We Study Billionaires - The Investor’s Podcast Network BTC223: Tether's 13.7 Billion in Profits w/ Paolo Ardoino (Bitcoin Podcast)
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Feb 26, 2025 
Paolo Ardoino, the Chief Technology Officer of Tether, dives into Tether’s stunning $13.7 billion profit, revealing insights from its operational strategies and a potential Wall Street stablecoin competition. He discusses Tether’s bold expansion into El Salvador and its innovative AI projects. The conversation touches on the implications of running on the Lightning Network for future transactions and the possibilities of tokenized equity in the UAE, all framed within Tether's vision for decentralization and financial accessibility.
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Tether's Operational Efficiency
- Tether prioritizes reserve management and compliance to ensure immediate redemption.
- Over-collateralization by 5% and investments in Bitcoin and gold provide stability.
Wall Street's Interest in Stablecoins
- Preston Pysh observes that Wall Street banks might see Tether's profit margin as an opportunity.
- He questions how Tether will handle increased competition in the stablecoin space.
Tether's Distribution Network
- Tether's success comes from its vast physical and digital distribution network, reaching unbanked populations.
- This network's value extends beyond stablecoins, offering potential for education and other applications.
