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Tether is set to launch its own AI platform in the first quarter of 2025, according to CEO Paolo Ardoino. The company plans to invest at least half of its projected $10 billion profits into this initiative, as demand for its USDT stablecoin continues to grow, with a market cap of approximately $140 billion and a significant increase in wallet holders.
Tether's CEO, Paolo Ardoino, projects a net profit exceeding $10 billion for 2024, with plans to invest over half into strategic projects, including AI and regulatory-compliant innovations under the MiCA framework. The company's reserve management, featuring U.S. government bonds and gold, supports USDT's stability and profitability, enabling significant investments like a $775 million stake in a popular video-sharing platform. Tether aims to enhance its influence in both the financial and technology sectors while fostering the development of MiCA-compliant stablecoins to boost liquidity in Europe.
Tether plans to launch an AI platform by March 2025, as announced by CEO Paolo Ardoino. This initiative comes amid a surge in AI-related discussions within the crypto sector, which accounted for 35% of conversations recently, following a peak of 51%. The company has also diversified its offerings with the launch of Hadron, a platform for asset tokenization.
TokenBuilder's CEO, Ransu Salovaara, forecasts that 2025 will see significant advancements in fair token offerings (FTOs) and AI integration in crypto projects. He emphasizes the need for transparency and equitable access for investors, while predicting Bitcoin could reach $150,000 to $200,000. The company is launching an FTO rating system and plans to introduce AI-driven utility tokens, enhancing compliance and market intelligence for investors and founders alike.
TokenBuilder, a Fair Token Offering launchpad, predicts that 2025 will see significant advancements in transparency for token launches and the integration of AI technology in crypto projects. CEO Ransu Salovaara emphasizes the importance of Fair Token Offerings (FTOs) to ensure equitable access for investors and the rise of AI tokens that will unlock advanced functionalities and services. The platform aims to enhance the token launch process with a focus on compliance, liquidity, and transparency, launching its first AI-driven token, $TBAI, on January 2, 2025.
TokenBuilder's CEO, Ransu Salovaara, forecasts a transformative 2025 for the crypto landscape, emphasizing Fair Token Offerings (FTOs) and AI tokens. With Bitcoin potentially reaching $150k–$200k, the focus will shift to equitable access for investors and the integration of AI in utility tokens, enhancing transparency and compliance in token launches. TokenBuilder aims to streamline this process with innovative tools and a dedicated launchpad for AI-driven projects.
Trafigura and three defendants, including former executive Mike Wainwright, are on trial in Switzerland for allegedly paying over $5 million in bribes to an Angolan oil official between 2009 and 2011. The case marks a significant legal precedent regarding corporate liability for foreign bribery. Prosecutors claim the bribery facilitated $143.7 million in profits for Trafigura, while the company maintains its compliance measures were adequate at the time.
Tether Holdings Ltd., the largest digital asset company, is venturing into the tokenization of stocks, bonds, funds, and commodities with its new platform, Hadron. Launched recently, Hadron enables users to convert various assets into stablecoins and digital tokens backed by collateral. The company aims to attract businesses and governments as its primary customers.
Tether Holdings Ltd., the issuer of the largest stablecoin, reported a net profit of $2.5 billion for the third quarter, primarily due to gains from US Treasuries and gold. The market value of its USDT token has surged to nearly $120 billion amid increased demand during the crypto bull market. Tether also noted it holds over $6 billion in excess reserves.
Tether Holdings Ltd., the issuer of the USDT token, faces significant legal challenges from US regulators that could disrupt the cryptocurrency industry. With a market capitalization of approximately $120 billion, USDT is the third-largest cryptocurrency and the most-traded token, serving as a digital alternative to the US dollar in various markets.
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