Content Directory:

· Tether to launch RWA platform soon

· New Tether executive focuses on P2P, energy, and Bitcoin mining businesses

Tether is about to launch its RWA platform

On October 14th, Paolo Ardoino, who is about to become the CEO of Tether, stated on social media that the "Tether Real World Ecosystem (RWE)" is about to be launched.

Paolo Ardoino said in an interview with The Block that although Tether's USDT stablecoin "remains a key product and the company will remain focused on its growth, the company is also expanding into new areas. Tether will soon announce a new platform that leverages Tether's experience in building financial technology and focuses on real-world assets (RWA)."

Previously, reported that Paolo Ardoino will be appointed as the CEO of Tether in December. The current CEO of Tether, Jean-Louis van der Velde, will serve as a Tether advisor and retain his position as Bitfinex CEO. The goal is for Tether to become a "technology-centered organization".

Tether's new official takes office, focusing on P2P, energy, and Bitcoin mining business

On September 22nd, Paolo Ardoino announced on his social media platform that Tether's new global strategy will be fully implemented by 2024. According to his implication, the new global strategy may include investment and financing cooperation, AI, new energy Bitcoin mining, education, and global business expansion. The announcement was made in a post that included a hyperlink to an article on The Block Beats website, which has not been translated.

On August 18th, Paolo Ardoino announced that Tether will release three major products by the end of this year. During a podcast interview with host Pomp, Paolo discussed the rise of stablecoins, fund management, ensuring actual USD support for pegging, regulation and auditing, banks, FDIC insurance, and Tether's diversification. The announcement was reported by The Block Beats.

Related reading: "Dialogue with Tether CTO: Revealing the Truth about Stablecoin Reserves"

Paolo emphasized that the world is full of uncertainty, and Tether hopes to provide additional protection for users by diversifying its investment portfolio. Considering the large amount of US Treasury bonds held in its reserves, the company is considering small-scale asset diversification.

Paolo mentioned that Tether is expanding its stablecoin business, while also expanding into other areas such as energy production, Bitcoin mining, and communication. Tether's ongoing educational projects not only involve cryptocurrencies, but also other fields. Paolo stated that they believe that the informatization of education is a key point for future human development, so Tether is also investing in this area.

Last July, Tether collaborated with Bitfinex and the Hypercore open source protocol team to launch Keet, a peer-to-peer (P2P) encrypted communication application based on the underlying technology Holepunch. On August 19th, Paolo Ardoino announced on social media that they are testing a new mobile application called Keet. The app will provide true P2P voice calls, blind mirroring, and product stability. Once released, the team will focus on functionality, integration, and the P2P plugin market. He emphasized that the app will always be free and there will be no central infrastructure.

Additionally, on August 10th, Paolo Ardoino stated that Tether will launch a mobile application that is fully based on USDT and XAUT for B2B, B2C, and C2C international procurement settlements. This solution supports direct payments, escrow, dispute resolution platforms, and will support the Bitcoin Lightning Network. The application is currently in the testing phase and will be launched soon.

Tether partnered with an undisclosed "local licensed company" in Uruguay in May of this year to enter the energy production and Bitcoin mining fields. In June, Tether also announced support for Max Keiser's startup company Volcano Energy, which is building a Bitcoin mining farm in El Salvador.

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