News with the tag "paolo ardoino"

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Tether announces the discontinuation of USDT support on five legacy blockchains to focus on more scalable and active platforms, while also expanding its market cap to a new high.

Tether CEO Paolo Ardoino announced the company's goal to become the world's largest Bitcoin miner by 2025, while also expanding its reserve strategy to include significant gold holdings.

Tether has built an $8 billion gold reserve stored in a private Swiss vault, representing 5% of its $112 billion reserve portfolio, to reduce custody costs and diversify from pure fiat exposure.