Episode 50ย of Season 5 of The Scoop was recorded with The Blockโs Frank Chaparro and Tetherย (USDT) & Bitfinex CTO Paolo Ardoino.
Listen below, and subscribe to The Scoop onย Apple,ย Spotify,ย Google Podcasts,ย Stitcher, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].
Paolo Ardoino is the Chief Technology Officer for Tetherย (USDT) and Bitfinex.
In this episode, Ardoino talks through Tetherโs treasury management strategy, including the firmโs recently announced Bitcoinย (BTC) purchases and how the company is planning to use the $1.5 Billion in profit generated during Q1 of this year.
Reportsย by Ardoino, Tetherโs recent profitability is prompting the company to diversify:
โThe beauty of our next period strategy isย theย factย that we can start diversifying ourselves from the pure cryptoย stablecoin offering and become a more round tech provider that that requires expertise in numerous important fields. So energy, communication, financial infrastructure are going to be the key of theย following 6 to 12 to probably 48 months.โ
Regardlessย of the bear market, the marketย capitalization of USDT is asย ofย now near its record-breakingย peak of $84.1 billion.
During this episode, Chaparro and Ardoino likewise discuss:
- Why USDT is so trending on Tron
- Tetherโs key to success in emerging markets
- The Unitedย States default and how Tetherย (USDT) is positioning
This episode is brought to you by our sponsor CleanSpark.
About CleanSpark
CleanSpark (NASDAQ: CLSK) is Americaโs Bitcoinย (BTC) Minerโข. Visit cleanspark.com/theblock to learn more about the CleanSpark way.
