Eddy

Passionate about Blockchain and the future of digital assets

[Tether Gold @tethergold]

Tether Gold (XAU₮) is now live on @nanovest_io

[Eddy @EddyCNg]

@paoloardoino Let’s go 🚀

[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

[Eddy @EddyCNg]

@vfsglobalcare Have sent you a DM, thank you

[Eddy @EddyCNg]

@vfsglobalcare hi VFS care, i have my visa application to the Netherlands from Indonesia, the process is still ongoing however i need my passport for a short trip which i have been scheduled for in a week time. Is there anyway i can take my passport first?

[Tether @tether]

Tether Collaborates with Reku to Strengthen Crypto Literacy in Indonesia

Read more:
https://t.co/9XmwLNra2Z

[Eddy @EddyCNg]

@veve_official Cannot KYC, if document is not on their list

[Amartya NFT @AmartyaNFT]

See the magic in Kirana's weapon. Not only is she a stunner, she's also equipped with claws that are sharpened to deadly perfection.

It's the type of claw you can't afford to ignore, can you?

[CZ 🔶 BNB @cz_binance]

@Eunicedwong Crypto industry is getting cleaner. The process is a bit painful, though.

[Eunice D Wong 🦄 @Eunicedwong]

Crypto is not dead. Far from it.

[Arthur GT | FiLLiquid @arthurtankl]

Once, was merely a manifestation

Today, our very own podcast series is officially live on Spotify 😎

Tune in, listen out &amp; give us your feedbacks how we can further improve.

Stay tuned with the next one!

@metapacgroup @EddyCNg @yvonnevon_ @tsezuu
https://t.co/5snMCQPjjz

[MET△PAC @metapacgroup]

The launch of #𝐕𝐂𝐂𝐎𝐍𝐍𝐄𝐂𝐓 by #𝐌𝐞𝐭�#𝐌𝐞𝐭𝐚𝐩𝐚𝐜𝐕𝐞𝐧𝐭𝐮𝐫𝐞 🔥

Tune in to Episode #1👇🏻
🗓: 27th Oct 2022
⏰: 10:00 pm (GMT+8)
📍: Twitter Space @metapacgroup

Host: @arthurtankl, CEO of @metapacgroup
Special Guest: @EddyCNg , Partner of OFU Venture

[D @deesontralize]

We are entering an age of financial colonialism 1/3

[Eddy @EddyCNg]

This is only the beginning @TokoinGlobal @TokoinIndonesia $TOKO #tokoin

[Eddy @EddyCNg]

@KyberNetwork #KyberSwapBestRates

[Eddy @EddyCNg]

@okx

[Amartya NFT @AmartyaNFT]

Smara, the most righteous Amartya, stands in the middle of the courtroom as the judge. For her, there's no right and wrong. She's there to restore the balance so they all can reach Nawasena.

[Block Tides @blocktides]

🏝 Here's the 1st Global Investor Night at Atlas Beach Fest in BALI last August 24, 2022! ✨

🌐 This event was co-hosted by Tokoin, Apac DAO, BlockTides, Asia Token Fund, and OFU Venture. 🙌

🎖With a track record of over 50+ meetups and 6K attendees from 20+ APAC countries 🌎

[AntonioReinhardWisesa @WisesaAntonio]

The auction has begun! 23ish hours until it ends.

Thank you so much for the first bid 💞 @nyanchantheanon !

[Eddy @EddyCNg]

Go Go Go!!!

[Block Tides @blocktides]

Bali 1st Global Investor Night at Atlas Beach Fest is live in BALI 🏝

This event Cohosted by: Tokoin, APAC DAO, BlockTides, Asia Token Fund, OFU Venture

🎖 With a track record of over 50+ meetups and 6K attendees from 20+ APAC countries 🌎

📅 24 August 2022