Closingthegap

[Closingthegap @AYB170]

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[Tether @tether]

Tether Signs MoU with the Republic of Guinea to Accelerate Digital Transformation and Economic Growth Through Blockchain Technology

Read more:
https://t.co/BWEOXdViAo

[ETHiopia @ETHiopia____]

TETHER x ETHIOPIA

Collaborations only make sense when values align

That’s why teaming up with @tether felt so right

Their dedication to empowering people and nations through technology couldn't match ETHiopia’s mission more:
- tackling local challenges
- driving long-term growth
- fostering self-sustainability through innovation

Grateful for your support! 🤝

[Tether Africa @Tether_Africa]

Tether & @rezomoney are empowering the youth in Guinea 🇬🇳
The first workshop introduced 500 students at Kofi Annan University in Conakry to Bitcoin and Stablecoin. With 60% of the population under 25, the future of blockchain innovation here is bright! 🌍
https://t.co/7b5uBcOCdF

[Tether Africa @Tether_Africa]

https://t.co/xJbekW8fOQ

[rezomoney @rezomoney]

Hello la Guinée 🇬🇳👋🏼,

Nous somme heureux d’animer une campagne de vulgarisation sur la #blockchain, le #bitcoin et les stablecoins ce Vendredi 29 Novembre à l’université Koffi Annan de Guinée.

Nous vous attendons massivement 😎🔥🔥🔥

[Sorted @sortedwallet]

🚀 Unlock the future of financial inclusion!

Our e-book is here—exploring how feature phones empower underserved communities in emerging markets.

📖 Download your free copy now:
https://t.co/Pbqer0crkY

Many thanks to @Tether_Africa for collaborating with us! 🌍

#SortedWallet #CryptoForGood #FinancialInclusion

[Tether Africa @Tether_Africa]

We are thrilled to be a Sponsor of the Africa Bitcoin Conference in Nairobi Kenya! Come find the Tether booth to learn more about our recent product releases, including WDK by Tether (https://t.co/sSIHAZFoDy )

https://t.co/c7ibELeOsD

[Paolo Ardoino 🤖 @paoloardoino]

132B $USDt

[Paolo Ardoino 🤖 @paoloardoino]

🦁

Tether mette a segno un utile netto di 7,7 miliardi di dollari nei primi nove mesi dell’anno

https://t.co/uk4981PzBJ

[Tether Africa @Tether_Africa]

🎉 Cheers to @AfricaBlockInst for kicking off university education tours across Africa, from Ivory Coast to Benin! Sponsored by Tether, @Telegram, and @TON_Blockchain—empowering the next generation in blockchain!

[Paolo Ardoino 🤖 @paoloardoino]

Tether released attestation for Q3/2024.
Another impressive quarter.

Summary as of 30 September 2024 for the companies managing stablecoins' reserves:

- $2.4 billion Q3/2024 net profits (~$1.3 billion deriving from U.S. Treasuries exposures and ~$1.1 billion from gold holdings)
- $102.5 billion in U.S. treasuries exposures, putting Tether at the 18th place in global government ranking, above Germany, Australia and UAE
- $6+ billion in excess reserves (on top of the 100% reserves in liquid assets that back all issued tokens)
- 30% growth in $USDt market cap year-to-date, equivalent to almost our closest competitor's total market cap

Additional information for the entire Tether Group:
- $134.4 billion in Group's consolidated total assets
- $7.7 billion equity in Tether Investments arm (separated from Tether's Stablecoins' reserves), including additional 7100 #bitcoin

Current outlook for Q4/2024 is very positive.

Our team at Tether Insights recently released a research thread ( https://t.co/uUy5F6FDQ3 ) demonstrating a total of 330 million on-chain wallets and accounts ever receiving $USDt, not even counting the several tens of millions of users that hold and transact in $USDt only through centralised exchanges.
On top of that, the growth of new on-chain $USDt wallets per quarter seems to be accelerating very fast, reaching the staggering amount of more than 35 million new addresses per quarter.

The numbers above are extremely significant, especially because the majority of $USDt usage is concentrated in developing countries and emerging markets. It's evident that $USDt is the digital dollar for hundreds of millions of people who have been left behind by the banking industry because they are too poor and not generating enough commissions on a yearly basis to justify opening a bank account for them.

While the Western World has been talking about financial inclusion, as the motto and one of the main goals of the 21st century, little has been achieved by most companies, apart from hyperbolic marketing stunts. That's called "Financial Inclusion washing".
But since inception in 2014, Tether created a product, $USDt, that truly serves the underserved, the last mile, the normal people, the ones that don't have access to the tens of different payment options that richer countries have to offer to their citizens, the ones that are living in developing countries, the ones that work far from their families to build a better future for their children. Today $USDt helps more than 400 million people, but 3 billion people, almost half of the world population, still do not have access to basic financial services.
At Tether we’re proud to lead the change towards a more open, transparent and inclusive financial world.

Facts > Words

Thanks everyone <3

P.S. Happy Birthday #bitcoin

[Paolo Ardoino 🤖 @paoloardoino]

Tether reiterated the stablecoin issuer’s interest in providing U.S. dollars to the unbanked billions worldwide.
https://t.co/VB2hfSjHHq #Regulation #Stablecoin #Tether

[Paolo Ardoino 🤖 @paoloardoino]

This will be epic.

[Tether Africa @Tether_Africa]

Tether is making waves at #SeamlessAfrica! 🌍 Blockchain and USD₮ are revolutionizing payments across Africa, boosting financial inclusion, and powering faster, more secure transactions. A true game-changer for the future of finance on the continent! #USDT $USDT

[Paolo Ardoino 🤖 @paoloardoino]

Today is the 10th anniversary of $USDT and @tether ✨

Tether has built its company on a simple mission: bring financial inclusion to the billions of people, primarily living in developing countries, that can't have bank accounts (because they're not generating enough revenues for the traditional banking industry) or that live in high inflation countries.
Today hundreds of millions around the world are already using $USDt as their digital dollar, in their everyday life. And tens of millions of new wallets are added per quarter.

Our focus has always been (and will always be) the last mile. Rich people have already tens of ways to transact and store wealth. We build financial tech for the people left behind.

Tether has become a symbol of disintermediation, resilience and stability.
From Financial tools (stablecoins) to tele-communications (keet, 🍐🍐), from Artificial Intelligence (👀🤖) to unstoppable education and energy, we believe in the importance of empowering people, communities, cities and entire countries.

Enjoy our documentary below 👇

Thanks for the trust ♥️

[Paolo Ardoino 🤖 @paoloardoino]

GM

Very interesting.
$USDt is the digital dollar for the last mile, for everyone, widely used in developing countries.

[Paolo Ardoino 🤖 @paoloardoino]

Here's the speech of @howardlutnick , Chairman of Cantor Fitzgerald, at #Bitcoin2024

#bitcoin , #tether and more.

[Paolo Ardoino 🤖 @paoloardoino]

Tether $USDt has become, within only a 10 years lifespan, the financial and payment backbone of entire communities in developing countries.

- $USDt just crossed 109B market cap.
- Tether is one of the biggest holders of US treasury bills in the world, among top 20 countries (if we were a country).
- Tether's team has been working with over 124 LE across 40 countries to keep the ecosystem safe.

But Tether is more than just a stablecoin.
Our team mindset, vision and ethos is spanning across different industries: from P2P tele-communications to #Bitcoin mining, from education to Artificial Intelligence infrastructure (investments made outside stablecoin business/reserves).
Decentralisation and disintermediation are at the core of our philosophy.

Today we announce https://t.co/HYKmWwId88 , a website dedicated to our mission: creating financial, tech and educational tools to empower individuals, communities, cities and entire countries around the world, starting from the emerging markets.

Unstoppable Together.

[Paolo Ardoino 🤖 @paoloardoino]

Mr Stark:

1. Tether is not a U.S. company and does not operate in the U.S., nor solicit U.S users. Our core markets are the unbanked people in emerging markets and developing countries, billions of people left out from the financial system just because they're too poor to be of interest of the banking industry.

2. Tether not only verifies all primary market customers but also conducts enhanced due diligence on all it’s customers including the UBOs, directors, authorized signatories etc.

3. As well all customers are risk rated and periodically checked as part of our enhanced due diligence processes. These practices are in line with bank caliber AML programs.

4. We automatically, on an ongoing basis, monitor all customers for potential Sanctions and adverse media matches using World-Check.

5. Our transfers to and from our customers are screened with Chainalysis for links to potentially high risk wallets

6. Our compliance team helps secondary market users who have sent funds to contract or black hole wallets to recover their funds

7. Historically, Tether has frozen hundreds of millions of USDt working with law enforcement worldwide. Our response time and diligence in working with law enforcement and regulators is more efficient than any bank in the world. That's due to transparency of blockchain technology and our commitment to protect our users and company.

8. Tether has worked with law enforcement worldwide on over 200 cases, including several cases with US law enforcement.

9. Tether has already returned > USDt 100MM to victims to hacked individuals, exchanges and networks. While investigations reach to an end, more will be unlocked and returned to legitimate owners.

10. Tether Limited is registered with FinCEN, files suspicious activity reports (SAR) with FinCEN and is subject to Title 31 Examinations. The Tether Group also files SARs with the BVI FIA.

11. Tether regularly works with the FBI and DOJ on various cases.

12. Tether is a patron of INHOPE which seeks to combat CSAM.

13. Tether presented at the 9th Virtual Currencies Conference hosted by Europol earlier this month and participates at this conference annually.

14. Tether meets with regulators and law makers worldwide to discuss approaches to foster sustainable growth.

15. Tether is doing a fine job to protect its users, taking risk management extremely seriously, accruing additional reserves (excess equity) on top of its 100% reserves. That's widely better than many banks that recently have failed their customers all around the world (SVB, FRB, ...).

16. While the world (especially but not limited to MSM) has been obsessed with Tether for the last many years, several companies, public and private, among which some notable U.S. ones, failed their investors, taking insane amounts of risks. Risks that are far from Tether risk management policies.

17. We truly appreciate the interest in our company. The amount of scrutiny that Tether has been subject to, since 2014 helped our team to become stronger, better and more efficient.

18. Yet sometimes, this obsession with Tether could lead who is in charge of policing the market, to not properly check what's happening in its own backyard, as proven by recent history.

P.