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BTC $73,590.17 -2.00%
ETH $2,017.14 -1.94%
BNB $640.60 -1.81%
XRP $1.32 -0.79%
SOL $82.42 -1.29%
TRX $0.3534 -4.32%
DOGE $0.1001 -1.71%
ADA $0.2354 -1.89%
BCH $301.39 -12.15%
LINK $9.02 -3.05%
HYPE $60.67 +0.90%
AAVE $81.38 -4.21%
SUI $0.9317 -5.31%
XLM $0.2083 +24.54%
ZEC $557.13 +1.05%

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Tether CEO: Overcoming numerous challenges, continuing to dominate the global stablecoin market

ChainCatcher news, according to CoinDesk, Tether CEO Paolo Ardoino stated during his speech at the Cantor Fitzgerald Global Technology Conference in New York that Tether has "gone through hellish challenges" over the past few years but still maintains its market dominance and is expanding its business in multiple areas.During his first visit to the United States, Ardoino engaged in discussions with the Bitcoin Policy Institute and Strike CEO Jack Mallers, and took a photo on Capitol Hill in Washington, D.C. He admitted that Tether has long faced intense scrutiny from the U.S. Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC), and the New York Department of Financial Services (NYDFS), and reached a settlement with the CFTC and NYDFS in 2021.Currently, Tether's USDT stablecoin holds over 60% of the market share, with a total market capitalization of $143 billion, far exceeding its U.S. competitor Circle ($58 billion USDC). In 2024, Tether is projected to earn $13 billion and continues to invest in areas such as AI, education, and the tokenization of real-world assets (RWA).Although Tether is headquartered in El Salvador, it has strong ties to the U.S., including holding nearly $100 billion in U.S. Treasury bonds, making it one of the top 20 holders of U.S. debt globally. Additionally, Tether collaborates with the FBI and the U.S. Secret Service to combat crypto crime and has invested $775 million in the right-wing social platform Rumble, planning to integrate USDT payment functionality.At the conference, Ardoino emphasized Tether's optimistic outlook for the future and reaffirmed the importance of stablecoins in maintaining the U.S. dollar's global dominance, aligning with the latest policy direction of the U.S. Treasury.

first_img The Bitcoin conference today will feature numerous politicians giving speeches, including Senator Cynthia Lummis and Robert F. Kennedy Jr

ChainCatcher news, the 2024 Bitcoin Conference will feature numerous politicians speaking today, including Senator Cynthia Lummis and independent presidential candidate Robert F. Kennedy Jr.In addition, heavyweight guests such as Michael Saylor, Executive Chairman of MicroStrategy, Cathie Wood, CEO of ARK Invest, and cybersecurity expert Edward Snowden will also be speaking.Keynote Speeches to Watch Today:Topic: SAYLOR KEYNOTETime: 2:00 PM - 2:30 PM (Beijing Time: July 27, 3:00 AM - 3:30 AM)Guest: Michael Saylor, Executive Chairman of MicroStrategyTopic: BITCOIN & MACRO INVESTMENT TRENDSTime: 2:30 PM - 3:00 PM (Beijing Time: July 27, 3:30 AM - 4:00 AM)Guests: Cathie Wood, CEO of ARK Invest; Alyse Killeen, Founder of StillmarkTopic: FOR LOVE OF COUNTRY & BITCOINTime: 3:00 PM - 3:30 PM (Beijing Time: July 27, 4:00 AM - 4:30 AM)Guests: Cynthia Lummis, U.S. Senate; Tulsi Gabbard, LTC, US Army ReserveTopic: SNOWDEN KEYNOTETime: 3:30 PM - 4:00 PM (Beijing Time: July 27, 4:30 AM - 5:00 AM)Guest: Edward Snowden, Cybersecurity ExpertTopic: RFK KEYNOTETime: 4:00 PM - 4:30 PM (Beijing Time: July 27, 5:00 AM - 5:30 AM)Guest: Robert F. Kennedy, Jr., Kennedy Campaign Independent Presidential CandidateTopic: Q&A WITH RFKTime: 4:30 PM - 5:00 PM (Beijing Time: July 27, 5:30 AM - 6:00 AM)Host: Natalie Brunell, Coin Stories and Hard MoneyGuest: Robert F. Kennedy, Jr., Kennedy Campaign Independent Presidential CandidateTopic: BITCOIN IS FREEDOM OF SPEECHTime: 4:30 PM - 5:00 PM (Beijing Time: July 27, 5:30 AM - 6:00 AM)Guests: Chris Pavlovski, Founder of Rumble Inc.; Russell Brand, Political Commentator on Stay Free with Russell Brand on RumbleTopic: BILLIONAIRE CAPITAL ALLOCATORS: HEDGE FUNDS, REAL ESTATE, & VENTURETime: 5:30 PM - 6:00 PM (Beijing Time: July 27, 6:30 AM - 7:00 AM)Host: Eric Weiss, Founder of Bitcoin Investment GroupGuests: Matthew Roszak, Founder of Tally Capital / Bloq; Bill Miller IV, Chairman and CIO of Miller Value PartnersFor the complete conference agenda, please check the original link.
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