What’s Next for USDT?! Interview With Tether CEO!
Published: 2024-04-21
Status:
Available
|
Analyzed
Published: 2024-04-21
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Tether plans to invest in and build platforms to make education available online, focusing on providing access to the best teachers and learning tools across various professions.
"we announced our educational effort... with tedar we are building investing in in in um in different areas to make make sure that education can be um available online if you want to be a plumber if you want to be an electrician if you want to be anything in this word you should be able to find the best teachers and have the best tools to learn so that is where we are investing"
Pending
Tether expects its financial pillar to continue growing over the next 5-10 years due to persistent inflation and currency depreciation in many countries.
"in 5 10 years I think we have we are going to open many more avenues for us... the financial pillar of Teta will remain I think will keep growing there is a well unfortunately or well fortunately for us but actually unfortunately for in general for for for for the world I don't see inflation uh going down anytime soon I see many countries still being heavily subject to a fast Dee depreciation of their National currency"
Pending
Tether aims to become a brand that supports initiatives empowering individuals, local communities, cities, and countries, reflecting its 'Unstoppable Together' motto.
"tether will become the the brand that will support all these initiatives we have this new motto called Unstoppable together and our concept is that we are still individuals we are everyone is is his own person right but at the same time we are a community we form cities we form countries so the products that we want to build need to empower the single person as the local community as an entire city as an entire country as an entire world"
Pending
Tether's investment strategy differs from traditional VCs; they prioritize projects sharing their ethos of decentralization and freedom of speech, rather than solely focusing on maximizing returns.
"the way we invest in in in a projects and and ideas is slightly different or quite different actually from the classic VC the classif VC would look for the best opportunities to make um the highest return possible we invest in in Things That Go um in on the same Pace they have the same ethos the same philosophy for example when it comes to freedom of communications freedom of speech"
Pending
The speaker advises the community to be cautious of any stablecoin aiming for significant size that plans to hold large amounts of uninsured cash deposits.
"I think that um all any stable coin that is uh that wants to reach a meaningful size and is planning to to keep such an big amount of an insure cash deposits the community should be really beware from that"
Pending
Tether is investing in peer-to-peer communication suites and artificial intelligence as part of its diversification strategy.
"then we are we investing in peer-to-peer communication suites and uh and artificial intelligence"
Pending
The TON blockchain will begin supporting USDT payments for Telegram users.
"the ton blockchain would begin supporting usdt payments for telegram users"
Pending
The EU's MiCA license mandates that stablecoins must hold 30% (for small ones) or 60% (for large ones like Tether) of their assets in cash deposits with banks.
"the MAA license requires for a small stable coin to keep 30% of its assets and for a big stable coin like us 60% of his assets into cash deposits in a bank"
Pending
Tether reported a profit of $6.2 billion last year, positioning it as potentially one of the most profitable companies on a per-person basis.
"T last year as you said was a great year for us we had a profit of 6.2 billion doar someone says that we are probably the most profitable company per per person that works there"
Pending
Tether invests in initiatives that align with its core mission of decentralization and freedom of speech, believing that financial freedom is rendered useless without freedom of speech.
"we invest in Things That Go um in on the same Pace they have the same ethos the same philosophy for example when it comes to freedom of communications freedom of speech that is something really at the core of our mission yeah as Bitcoin brings Financial Freedom we believe that if you have Financial Freedom and you don't have freedom of speech your financial freedom is useless"
Pending
Tether has invested in and built decentralized communication applications like H Punch and Kit, envisioning a BitTorrent-like model for communication.
"so we built we invested and built platforms like H punch and uh and kit that is a communication suit that shows how you can build completely decentralized communication applications like imagine bit torrent for communications rather than just file sharing"
Pending
Tether is investing in biotech, believing it's important to give back to the community beyond just the crypto space, attributing its success to luck and a useful product.
"we recently have been uh investing also in biotech we believe that um it's important for a company like T to give back to the community not only the crypto Community but I I said it in a speech previously I feel like we have been extremely lucky"
Pending
Tether retains the majority of its assets and profits within USDT reserves to demonstrate an alternative to the fractional reserve banking system.
"we kept the vast majority of the these assets and these profits inside the reserves of usdt why because we want to demonstrate that Finance can be different we see the banking industry that is um um running on fractional Reserve"
Pending
Tether has invested in Northern Data, a company with significant allocation of AI chips (GPUs), in response to issues surrounding AI development and debates involving figures like Elon Musk and Sam Altman.
"so we invested in Northern data that is um one of the uh companies that have the majority allocation of um AI chips gpus because we have all seen what um happened with Gemini 1.5 or with um open Ai and debate that was between Elon Musk and Sam"
Pending
Tether plans to develop tools providing AI companies access to GPUs and computing power, aiming to bypass the control and potential political influence of large tech companies that dominate AI chip ownership.
"we want to build that within tedar we want to create tools that allow AI companies that need to have access to gpus to computer power to have that type of access without being subject to the political belief of the few small few big tech companies that own the majority of the eye chips"
Pending
Tether is establishing Bitcoin mining farms in El Salvador, Uruguay, and Paraguay, with a focus on utilizing renewable energy.
"so that's what we are doing with Els salador with uguay and Paraguay we are establishing um mining Farms there focusing on renewable energy usage"
Pending
The speaker questions the need for fully decentralized stablecoins, suggesting that Bitcoin already fulfills the role of a resilient, uncensorable currency if that is the goal.
"the issue with the fully decentralized stable coins is that why they're trying to create a stable coin so let's ask ourselves why we we want a stable coin because if we want a dollar stable coin why we want that because if we wanted to have the best currency in the world that is always um that is resistant to the wrath of God that is extremely resilient that is uncensorable you have Bitcoin"
Pending
A truly decentralized stablecoin cannot guarantee a 1:1 conversion to a dollar without banking infrastructure. If it doesn't have banking, it cannot be pegged to the dollar and will be volatile.
"the only way to ensure that you can pay out a dollar for a dollar or for one1 doll worth of stable coin is that you have banking so the moment you start having banking how centralized or decentralized you can be right so either you are just a currency that try to mimic a little bit the dollar but it's not then a dollar is not a stable coin because then it's volatile because it cannot be pegged to the dollar because you don't have banking"
Pending
El Salvador, after introducing a digital asset license, is now rolling out a stablecoin license.
"El salador the Bitcoin country now has first started um working and and delivered um on on um digital asset license um that bitfenix and other company that I represent was able to obtain and now they are rolling out the stable coin license"
Pending
Concerns exist about the concentration of power in a few companies controlling AI technology for political agendas; there is a belief that fair access to AI infrastructure is necessary.
"there are all these issues of concentration of power in few companies that are using technology to express their political agenda yeah so we we are against that we believe that there should be a fair access to also AI infrastructure"
Pending
The high cost (15%) of remittances through traditional centralized databases is seen as unfair, highlighting the significant impact of Tether's disintermediation in finance.
"you are charged 15% just to move a ledger in a in a centralized database that is completely unfair right so I think uh the this intermediation that we made with USD is enormous when it comes to finance"
Pending
Bitcoin mining was heavily centralized in China until 2019 when the government banned it, leading to a majority of mining operations moving to the US.
"Bitcoin mining was extremely centralized in China up to 2019 the Chinese government bonded Bitcoin mining then Bitcoin mining moved to uh the vast majority moved to the US"
Pending