Framework Ventures co-founder Vance Spencer criticizes US stablecoin regulations, arguing they could undermine the dollar’s global dominance and stifle financial innovation by restricting foreign issuers’ access to the US Treasury market. The proposed GENIUS Act raises concerns about limiting competition and potentially pushing digital finance development abroad. Critics suggest that the regulations may prioritize domestic financial firms over broader economic stability, raising questions about the true motivations behind these policies.
about US Stablecoin Regulations Spark Controversy Over Economic Impact and InnovationPaolo
0 posts last weekGenerative AI and Its Impact on Central Banking Productivity
At the 4th Irving Fisher Committee and Bank of Italy Workshop, Paolo Angelini emphasized the transformative potential of Generative AI in central banking, noting its capacity to enhance global productivity by $2.6 – 4.4 trillion annually. Despite significant uncertainty in estimates, over 40% of corporations report a return on investment of 11-30% from advanced AI initiatives. The recent launch of the “R1” AI model by DeepSeek has sparked debate about the future of AI development and its implications for the tech industry.
about Generative AI and Its Impact on Central Banking ProductivityTether Reports Record Profits and Expands USDT to Bitcoin Network
Tether, the largest stablecoin issuer, reported a record profit of over $13 billion for 2024, more than doubling its 2023 earnings. The company also announced that its USDT stablecoin will soon be integrated with Bitcoin’s base layer and the Lightning Network, enhancing its role in global finance. Despite its success, Tether faces scrutiny regarding the transparency of its fiat reserves, with calls for independent audits growing amid its increasing prominence.
about Tether Reports Record Profits and Expands USDT to Bitcoin NetworkTether Achieves Record Profits and Expands Market Dominance in 2024
Tether reported record profits of over $13 billion in 2024, with total group equity surpassing $20 billion and US Treasury holdings reaching $113 billion. The stablecoin issuer’s market cap has grown to $140 billion, significantly outpacing competitors, while it continues to expand its investments and global presence.
about Tether Achieves Record Profits and Expands Market Dominance in 2024Tether Relocates Headquarters to El Salvador to Enhance Bitcoin Adoption
Tether has relocated its headquarters to El Salvador after obtaining a Digital Asset Service Provider (DASP) license, aligning with the country’s pro-Bitcoin policies. This move aims to enhance Bitcoin adoption and financial inclusion in underserved regions, as Tether seeks to leverage El Salvador’s supportive regulatory framework for developing new solutions.
about Tether Relocates Headquarters to El Salvador to Enhance Bitcoin AdoptionTether Expands AI Initiatives by Hiring Filmmakers for Brand Storytelling
Tether is expanding its AI initiatives by hiring AI filmmakers to enhance brand storytelling through innovative short films and videos. CEO Paolo Ardoino highlighted the strategic importance of this move for scalability and efficiency, as the company also recruits AI Inference Engineers and researchers globally. Despite challenges in the market, including a decline in USDT’s circulating supply, the stablecoin remains the largest by market cap, controlling about 70% of the market.
about Tether Expands AI Initiatives by Hiring Filmmakers for Brand Storytelling