{
Paolo Ardoino

People

}
Tether aims for record profits with strategic investments in technology and innovation
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.
Crypto News Flash
United States Dollar Euro USA VGB Paolo Ardoino
Finance & Economy, Market Report
15:00 21.12.2024
Tether invests 775 million in Rumble to enhance decentralized media platform
Tether has announced a $775 million investment in Rumble, a video streaming platform that promotes free speech and positions itself as a YouTube alternative. The deal includes an initial cash investment of $250 million and will grant Tether 103.3 million shares at $7.50 each, expected to close in early 2025. Rumble plans to create a Bitcoin reserve, aiming to purchase up to $20 million in Bitcoin, reflecting its belief in the cryptocurrency's potential as a hedge against inflation.
Decrypt
United States Dollar Tether USDt CNY MicroStrategy Inc RumbleOn, Inc. Marathon Digital Holdings Inc Tesla, Inc. USA DEU Paolo Ardoino Chris Pavlovski Show more
Finance & Economy, Press Release
02:00 21.12.2024
Tether invests 775 million in Rumble boosting stock by 35 percent
Tether Limited is investing $775 million in video-sharing platform Rumble, leading to a 35.89% surge in Rumble's stock. The deal, which includes purchasing 103.3 million shares, aims to enhance decentralization efforts while allowing Rumble's CEO to retain control. Tether plans to diversify its investments, allocating funds for growth initiatives and shareholder liquidity.
CryptoSlate
Willkie Farr & Gallagher LLP McDermott Will & Emery LLP Paolo Ardoino Chris Pavlovski
Finance & Economy, Press Release
23:53 20.12.2024
Rumble secures 775 million investment from Tether to enhance growth and liquidity
Rumble has secured a $775 million investment from Tether, with plans to use $250 million for growth initiatives and the rest for a self-tender offer for up to 70 million shares. Following the announcement, Rumble's shares surged 35% in post-market trading. Tether aims to explore advertising and crypto payment solutions with Rumble, aligning their missions around decentralization and free speech. The transaction is expected to close in Q1 2025, pending regulatory approvals.
Crypto Briefing
Tether USDt CNY RumbleOn, Inc. CAN Paolo Ardoino Chris Pavlovski
Finance & Economy, Press Release
23:45 20.12.2024
Tether plans AI platform launch for March 2025 amid crypto growth
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.
Crypto Briefing
United States Dollar Tether USDt EUR Virtuals Protocol USD VGB Paolo Ardoino Show more
Technology & Innovation, Market Report
19:16 20.12.2024
Tether strengthens European stablecoin market ahead of MiCA regulations
Tether is solidifying its position in Europe's stablecoin market, moving an average of $40 million daily to exchanges as the MiCA regulations approach. Despite Coinbase's delisting of USDT for European users, other major exchanges continue to support it. Tether's investment in StablR, a compliant stablecoin issuer, highlights its commitment to regulatory adaptation and innovation, with StablR's MiCA-compliant stablecoins enhancing liquidity and accessibility in the growing European market.
TronWeekly
Euro United States Dollar Coinbase Global, Inc. Crypto.com Staked ETH USD Algorand USD Kraken Energy Corp. Tether USDt CNY Paolo Ardoino Show more
Finance & Economy, Market Report
12:00 18.12.2024
tether invests in stablr to support euro and usd stablecoins compliance
Tether has invested in Malta-based stablecoin firm StablR, which operates the StablR Euro (EURR) and StablR USD (USDR) stablecoins, as Europe prepares for the implementation of the Markets in Crypto-Assets Regulation (MiCA) on December 30, 2024. StablR, founded in 2023, recently obtained an Electronic Money Institution license, enabling it to issue compliant stablecoins. Tether's investment reflects a strategic shift towards supporting MiCA-compliant projects, allowing it to navigate regulatory challenges while fostering innovation in the European stablecoin market.
CoinMarketCap Academy
Euro United States Dollar Coinbase Global, Inc. Tether USDt CNY MLT Paolo Ardoino
Finance & Economy, Press Release
06:50 18.12.2024
Tether invests in StablR to enhance European stablecoin market presence
Tether has invested in Malta-based stablecoin firm StablR, enhancing its presence in Europe's stablecoin market amid USDT uncertainties. StablR operates the euro-backed EURR and dollar-pegged USDR, utilizing Tether's Hadron platform, as the European stablecoin market, valued at $367 million, prepares for new regulations. StablR, which raised €3.3 million in a seed round, aims to deliver compliance and liquidity in the evolving landscape.
Cointelegraph
United States Dollar Euro Tether USDt EUR MLT Paolo Ardoino
Finance & Economy, News Article
14:00 17.12.2024
Tether invests in StablR to enhance stablecoin adoption in Europe
Tether has invested in StablR, a European stablecoin provider, to enhance stablecoin adoption in Europe as the EU's MiCA regulation deadline approaches. StablR, now licensed in Malta, will use Tether's Hadron platform for asset tokenization and compliance, aiming to boost the EURR and USDR stablecoins' interoperability. The move reflects Tether's commitment to compliance and innovation in the growing digital asset economy.
Crypto Briefing
StablR Euro USD Coinbase Global, Inc. Tether USDt EUR MLT Paolo Ardoino Show more
Finance & Economy, Press Release
14:00 17.12.2024
tether invests in stablr to strengthen presence in european stablecoin market
Tether has invested in European stablecoin issuer StablR, which issues euro and U.S. dollar stablecoins and recently obtained an EMI license in Malta to comply with EU regulations. Tether will support StablR with its tokenization platform Hadron, enhancing compliance and risk management. CEO Paolo Ardoino expressed concerns about the systemic risks posed by new regulations, particularly for the European banking sector, while highlighting the growing importance of stablecoins in the digital asset market.
CoinDesk
United States Dollar Euro StablR Euro USD Tether USDt CNY Quantoz EURQ USD MLT Paolo Ardoino Show more
Finance & Economy, News Article
14:00 17.12.2024
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