Tether Announces P2P Financial Markets Terminal Using Holepunch Technology

2024-5-18 18:25

Tether, the issuer of the USDT stablecoin, plans to develop a peer-to-peer financial markets terminal leveraging Holepunch technology.

CEO Paolo Ardoino announced on X that Tether will invest substantial resources into this initiative.

Tether Plans P2P Financial Markets Terminal

According to Ardoino, the company would aim to replicate USDT’s success within financial markets by eliminating monopolistic intermediaries.

“Any exchange in the world would maximise the revenues from its own data, while keeping direct control of its usage. Financial markets would be much more resilient as a result of this change, and the world would likely be a better place,” Ardoino added.

While specific product details are unavailable, Ardoino indicated that the P2P platform would decentralize financial market data infrastructure. Furthermore, he said the terminal would be built using Holepunch technology.

Holepunch is a platform designed to create apps without requiring centralized data storage, enabling easy deployment. Tether is a significant investor in this technology.

This announcement shows Tether’s strategy to diversify beyond its flagship USDT stablecoin. The company recently restructured its operations into four distinct sectors—finance, data, education, and power.

Tether Finance oversees its multibillion-dollar USDT and other digital assets. Meanwhile, the firm’s Power unit focuses on sustainable Bitcoin mining activities.

Read more: How to Buy and Store the Different Types of Tether

On the other hand, Tether Data will invest in P2P technology and artificial intelligence, with existing investments in Northern Data Group and Holepunch.

Remarkably, Tether acquired a majority stake in brain-computer interface company BlackRock Neurotech via its venture capital division, Tether Evo. Ardoino said this investment showed that the firm believed in nurturing emerging technologies with transformative capabilities.

Meanwhile, these diversification efforts come during Tether’s peak financial performance. During the past year, the firm’s USDT market cap has climbed past $110 billion and generated substantial quarterly profits. Additionally, USDT accounts for around 70% of the stablecoin market, according to DeFillama data.

Read more: What Is a Stablecoin? A Beginner’s Guide

Tether Tokens In Circulation. Source: Tether

However, Tether faces increasing regulatory challenges. Reports emerged that the crypto exchange Kraken could delist the stablecoin for its European users. Ripple CEO Brad Garlinghouse also recently claimed that the US government might target the stablecoin issuer.

The post Tether Announces P2P Financial Markets Terminal Using Holepunch Technology appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Formosa Financial (FMF) на Currencies.ru

$ 0.0004577 (+0.00%)
Объем 24H $0
Изменеия 24h: -0.11 %, 7d: 98.23 %
Cегодня L: $0.0004538 - H: $0.0004624
Капитализация $394.44k Rank 99999
Доступно / Всего 861.833m FMF

financial using technology tether terminal holepunch markets

Источник: beincrypto.com

financial using → Результатов: 126


Фото:

Human Rights Foundation launches Finney Freedom Prize to reward contributions to Bitcoin for 110 years

The Human Rights Foundation (HRF) unveiled the Finney Freedom Prize on Bitcoin’s fourth halving day to celebrate the flagship crypto for enabling greater financial freedom for the world. The award is designed to honor significant global achievements in Bitcoin and human rights, reflecting Finney’s vision of using technology as a tool for liberation.

2024-4-20 03:22


Фото:

Hong Kong issues regulatory standards for tokenized financial products

The Hong Kong Monetary Authority (HKMA) unveiled comprehensive regulatory standards on Feb. 20 for the sale and distribution of tokenized financial products by authorized institutions. The initiative aims to foster innovation while ensuring robust consumer protection within the burgeoning field of tokenization, where real-world assets (RWA) are digitally represented using distributed ledger technology or similar […] The post Hong Kong issues regulatory standards for tokenized financial products appeared first on CryptoSlate.

2024-2-21 22:38


Фото:

Ethereum Layer-2 Scene Booming, Base Cumulative Revenue Exceeds $10 Million

Base, a layer-2 scaling solution for Ethereum built using the Optimism technology stack, has earned over $10 million in cumulative revenue since launching in early August 2023.  Taking to X on November 28, Erick Smith, the chief investment officer of 401 Financial, citing Token Terminal’s data, shared layer 2’s steady growth in revenue. Notably, as […]

2023-11-29 06:00


Фото:

DeFi Platform XETA Genesis Yields Millions Through Advanced High-Frequency Trading Algorithms

XETA Genesis, a DeFi platform is offering up to 20% monthly returns through its Genesis accounts and pools. Since its launch in July 2022, XETA Genesis has been using high-frequency trading algorithms across a diverse spectrum of financial markets including gold futures, forex, gold EFTs, and other precious metals to ensure consistence performance. By leveraging […]

2023-10-27 11:43


Фото:

VISA Explores the Potential of Smart Contracts for Payments with Ethereum

Global financial services behemoth VISA recently shared a range of significant milestones in its ongoing pursuit of digital asset payments and seamless crypto onboarding. In a blog titled “Rethinking Digital Transactions with Account Abstraction” earlier this week, the firm disclosed it is now exploring how gas fees can be redesigned using Account Abstraction on the […]

2023-5-27 19:58


Mastercard has introduced a new service that will allow users to make cross-border transfers using cryptocurrency.

Mastercard has introduced a new service that will allow users to make cross-border transfers using cryptocurrency. The service, called Crypto Credentials, enables banks and other financial institutions to securely store and verify a user’s cryptocurrency information, such as their wallet address and transaction history.

2023-4-29 17:38


Top Metaverse projects get a boost from Fidelity Investments – Can Metacade grow too?

US multinational financial services provider Fidelity Investments has announced its intentions to launch its own metaverse project, The Fidelity Stack. Using Decentraland’s virtual reality digital real estate platform, The Fidelity Stack is being touted as an “immersive metaverse experience” in which players are invited to complete the Invest Quest challenge.

2023-2-4 20:49


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Kraken May Drop USDT in the EU Amid New MiCA Regulations

Kraken might withdraw USDT support in the EU due to MiCA regulations. This reflects a trend among exchanges reassessing stablecoin listings. The post Kraken May Drop USDT in the EU Amid New MiCA Regulations appeared first on BeInCrypto.

Tether Posts Record Quarterly Profits of $4.52 Billion

Tether reports a Q1 profit of $4.52 billion, mainly from U.S. Treasury bonds, marking a significant increase in financial transparency and stability. The post Tether Posts Record Quarterly Profits of $4.52 Billion appeared first on BeInCrypto.