the team will focus on features, integrations, and the P2P plugin market. He emphasized that this app will always be free and will have no central infrastructure.

ChainCatcher news, Tether CTO Paolo Ardoino tweeted that Tether will launch 3 major products by the end of this year, with specific details yet to be disclosed.

ChainCatcher news, Tether's Chief Technology Officer Paolo Ardoino tweeted: "Today, over 325 million USDT have been redeemed, and many customers have joined and can redeem. There is some FUD regarding the thoroughness of Tether's onboarding process, such as 'the process is too difficult', 'users are asked too many questions', and 'a lot of documents need to be submitted'. In fact, due to Tether's bank-grade standards, we require basic information such as 'source of funds'. Tether relies on a strong network of banking partners, and it is crucial to ensure proper KYC/AML before attracting customers. If this is not done, all Tether users will face risks."Ardoino also stated: "Bitcoin is the only truly decentralized thing. Anything other than Bitcoin, including basically all other cryptocurrencies, is not truly decentralized. Therefore, I remind users that USDT is not Bitcoin, but a centralized stablecoin that uses a decentralized transmission layer (also known as blockchain). When users redeem USDT, they must comply with fiat system rules."

ChainCatcher news, according to The Block, Tether's Chief Technology Officer Paolo Ardoino stated that the launch of PayPal's stablecoin will not affect Tether, as the company does not provide services to U.S. users. When asked whether PYUSD will be launched in international markets, Ardoino said it is positive for the entire crypto industry, suggesting that the launch of PYUSD could lead to a decline for competitors.

ChainCatcher news, Tether's Chief Technology Officer Paolo Ardoino tweeted that the Tether Gold token, backed by physical gold and launched by Tether, is not competing with Bitcoin but with fiat currency. Bitcoin is the best currency ever created by humanity, but currently not everyone is ready to understand Bitcoin, so Tether Gold may be the first step to more easily abandon fiat currency and enter a new digital paradigm. (source link)

ChainCatcher news, Tether CTO Paolo Ardoino stated on Twitter that the market is currently volatile, making it easy for attackers to exploit this widespread sentiment, "but Tether is always ready, let them come, we are prepared to redeem any amount of funds." (source link)

ChainCatcher news, Bitfinex and Tether's Chief Technology Officer Paolo Ardoino recently stated in an interview with CoinTelegraph Italia, "The financial world created by Bitcoin is not limited to transactions on the blockchain; Bitcoin is the freest currency transmission tool ever. Bitcoin is a perfect system: it is decentralized, unstoppable, and secure."Regarding how the recently popular BRC-20 will affect the Bitcoin network, Paolo Ardoino said, "In fact, from a security perspective, the concepts of BRC-20 and Ordinals do not render Bitcoin obsolete. Clearly, the issue we have encountered recently is that gas fees for all Bitcoin users are increasing: everyone who needs to conduct 'normal' transactions and make payments has found their transaction costs rising.However, we cannot control how Bitcoin is used, nor can we make 'right' and 'wrong' judgments. If a feature exists, then users have the right to use it. Bitcoin will always remain secure; it is the safest solution available to us—and thanks to solutions like the Lightning Network, it still has scalability. Recent events indicate that many trading platforms have not implemented Bitcoin's scalability solutions over the past four years." (Source link)

ChainCatcher news, Tether's Chief Technology Officer Paolo Ardoino stated on Twitter that Tether's new proof will be released next week. The proof will include more disclosures, and Tether achieved good results in the first quarter of 2023, which will also enhance transparency.Previously reported, in early April, Paolo Ardoino mentioned on Twitter that the company's profit for the first quarter of this year has exceeded 700 million USD. (source link)

ChainCatcher news, Tether Chief Technology Officer Paolo Ardoino stated on Twitter that the company's profits for the first quarter of this year have exceeded $700 million.Previously, on March 24, [Paolo Ardoino](https://www.rootdata.com/zh/member/detail/Paolo Ardoino?k=MTI0Njc=) had anticipated that the excess reserves for the quarter would increase by $700 million, bringing Tether's excess reserves to $1.66 billion, marking the first time Tether's excess reserves have surpassed $1 billion. (Source link)

ChainCatcher news, according to CNBC, Tether's Chief Technology Officer Paolo Ardoino stated that Tether will achieve a profit of $700 million in the first quarter of 2023, bringing its excess reserves (the portion of reserve funds exceeding the amount of USDT issued) to $1.66 billion. Paolo Ardoino noted that this is the first time USDT's excess reserves have surpassed $1 billion. (source link)