Changes in Tether
In a recent interview with CryptoPotato, Paolo Ardoino, the CEO of Tether, discussed the changes happening within the company. Previously, the company had no plans to go public, but now Ardoino says their focus is on serving customers and delivering value rather than pursuing short-term profits for shareholders. He also talked about his commitment to transforming Tether into a technology-focused company with a focus on real-world ecosystem growth in areas like communications, data, AI, renewable energy, and Bitcoin mining.
Bitcoin ETF in the States?
Ardoino also shared his thoughts on two upcoming events in the crypto industry: the Bitcoin halving and the potential approval of a spot BTC ETF in the US. He believes that the halving will amplify Bitcoin’s resilience and increase its value. He also stated that the growing interest from institutional investors could lead to the approval of a Bitcoin ETF, which would further catalyze institutional adoption and bring more legitimacy to the crypto space.
His Role at Keet Io
In addition to his role at Tether, Ardoino is also involved in another project called keet io. This project aims to redefine digital communications by providing a decentralized and censorship-resistant web conferencing tool. Ardoino explained that keet io is based on “Holepunch,” a technology that enables the creation of distributed networks. The project plans to launch a free, open-source platform and has already incorporated payment features like USDT and Bitcoin Lightning. The use of Bitcoin Lightning aligns with their commitment to decentralization and offers advantages in terms of transaction speed and cost efficiency.
Hot Take: Tether’s Future
In conclusion, Ardoino’s interview shed light on Tether’s future plans and the changes happening within the company. With a focus on serving customers and delivering value, Tether aims to become a technology-focused company with interests in various areas beyond stablecoins. Ardoino also expressed optimism about the potential approval of a Bitcoin ETF in the US and shared insights into his role at keet io, a project that aims to redefine digital communications through decentralization.
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