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Tether Tackles AI Security with Decentralized Models. 🛡️🧠 Stablecoin giant Tether is diving into the AI arena, developing decentralized AI models aimed at bolstering security and privacy. CEO Paolo Ardoino highlighted how these models could have prevented last year's OpenAI hack by keeping sensitive data on users' devices. This initiative aligns with Tether's new AI division, which focuses on building open-source, multimodal models and integrating AI into real-world products. The company's investments in AI firms like the Northern Data Group further underscore its commitment to this burgeoning field. While the project is still a work in progress, Tether's foray into decentralized AI signals a significant step towards enhancing system resilience and user control in the AI landscape. #TetherAI #OpenSourceAI #PaoloArdoino #AIIntegration #OpenAI
Tether Tackles AI Security with Decentralized Models. 🛡️🧠

Stablecoin giant Tether is diving into the AI arena, developing decentralized AI models aimed at bolstering security and privacy. CEO Paolo Ardoino highlighted how these models could have prevented last year's OpenAI hack by keeping sensitive data on users' devices.

This initiative aligns with Tether's new AI division, which focuses on building open-source, multimodal models and integrating AI into real-world products. The company's investments in AI firms like the Northern Data Group further underscore its commitment to this burgeoning field.

While the project is still a work in progress, Tether's foray into decentralized AI signals a significant step towards enhancing system resilience and user control in the AI landscape.

#TetherAI #OpenSourceAI #PaoloArdoino #AIIntegration #OpenAI
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Tether Acted Bravely and Raised Security Standards in the Crypto Space. 💪🏻🛡️ In a groundbreaking stride towards fortifying security, Tether, the driving force behind the largest stablecoin, has introduced a pioneering wallet-freezing policy. This proactive measure, revealed on December 1, 2023, aligns with U.S. Office of Foreign Asset Controls (OFAC) regulations, specifically targeting individuals on the Specially Designated Nationals (SDN) List. Strategic Security Measures Under the guidance of Tether's new CEO, Paolo Ardoino, the initiative aims to curb the misuse of Tether tokens. This underscores Tether's unwavering commitment to complying with existing laws and bolstering overall platform security. CEO's Vision Paolo Ardoino, transitioning from CTO to CEO, emphasizes Tether's dedication to upholding high safety standards. This move signifies a bid to strengthen Tether's ties with global law enforcement and regulatory bodies. Freezing Protocol The new policy involves freezing wallets listed on the OFAC's SDN List, encompassing both existing and future additions. This strategic decision is geared towards preventing token misuse, emphasizing Tether's commitment to regulatory compliance. Shift in Compliance Approach Tether, previously cautious about freezing wallets tied to sanctioned entities, now takes a resolute stance on compliance and security. Blockchain records reveal Tether blacklisting contract addresses associated with the Tornado Cash protocol. Industry Impact Anticipated to set a new industry standard by prioritizing user safety and contributing to overall market integrity. Positions Tether as a frontrunner in championing a secure environment for stablecoin usage. Leadership Initiative Paolo Ardoino's leadership mirrors Tether's dedication to evolving with industry needs and challenges. Tether aims to forge close collaborations with global regulators and law enforcement to ensure a stable and secure environment for digital asset transactions. #Tether #OFAC #PaoloArdoino #SDN #USDT
Tether Acted Bravely and Raised Security Standards in the Crypto Space. 💪🏻🛡️

In a groundbreaking stride towards fortifying security, Tether, the driving force behind the largest stablecoin, has introduced a pioneering wallet-freezing policy. This proactive measure, revealed on December 1, 2023, aligns with U.S. Office of Foreign Asset Controls (OFAC) regulations, specifically targeting individuals on the Specially Designated Nationals (SDN) List.

Strategic Security Measures

Under the guidance of Tether's new CEO, Paolo Ardoino, the initiative aims to curb the misuse of Tether tokens. This underscores Tether's unwavering commitment to complying with existing laws and bolstering overall platform security.

CEO's Vision

Paolo Ardoino, transitioning from CTO to CEO, emphasizes Tether's dedication to upholding high safety standards. This move signifies a bid to strengthen Tether's ties with global law enforcement and regulatory bodies.

Freezing Protocol

The new policy involves freezing wallets listed on the OFAC's SDN List, encompassing both existing and future additions. This strategic decision is geared towards preventing token misuse, emphasizing Tether's commitment to regulatory compliance.

Shift in Compliance Approach

Tether, previously cautious about freezing wallets tied to sanctioned entities, now takes a resolute stance on compliance and security. Blockchain records reveal Tether blacklisting contract addresses associated with the Tornado Cash protocol.

Industry Impact

Anticipated to set a new industry standard by prioritizing user safety and contributing to overall market integrity. Positions Tether as a frontrunner in championing a secure environment for stablecoin usage.

Leadership Initiative

Paolo Ardoino's leadership mirrors Tether's dedication to evolving with industry needs and challenges. Tether aims to forge close collaborations with global regulators and law enforcement to ensure a stable and secure environment for digital asset transactions.

#Tether #OFAC #PaoloArdoino #SDN #USDT
Tether Appoints Paolo Ardoino as CEOPost By: CryptosHeadlines.com Tether, the popular stablecoin provider, has made a significant change in its leadership by naming Paolo Ardoino as the new CEO. This move comes as Tether expands into various new business areas. Tether, the company behind the popular stablecoin Tether (USDT), has appointed Paolo Ardoino as its new CEO. Jean-Louis van der Velde, the former CEO, will continue to support the company but in an advisory capacity. This leadership change comes as Tether diversifies its business into new areas and begins investing in Bitcoin. Members of the crypto community have welcomed Ardoino’s appointment. Tether Appoints Paolo Ardoino as CEO Tether, in an official announcement on October 13, revealed that Paolo Ardoino will be the new CEO, taking on the role in December 2023. The current CEO, Jean-Louis van der Velde, will transition to an advisory role. Ardoino currently serves as the CTO of Bitfinex and the Chief Strategy Officer for Holepunch. Jean-Louis van der Velde expressed his confidence in Ardoino, stating that he believes Tether will continue its growth and focus on emerging markets and transformative technology under his leadership. Ardoino shared the news on X, and his appointment was met with congratulations from notable figures in the crypto community, including Justin Sun and Gabor Gurbacs. Tether’s appointment of Paolo Ardoino as CEO is part of a strategic transition aimed at aligning with the company’s long-term goals, as stated in the press release. This move positions Ardoino to further strengthen Tether’s position within the crypto industry while expanding into new areas. Additionally, Tether has initiated investments in Bitcoin. Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice. #Bitcoin #CryptoNews #PaoloArdoino #Tether #USDT

Tether Appoints Paolo Ardoino as CEO

Post By: CryptosHeadlines.com

Tether, the popular stablecoin provider, has made a significant change in its leadership by naming Paolo Ardoino as the new CEO. This move comes as Tether expands into various new business areas.
Tether, the company behind the popular stablecoin Tether (USDT), has appointed Paolo Ardoino as its new CEO. Jean-Louis van der Velde, the former CEO, will continue to support the company but in an advisory capacity. This leadership change comes as Tether diversifies its business into new areas and begins investing in Bitcoin. Members of the crypto community have welcomed Ardoino’s appointment.
Tether Appoints Paolo Ardoino as CEO
Tether, in an official announcement on October 13, revealed that Paolo Ardoino will be the new CEO, taking on the role in December 2023. The current CEO, Jean-Louis van der Velde, will transition to an advisory role. Ardoino currently serves as the CTO of Bitfinex and the Chief Strategy Officer for Holepunch.
Jean-Louis van der Velde expressed his confidence in Ardoino, stating that he believes Tether will continue its growth and focus on emerging markets and transformative technology under his leadership.
Ardoino shared the news on X, and his appointment was met with congratulations from notable figures in the crypto community, including Justin Sun and Gabor Gurbacs.
Tether’s appointment of Paolo Ardoino as CEO is part of a strategic transition aimed at aligning with the company’s long-term goals, as stated in the press release. This move positions Ardoino to further strengthen Tether’s position within the crypto industry while expanding into new areas. Additionally, Tether has initiated investments in Bitcoin.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #PaoloArdoino #Tether #USDT
Tether's newly appointed CEO, Paolo Ardoino, has revealed plans to create a real-world ecosystem through the stablecoin. This move indicates Tether's intentions to expand its utility and impact beyond the cryptocurrency space. 🌐💼💱 #Tether #Stablecoin #Cryptocurrency #PaoloArdoino
Tether's newly appointed CEO, Paolo Ardoino, has revealed plans to create a real-world ecosystem through the stablecoin. This move indicates Tether's intentions to expand its utility and impact beyond the cryptocurrency space. 🌐💼💱 #Tether #Stablecoin #Cryptocurrency #PaoloArdoino
Tether Expects $700 Million Profit In Q1, Boosting Excess Reserves Over $1 BillionCryptocurrency firm Tether has announced that it is estimating a $700 million profit in the first quarter of 2023. This would bring the company’s excess reserves to over $1 billion for the first time in its history, Paolo Ardoino, Tether’s chief technology officer says to CNBC. Tether is the issuer of the USDT stablecoin, which is pegged one-to-one with the U.S. dollar. Stablecoins like USDT are used by traders to move in and out of different cryptocurrencies without the need to convert money back into fiat currencies. Over the years, stablecoin issuers have been criticized for not being transparent enough with the type of assets they hold in their reserve to back their digital currency. Tether has come under scrutiny in the past for holding commercial paper, or short-term, unsecured debt that is issued by companies, but without revealing the type of firms or geographical location of companies it had brought the debt from. However, Tether eventually sold all of its commercial holdings and moved into U.S. Treasurys, which are considered a more stable and reliable asset. The company produces so-called attestations, which are reports produced by an auditor to attest to the company’s reserves and the assets it holds. The last report Tether released covering the December quarter showed it had more assets than liabilities, and in February the company announced that it made $700 million in profit in the December quarter. Tether’s chief technology officer, Paolo Ardoino, has said that the company expects to increase its excess reserves by another $700 million in the current quarter, which is not yet over. This would take Tether’s excess reserves to $1.66 billion and would mark the first time that the company crosses the $1 billion mark. Tether generates revenue through various fees, such as a $1,000 withdrawal fee (with a minimum withdrawal requirement amount of $100,000), from investments in digital tokens and precious metals, and from issuing loans to other institutions. The announcement of Tether’s expected profits and increased excess reserves will likely generate interest in the stablecoin market, particularly as the company continues to improve its transparency and reliability. #Tether #USDT #PaoloArdoino #crypto2023 #azcoinnews This article was republished from azcoinnews.com

Tether Expects $700 Million Profit In Q1, Boosting Excess Reserves Over $1 Billion

Cryptocurrency firm Tether has announced that it is estimating a $700 million profit in the first quarter of 2023. This would bring the company’s excess reserves to over $1 billion for the first time in its history, Paolo Ardoino, Tether’s chief technology officer says to CNBC.

Tether is the issuer of the USDT stablecoin, which is pegged one-to-one with the U.S. dollar. Stablecoins like USDT are used by traders to move in and out of different cryptocurrencies without the need to convert money back into fiat currencies.

Over the years, stablecoin issuers have been criticized for not being transparent enough with the type of assets they hold in their reserve to back their digital currency. Tether has come under scrutiny in the past for holding commercial paper, or short-term, unsecured debt that is issued by companies, but without revealing the type of firms or geographical location of companies it had brought the debt from.

However, Tether eventually sold all of its commercial holdings and moved into U.S. Treasurys, which are considered a more stable and reliable asset. The company produces so-called attestations, which are reports produced by an auditor to attest to the company’s reserves and the assets it holds.

The last report Tether released covering the December quarter showed it had more assets than liabilities, and in February the company announced that it made $700 million in profit in the December quarter.

Tether’s chief technology officer, Paolo Ardoino, has said that the company expects to increase its excess reserves by another $700 million in the current quarter, which is not yet over. This would take Tether’s excess reserves to $1.66 billion and would mark the first time that the company crosses the $1 billion mark.

Tether generates revenue through various fees, such as a $1,000 withdrawal fee (with a minimum withdrawal requirement amount of $100,000), from investments in digital tokens and precious metals, and from issuing loans to other institutions.

The announcement of Tether’s expected profits and increased excess reserves will likely generate interest in the stablecoin market, particularly as the company continues to improve its transparency and reliability.

#Tether #USDT #PaoloArdoino #crypto2023 #azcoinnews

This article was republished from azcoinnews.com

Tether Partnership with CityPay.io Strengthens Eastern Europe's Crypto Scene. 🤝💸👀 In a move to deepen its involvement in Eastern Europe's burgeoning cryptocurrency market, Tether, a leading stablecoin provider, has announced additional funding for CityPay.io, a Georgian crypto payment platform. This investment follows Tether's initial backing of CityPay.io in 2023, reaffirming its dedication to the platform's growth. CityPay.io facilitates the use of cryptocurrencies such as Bitcoin for transactions at various businesses, including popular chains like Wendy’s and Radisson Hotels. This move aims to enhance convenience and accessibility for crypto enthusiasts across Eastern Europe, with a particular focus on countries like Georgia, Armenia, Azerbaijan, Kazakhstan, and Uzbekistan. With over 600 service points already established in Georgia alone, CityPay.io is poised for further expansion. Plans include the introduction of e-wallet and card solutions within the next two years, along with the ambitious goal of setting up more than 500,000 cryptocurrency payment points across the region. Paolo Ardoino, CEO of Tether, expressed optimism about the partnership, citing previous successes in expanding cryptocurrency adoption in Georgia. This collaboration also underscores Georgia's supportive stance towards cryptocurrency initiatives, with CityPay.io actively engaging with governmental bodies in the country. A memorandum of understanding signed with Tether in June 2023 focuses on developing Bitcoin and peer-to-peer payment infrastructures within Georgia. Georgia's reputation as a crypto-friendly hub continues to grow, with major firms like Binance establishing a presence and the proliferation of Bitcoin ATMs in cities like Tbilisi. This collaboration between Tether and CityPay.io not only reflects the increasing adoption of cryptocurrencies but also highlights the potential for further innovation and integration within Eastern Europe's evolving crypto landscape. #Tether #Georgia #CityPay #PaoloArdoino
Tether Partnership with CityPay.io Strengthens Eastern Europe's Crypto Scene. 🤝💸👀

In a move to deepen its involvement in Eastern Europe's burgeoning cryptocurrency market, Tether, a leading stablecoin provider, has announced additional funding for CityPay.io, a Georgian crypto payment platform. This investment follows Tether's initial backing of CityPay.io in 2023, reaffirming its dedication to the platform's growth.

CityPay.io facilitates the use of cryptocurrencies such as Bitcoin for transactions at various businesses, including popular chains like Wendy’s and Radisson Hotels. This move aims to enhance convenience and accessibility for crypto enthusiasts across Eastern Europe, with a particular focus on countries like Georgia, Armenia, Azerbaijan, Kazakhstan, and Uzbekistan.

With over 600 service points already established in Georgia alone, CityPay.io is poised for further expansion. Plans include the introduction of e-wallet and card solutions within the next two years, along with the ambitious goal of setting up more than 500,000 cryptocurrency payment points across the region.

Paolo Ardoino, CEO of Tether, expressed optimism about the partnership, citing previous successes in expanding cryptocurrency adoption in Georgia. This collaboration also underscores Georgia's supportive stance towards cryptocurrency initiatives, with CityPay.io actively engaging with governmental bodies in the country. A memorandum of understanding signed with Tether in June 2023 focuses on developing Bitcoin and peer-to-peer payment infrastructures within Georgia.

Georgia's reputation as a crypto-friendly hub continues to grow, with major firms like Binance establishing a presence and the proliferation of Bitcoin ATMs in cities like Tbilisi. This collaboration between Tether and CityPay.io not only reflects the increasing adoption of cryptocurrencies but also highlights the potential for further innovation and integration within Eastern Europe's evolving crypto landscape.

#Tether #Georgia #CityPay #PaoloArdoino
🚨 Data Breach in Ambire #wallet🔥 ! 👀 On June 5th, hackers infiltrated GetResponse, an email service provider partnered with Ambire Wallet. 🙀 23,723 users received phishing emails promising cryptocurrency #Giveaways (avoid clicking on the links!). 🔒"Ambire Wallet accounts remain secure." Earlier, Tether CEO #PaoloArdoino warned about phishing emails from the compromised service provider.🧐 #TopCoinsJune2024 #BTC
🚨 Data Breach in Ambire #wallet🔥 !

👀 On June 5th, hackers infiltrated GetResponse, an email service provider partnered with Ambire Wallet.

🙀 23,723 users received phishing emails promising cryptocurrency #Giveaways (avoid clicking on the links!).

🔒"Ambire Wallet accounts remain secure."

Earlier, Tether CEO #PaoloArdoino warned about phishing emails from the compromised service provider.🧐
#TopCoinsJune2024 #BTC
🔥🔥🔥 Tether CEO Highlights USDT’s Key Role in Boosting US Dollar Demand in Emerging Markets #PaoloArdoino , the CEO of Tether, recently emphasized the crucial role of USDT in boosting demand for the US dollar in emerging markets. At a recent conference, he highlighted that over 300 million people consider USDT as a digital dollar, providing access to millions who lack traditional banking services. This financial instrument simplifies money transfers and savings by eliminating the inefficiencies of conventional banking systems. For many in developing countries, USDT acts as a safeguard against hyperinflation and currency devaluation. Ardoino also pointed out Tether's significant impact on global finance through its status as one of the largest buyers of US Treasury Bills. As of March 31, 2024, Tether held approximately $90.87 billion worth of these bonds, demonstrating its strong integration with traditional finance. These substantial investments in American government securities underscore Tether's stability, reinforcing demand for US public debt while linking cryptocurrencies to conventional markets. With a market capitalization exceeding $112 billion, USDT dominates about 70% of the #stablecoin market and surpasses #bitcoin☀️ in trading volumes. Despite scrutiny from regulatory authorities, it remains highly demanded in countries like Nigeria, Turkey, Thailand, and Brazil. Additionally, a Chainalysis report confirmed the global appetite for stablecoins, reflecting USDT's consistent growth. In summary, Tether's strategic positioning within the global financial system, coupled with its robust integration with traditional financial instruments, underscores its critical role in both emerging markets and global finance. Source - coinspress.com #cryptotrends #BinanceSquareTalks
🔥🔥🔥 Tether CEO Highlights USDT’s Key Role in Boosting US Dollar Demand in Emerging Markets

#PaoloArdoino , the CEO of Tether, recently emphasized the crucial role of USDT in boosting demand for the US dollar in emerging markets. At a recent conference, he highlighted that over 300 million people consider USDT as a digital dollar, providing access to millions who lack traditional banking services. This financial instrument simplifies money transfers and savings by eliminating the inefficiencies of conventional banking systems. For many in developing countries, USDT acts as a safeguard against hyperinflation and currency devaluation.

Ardoino also pointed out Tether's significant impact on global finance through its status as one of the largest buyers of US Treasury Bills. As of March 31, 2024, Tether held approximately $90.87 billion worth of these bonds, demonstrating its strong integration with traditional finance. These substantial investments in American government securities underscore Tether's stability, reinforcing demand for US public debt while linking cryptocurrencies to conventional markets.

With a market capitalization exceeding $112 billion, USDT dominates about 70% of the #stablecoin market and surpasses #bitcoin☀️ in trading volumes. Despite scrutiny from regulatory authorities, it remains highly demanded in countries like Nigeria, Turkey, Thailand, and Brazil. Additionally, a Chainalysis report confirmed the global appetite for stablecoins, reflecting USDT's consistent growth.

In summary, Tether's strategic positioning within the global financial system, coupled with its robust integration with traditional financial instruments, underscores its critical role in both emerging markets and global finance.

Source - coinspress.com

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