Why Tether Is Investing in Bitcoin and Bitcoin Companies With Paolo Ardoino | Relai Bitcoin Podcast #94

Paolo Ardoino is the CEO of Tether, the world's largest stablecoin issuer, and the CTO of Bitfinex. Paolo discovered the cypherpunk movement in his early teens and has been fascinated by the movement. This led to him discovering Bitcoin in 2013 and joining Bitfinex a year later. In this conversation with Relai CEO Julian Liniger, Paolo discusses the evolution of Tether’s USDT stablecoin, how they use Bitcoin as a backing asset, why they decided also to use gold and treasuries as reserves, and why they invested billions of dollars in companies and projects to further evolve the space. You can follow Paolo on X: https://x.com/paoloardoino — 00:00 - Intro 03:10 - Early life and Paolo’s introduction to technology 06:19 - Paolo’s transition from technology to finance 12:23 - Paolo’s rise to CTO of Bitfinex and CEO of Tether 16:08 - The success of Tether and its impact on digital assets 20:21 - The importance of self-custody in Bitcoin 30:00 - Investing in Bitcoin startups and Paolo’s outlook for the future 43:38 - Paolo’s Bitcoin position in his portfolio — Prefer to enjoy this show in audio format? Listen on Apple Podcast: https://podcasts.apple.com/at/podcast/relai-bitcoin-podcast/id1543267066 Listen on Spotify: https://open.spotify.com/show/06BdZid57RlCgBNsgr703A?si=5ec60cc680534b44 -- The opinions expressed on the show are the opinions of the individual guests and may not reflect the opinions of Relai AG. The information on the podcast may be changed without notice, and is not guaranteed to be correct, complete or up-to-date. -- Relai is Europe’s easiest bitcoin investment app. The ‘Made in Switzerland’ bitcoin investment app enables anyone in Europe to invest in bitcoin within minutes. You can buy bitcoin instantly or set up a weekly/monthly savings plan for as little as 50 CHF/EUR and invest in bitcoin automatically over time. Disclaimer: Relai services are exclusively recommended for Swiss and Italian residents. 👋 New to Relai? Visit our website to learn more: https://relai.app/ 💡 Also, don't forget to subscribe to our YouTube channel to watch the episode in video format and enjoy the best bits from new episodes: https://www.youtube.com/c/Relai Follow us on Twitter ➡️ https://twitter.com/Relai_app Follow us on Instagram ➡️ https://www.instagram.com/relai.app/ Like our Facebook page ➡️ https://www.facebook.com/pg/RelaiApp/community/ bitcoin #personalfinance #savings #buybitcoin