Tether un raggio di stabilità nel chaos con Paolo Ardoino

Thank you. Today I want to present Tether but also have a discussion. The title: Tether is a ray of stability in chaos. Why chaos and stability? A journalist asked me to define Tether in two words. He suggested 'stablecoin company' but I said no, that's reductive. Our mission is to bring stability to society. We are the stable company. Chaos and entropy are constants as the universe expands. We need stability as humans and communities. I consider four aspects for a stable society. First, financial stability: Tether started in 2014 with USDT, the first stablecoin and digital dollar on blockchain. USDT now has over 500 million users, mainly in emerging markets. We surpassed 183 billion market cap, growing 1 billion every two or three days. This growth isn't just because we're good, but because the world is heading toward chaos and darkness. Inflation is rising, social disparities are increasing. There is a risk of further instability from AI systems controlled by big tech. Financial stability is fundamental. Without it, families cannot build anything, and we see declining birth rates. To counteract financial degradation, we started in boutique developing countries where we can see immediate results. For example, in Bolivia, the national currency is disintegrating against the dollar. The central bank now lists conversion rates for USDT at 17:1 versus the official 7:1, showing USDT is the most liquid currency there. USDT is bringing stability to Bolivia. But stability is relative. In Switzerland, USDT doesn't add stability; for the US, Bitcoin is needed. Second, communication stability: Financial freedom without freedom of speech is insufficient. In Europe, chat control laws and the digital euro are being pushed, which I see as despotic and dystopian, similar to what Europe criticizes China for. Europe is undermining liberties under the guise of security. Without chat control and monetary control, Europe fears disintegration. They want to control messages and digital wallets. We see in the UK people jailed for tweets. Combining chat control with digital euro could lead to social credit systems. We at Tether invest in projects like Keet and Pearl to defend freedom of speech. Third, energy stability: In Africa, 600 million people lack electricity. We invested in a company creating solar kiosks with rechargeable batteries. For $3 per month, people can charge batteries four times. We have 500 kiosks and over 500,000 subscribers. By 2030, we plan 100,000 kiosks, bringing electricity to 20-30 million homes and 120 million people. This is sustainable. Fourth, intelligence stability: Yesterday we launched cVAK, an AI platform that runs entirely on personal devices. The cloud is a lie; it centralizes your data. Big tech profits from your private information. AI on your device protects your privacy. Not your AI, not your intelligence. We must avoid delegating our thinking to centralized AI, which would be detrimental. We need local AI and communication. That's our approach. I'm open to questions.