Paolo Ardoino 🍐 Profile Banner
Paolo Ardoino 🍐 Profile
Paolo Ardoino 🍐

@paoloardoino

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CEO @tether_to + CTO @bitfinex + co-founder/CSO @holepunch_to / @keet_io (Views are my own) #bitcoin + P2P 🍐🍐

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Joined January 2010
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@paoloardoino
Paolo Ardoino 🍐
2 months
Tether Q4/2023 attestation is out. My summary: - profit for the quarter: $2.85B, of which ~$1B in net operational profit (mainly US t-bill interests), ~$1.85B from gold and #bitcoin holdings. - total profit for 2023: $6.2B. - cash & cash equivalents cover now 90% of all…
@Tether_to
Tether
2 months
Tether's Q4 Attestation: Reports $2.85 billion in Profit, Sets New Records in Excess Reserves of Cash and Cash Equivalent Backing Token in Circulation Read more:👉
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@paoloardoino
Paolo Ardoino 🍐
1 year
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@paoloardoino
Paolo Ardoino 🍐
1 year
#tether processed ~700M redemptions in last 24h. No issues. We keep going.
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@paoloardoino
Paolo Ardoino 🍐
2 years
This is the golden asteroid. There is so much gold that if we could get it (and maybe in 100 years we will), gold will become extremely common and cheap. No asteroid can bring us more #bitcoin
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@paoloardoino
Paolo Ardoino 🍐
2 years
#bitcoin 🇪🇺
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@paoloardoino
Paolo Ardoino 🍐
1 year
Tether does not have any plans to invest or lend money to FTX/Alameda. Full stop.
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@paoloardoino
Paolo Ardoino 🍐
2 years
GM Reminder that tether is honouring USDt redemptions at 1$ via . >300M redeemed in last 24h without a sweat drop.
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@paoloardoino
Paolo Ardoino 🍐
2 years
1/ 🇸🇻 🌋 Bitfinex and Tether have set up a relief fund to help the families of the people affected by the pandillas in El Salvador.
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@paoloardoino
Paolo Ardoino 🍐
2 years
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@paoloardoino
Paolo Ardoino 🍐
2 years
GM
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@paoloardoino
Paolo Ardoino 🍐
2 years
1/ I have been open about the attempts from some hedge funds that were trying to cause further panic on the market after TERRA/LUNA collapse. It really seemed from the beginning a coordinated attack, with a new wave of FUD, troll armies, clowns etc.
@BTC_Archive
Bitcoin Archive
2 years
💥JUST IN: Hedge funds have targeted Tether, borrowing hundreds of millions in loans to short USDT since Terra/Luna collapse.
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@paoloardoino
Paolo Ardoino 🍐
4 months
Tether just froze the Ledger exploiter address
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@paoloardoino
Paolo Ardoino 🍐
2 years
Yesterday was an historical moment for #tether In ~3 weeks you'll understand why 🍫 (Yes yes, announcement-ception)
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@paoloardoino
Paolo Ardoino 🍐
2 years
#bitcoin hodlers navigating last few weeks
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@paoloardoino
Paolo Ardoino 🍐
2 years
#Bitcoin is the hill many smart and talented people are prepared to die on. A once in a thousands years chance to bring back people and peers in control of their own future and wealth.
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@paoloardoino
Paolo Ardoino 🍐
1 year
#tether doesn't have any exposure to SVB
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@paoloardoino
Paolo Ardoino 🍐
11 months
Transparency is king. @Tether_to today has 2.5B+ USD (equivalent) in company own excess reserves. What company own excess reserves mean? It means that Tether, on top of the 100% reserves necessary to back issued tokens, has currently 2.5B+ USD (equivalent) more. This accounts…
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@Tether_to
Tether
11 months
Tether🧡 #Bitcoin Starting this month, Tether will regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin. These Bitcoin shall be considered on top of the minimum reserves assets that 100% back tether tokens. More 👉
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@paoloardoino
Paolo Ardoino 🍐
2 years
1/ Tether reduced almost 50% its CP holdings since 31st March 2022. By end of June only 8.4B CP left. CP exposure going to be reduced to 0. No exposure to Celsius on our reserves. Liquidated without losses. No exposure to 3AC.
@Tether_to
Tether
2 years
Tether Condemns False Rumours About Its Commercial Paper Holdings
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@paoloardoino
Paolo Ardoino 🍐
3 months
Airdrops explained
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@paoloardoino
Paolo Ardoino 🍐
2 years
Almost $2M now 🇸🇻
@BitcoinMagazine
Bitcoin Magazine
2 years
Over 36 #bitcoin worth $1.4 million has been donated in just ONE day to help families in El Salvador harmed by gang violence. 🇸🇻🧡
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@paoloardoino
Paolo Ardoino 🍐
2 years
GM 1 USDt = 1$, always been
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@paoloardoino
Paolo Ardoino 🍐
10 months
Markets are edgy in these days, so it's easy for attackers to capitalize on this general sentiment. But at Tether we're ready as always. Let them come. We're ready to redeem any amount.
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@paoloardoino
Paolo Ardoino 🍐
6 months
I'm truly excited and humbled to take the role as CEO at #Tether . During my journey, started in 2014 with Bitfinex and later in 2017 at Tether, I had the opportunity to meet wonderful people, that became great friends and a family. And as a family we achieved incredible results.…
@Tether_to
Tether
6 months
Tether Appoints Paolo Ardoino ( @paoloardoino ) as CEO Read More:
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@paoloardoino
Paolo Ardoino 🍐
1 year
To be clear: #Tether does not have any exposure to FTX or Alameda. 0. Null. Maybe is time to look elsewhere. Sorry guys. Try again.
@WuBlockchain
Wu Blockchain
1 year
Circle and Tether should disclose more of their financial relationship with FTX Alameda to let users know if it's a risk. @jerallaire @paoloardoino We are seeing a lot of assets move from Circle to FTX; there are also reports that Alameda is the second largest issuer of Tether.
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@paoloardoino
Paolo Ardoino 🍐
2 years
history doesn't repeat itself but it rhymes #Bitcoin
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@paoloardoino
Paolo Ardoino 🍐
1 year
hasta la vista 🍐
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@paoloardoino
Paolo Ardoino 🍐
3 months
We're witnessing an historical moment #bitcoin
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@paoloardoino
Paolo Ardoino 🍐
2 years
What just happened? #BTC
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@paoloardoino
Paolo Ardoino 🍐
10 months
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@paoloardoino
Paolo Ardoino 🍐
9 months
GM The world needs open source hardware phones with open source firmware and open source software. There are few attempts: pinephone, librem5 (purism), ... The two solutions above are really cool for a nerd like myself but have downsides. Phone hardware specs are sub-par,…
@zerohedge
zerohedge
9 months
French Cops Can Now Secretly Activate Phone Cameras, Microphones And GPS To Spy On Citizens
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@paoloardoino
Paolo Ardoino 🍐
2 years
Didn't see it yet
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@paoloardoino
Paolo Ardoino 🍐
2 years
#bitcoin users should learn how to self custody. Use trezor or ledger or jade. Freedom vibes.
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@paoloardoino
Paolo Ardoino 🍐
3 years
Ok so I heard we can build a rocket that is 100x faster and 100x cheaper. Just need couple of quick fixes. No big skills required.
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@paoloardoino
Paolo Ardoino 🍐
1 year
@mikebelshe "If I were BitGo, and I believed my own story that every $WBTC is backed by 1 $BTC, I'd be buying every token I could right now for for $0.98! A risk-free 2% return. Unless I knew it wasn't actually backed, of course."
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@paoloardoino
Paolo Ardoino 🍐
2 years
It feels like sell side liquidity on #bitcoin is getting more scarce after every dip.
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@paoloardoino
Paolo Ardoino 🍐
1 year
#tether doesn't have any exposure to Signature Bank.
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@paoloardoino
Paolo Ardoino 🍐
3 years
#bitcoin price up with low volumes. Be careful.
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@paoloardoino
Paolo Ardoino 🍐
3 years
In retrospect I was growing quite worried in the past weeks by the enormous influence that Elon had on #bitcoin and #crypto with all that tweeting. Glad we took off the band-aid. #bitcoin needs periodic shock-tests to grow stronger.
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@paoloardoino
Paolo Ardoino 🍐
2 years
Cities and Countries need a Plan ₿ #Bitcoin
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@paoloardoino
Paolo Ardoino 🍐
2 years
FYI #Tether is processing redemptions normally, always has been.
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@paoloardoino
Paolo Ardoino 🍐
3 years
We won't ever forget people that supported @Tether_to and @bitfinex all along. Thanks guys ❤️
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@paoloardoino
Paolo Ardoino 🍐
2 years
#bitcoin is strong in 🇪🇺
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@paoloardoino
Paolo Ardoino 🍐
2 years
Black Friday sale #Bitcoin
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@paoloardoino
Paolo Ardoino 🍐
2 years
🫡 to all #btc stackers.
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@paoloardoino
Paolo Ardoino 🍐
2 years
#bitcoin because there is no second best
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@paoloardoino
Paolo Ardoino 🍐
2 years
Will soon start to mine #Bitcoin at home.
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@paoloardoino
Paolo Ardoino 🍐
7 months
El Salvador celebrates the two years anniversary of the Bitcoin Law that made #bitcoin legal tender. It was a brave decision, by a government and a president truly committed to build a stronger and more resilient future for its citizens. And it's also a continuous commitment,…
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@paoloardoino
Paolo Ardoino 🍐
2 years
Getting #tether USDt via a ATM in Uruguay 🇺🇾
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@paoloardoino
Paolo Ardoino 🍐
2 years
Bitcoiners New Year's Eve #Bitcoin
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@paoloardoino
Paolo Ardoino 🍐
1 year
1/ We're humbled to have been hosted last night by the president @nayibbukele and his family. We truly share the excitement, the passion and the vision for El Salvador renaissance. 🇸🇻
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@paoloardoino
Paolo Ardoino 🍐
2 years
Love it! 🇸🇻🍊 That hat... is @nayibbukele hat? Genius.
@satoshigallery
Satoshigallery
2 years
I am so in love with Mr. Torogoz! 🇸🇻🧢🍊💊 Can’t wait to show you our book for kids “To the moon” about #bitcoin ! #sonofabit #tothemoonbook
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@paoloardoino
Paolo Ardoino 🍐
11 months
Today #tether announces its Q1 2023 Assurance Report (attestation) 👀 - Net profit for this quarter of $1.48bn leading to a surplus over reserves of $2.44B- an all time high!! 🤯 - This report adds new explicit separate categories for our #Bitcoin  and Gold 🪙 holdings,…
@Tether_to
Tether
11 months
Tether's Latest Q1 2023 Assurance Report Shows Reserves Surplus At All-Time High of $2.44B, up $1.48B in Net Profit; New Categories for Additional Transparency Reveals #Bitcoin and #Gold Allocations
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@paoloardoino
Paolo Ardoino 🍐
2 years
Self-custody #bitcoin is the ultimate emergency act 🇨🇦
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@paoloardoino
Paolo Ardoino 🍐
2 years
@ki_young_ju We have redeemed 7B in 48h, without the blink of an eye. How many institutions can do the same? We can keep going if the market wants, we have all the liquidity to handle big redemptions and pay all 1-to-1. Yes, Tether is fully backed.
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@paoloardoino
Paolo Ardoino 🍐
2 years
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@paoloardoino
Paolo Ardoino 🍐
2 years
1/ 🇪🇺🚨 Disappointed to see the proposal on self hosted wallets passed today and hope the final vote on the report will take into consideration security risks and privacy violations that will transpire if enacted into law.
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@paoloardoino
Paolo Ardoino 🍐
2 years
Probably nothing
@nayibbukele
Nayib Bukele
2 years
El Salvador’s GDP grew 10.3% in 2021. And now its exports (a main driver of economic growth) grew 13% this January, compared to January 2021. Are we looking at another double digit GDP growth this year? By the way, El Salvador never had a double digit GDP growth before 2021.
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@paoloardoino
Paolo Ardoino 🍐
2 years
Nice shot of the stage. Together for #bitcoin and El Salvador 🇸🇻
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@paoloardoino
Paolo Ardoino 🍐
1 year
#lugano real estate agency 👀
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@paoloardoino
Paolo Ardoino 🍐
1 year
#tether 💪 since 2014
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@paoloardoino
Paolo Ardoino 🍐
2 years
Funny (not mine, from 9gag)
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@paoloardoino
Paolo Ardoino 🍐
2 years
I'm keep reading about 401k #bitcoin . Is it a price target?
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@paoloardoino
Paolo Ardoino 🍐
10 months
Tether is expanding its energy investments, providing capital, tech expertise and advisory to the new venture Volcano Energy🌋 The potential of El Salvador 🇸🇻 as the global energy and #bitcoin hub is immense and at @Tether_to we're grateful to be part of this opportunity ❤️…
@Tether_to
Tether
10 months
Tether Energy is doubling down on #bitcoin with our investment into Volcano Energy in El Salvador 🌋🇸🇻 We're fueling sustainable Bitcoin mining and supporting El Salvador's economic growth🍊⛏️ Learn more 👉
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@paoloardoino
Paolo Ardoino 🍐
3 years
. @Tether_to just froze ~33M $USDt on 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963 as part of the #PolyNetwork hack
@PolyNetwork2
Poly Network
3 years
Important Notice: We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum and @0xPolygon Assets had been transferred to hacker's following addresses: ETH: 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963 BSC: 0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71
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@paoloardoino
Paolo Ardoino 🍐
2 years
6/ But as we always said, Tether had/has in fact >= 100% of the backing, never failed a redemption and all USDt are redeemed at 1$. In 48 hours Tether processed 7B in redemptions, averaging 10% of our total assets, something almost impossible even for banking institutions.
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@paoloardoino
Paolo Ardoino 🍐
1 year
HO HO HO 🎅 🎄 Merry Christmas #bitcoin @bitfinex delists $BSV
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@paoloardoino
Paolo Ardoino 🍐
2 years
Istanbul 🇹🇷 $USDt
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@paoloardoino
Paolo Ardoino 🍐
2 years
hello again 50k, my old friend #Bitcoin
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@paoloardoino
Paolo Ardoino 🍐
2 years
ETH/BTC wow
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@paoloardoino
Paolo Ardoino 🍐
2 years
#bitcoin is the hill on which many are ready to die. We're really close to multiple nations adopting bitcoin, so attacks are obviously intensifying.
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@paoloardoino
Paolo Ardoino 🍐
2 years
Feels like we've been learning more about the importance of what we've been building with #bitcoin in the last 6 months than in the last 6 years.
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@paoloardoino
Paolo Ardoino 🍐
2 years
#lugano #planb announced #bitcoin #tether and #luga (CHF stablecoin) as legal tender. Here are all the things that you can pay for within few months in the city. 🍫🇨🇭
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@paoloardoino
Paolo Ardoino 🍐
2 years
Winning is often self-defined. Others try to define your goals. El Salvador comes to my mind. Newspapers are trying to refine what winning should look like for ES, with bias and presumption. ES is not looking to others or asking MSM for approval. ES is on his own freedom path.
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@paoloardoino
Paolo Ardoino 🍐
4 months
🇸🇻
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@paoloardoino
Paolo Ardoino 🍐
2 years
It's Saturday and bitcoin is not dead (sound on)
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@paoloardoino
Paolo Ardoino 🍐
2 years
Presenting the #Tether Truthooooor
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@Tether_to
Tether
2 years
Tether responds to cynical bounty -- Hindenburg Research’s announcement is a pathetic bid for attention ⬇️
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@paoloardoino
Paolo Ardoino 🍐
1 year
Congrats @nayibbukele You're making history. El Salvador will become the financial center of Central America. 🇸🇻
@nayibbukele
Nayib Bukele
1 year
El Salvador’s Legislative Assembly has just approved, by an overwhelming majority, the new Digital Securities Law! Forward, always forward… More information on this thread👇🏼
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@paoloardoino
Paolo Ardoino 🍐
1 year
Italian population: 60M Europe: 750M China: 1.4B India: 1.4B #bitcoin : only 21M Good we have sats
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@paoloardoino
Paolo Ardoino 🍐
2 years
3/ Since 2021, many #crypto influential people and companies have applauded the heroic fight for financial freedom that @nayibbukele , its govt and population has initiated, investing in #bitcoin as a better, fair and resilient monetary system for the future of the country.
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@paoloardoino
Paolo Ardoino 🍐
1 year
1/ Today El Salvador 🇸🇻 establishes a legal framework for all digital assets (apart #Bitcoin that is legal tender). MSM always claimed that the digital asset law would never pass, once again understanding little to nothing about the commitment of ES to #bitcoin .
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@paoloardoino
Paolo Ardoino 🍐
7 months
One of #Tether energy production and #Bitcoin mining sites coming along well.
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@paoloardoino
Paolo Ardoino 🍐
2 years
2/ Both companies once again stand with the disadvantaged and have donated 25 #bitcoin (~1M USD equiv now) to bootstrap this initiative (tx: 16dfd73fb9e9fe1e1c47eaf9e55e15066a80936a9c80cfc507b7555effdb2cea )
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@paoloardoino
Paolo Ardoino 🍐
2 years
GM I often see VC investing money in new #crypto projects rather than supporting #bitcoin development. New tokens bring faster short terms gains. Investing in bitcoin is protecting what we have built so far. It's protecting freedom. No easy short term pumps but long term glory.
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@paoloardoino
Paolo Ardoino 🍐
3 years
We need to start building rockets with spit and paper. Definitely cheaper and more lightweight. Well... security won't be the same but sure it's a viable trade-off.
@elonmusk
Elon Musk
3 years
@MattWallace888 BTC & ETH are pursuing a multilayer transaction system, but base layer transaction rate is slow & transaction cost is high. There is merit imo to Doge maximizing base layer transaction rate & minimizing transaction cost with exchanges acting as the de facto secondary layer.
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@paoloardoino
Paolo Ardoino 🍐
2 years
First they mock you... then...
@CryptoSlate
CryptoSlate
2 years
El Salvador’s $1 billion #Bitcoin bond called a “meme” by mainstream finance (via @WanSamuel ) @Dennis_Porter_ @Excellion @nayibbukele @Forbes #elsalvador
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@paoloardoino
Paolo Ardoino 🍐
8 months
It's a good Friday. #Tether and @Bitfinex Win Comprehensive Legal Victory as U.S. District Court Dismisses Class Action Lawsuit The Court correctly held that plaintiffs’ complaint lacked any “plausible allegations of injury” because it includes no facts showing that “USDT had a…
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@paoloardoino
Paolo Ardoino 🍐
1 year
#lugano #planb and #bitcoin at Bellinzona Carnival fest 🇨🇭🍫🐮
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@paoloardoino
Paolo Ardoino 🍐
2 years
My day is ruined. Can't stop watching rap videos
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@paoloardoino
Paolo Ardoino 🍐
2 years
Welcome back 40k, old friend. #Bitcoin
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@paoloardoino
Paolo Ardoino 🍐
8 months
Today Tether shares its attestation for Q2/2023 (2023-06-30). Another quarter, another massive result. I'm immensely proud of our team. Hightlights 1. Q2/2023 Tether's operational profits > $1B. How? The main component of the profits are the interests on the T-Bills that Tether…
@Tether_to
Tether
8 months
Tether Excess Reserves increase by 850M to reach $3.3B as Leading Stablecoin Reveals $72.5B overall exposure in US T-Bills and Unveils Energy-Related Investments. Read more 👉
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Paolo Ardoino 🍐
3 years
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@paoloardoino
Paolo Ardoino 🍐
2 years
12/ And bankruptcy normally means MtGox eight years ( and counting ) waiting time for its creditors..... At least have a potato. They are rich in selenium.
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@paoloardoino
Paolo Ardoino 🍐
2 years
5/ It’s now time to act. Helping families affected by pandillas > buying jets and lambos. If you wish to participate and support the proud population of El Salvador, please use the following addresses:
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@paoloardoino
Paolo Ardoino 🍐
10 months
Today is a good day at @Tether_to . It started with an attack (that didn't have much power anyway and it's dying off already). This attack is a good stress test for us, nothing more. We'll demonstrate, as we did several times in the past, that Tether is strong, liquid and…
@Tether_to
Tether
10 months
Tether raises the bar of transparency in the industry, dropping its opposition in the FOIL matter. In moments of global financial uncertainty, like the current one, we believe it's important to give a strong signal to our community. Prioritizing openness, stability and liquidity…
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@paoloardoino
Paolo Ardoino 🍐
2 years
4/ Now more than ever, the families of El Salvador need our support. Over the past months, I have seen a number of leaders from our community knocking on the president's door, taking selfies and publicly announcing support.
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@paoloardoino
Paolo Ardoino 🍐
2 years
Bullish on 🇸🇻
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@paoloardoino
Paolo Ardoino 🍐
2 years
What a beautiful animal
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