不要把所有的雞蛋都放在一個籃子裡 - 繩索在兩天內揭開了兩個主要動作

Tether於2014年推出了USDT Stablecoin。它很快成為了最大的Stablecoin發行人，而USDT則成長為市值五個最大的加密貨幣之一。

Don’t put all your eggs in one basket—an idiom Tether seemingly takes to heart. In just two days this April, the stablecoin giant unveiled two major moves: teaming up with Bitfinex, SoftBank, and Cantor Fitzgerald to launch a Bitcoin-focused public company, Twenty One Capital, and increasing its ownership stake in Italian football club Juventus to over 10%.

不要把所有的雞蛋都放在一個籃子裡 - 一個習慣的繫繩似乎牢記了。在今年4月的短短兩天內，這家Stablecoin巨頭公佈了兩項主要舉措：與Bitfinex，Softbank和Cantor Fitzgerald合作，推出了以比特幣為重點的上市公司，二十一位資本，並將其在意大利足球俱樂部尤文圖斯的所有權增加到10％以上。

These announcements mark just the latest steps in Tether’s aggressive push to diversify beyond its flagship USDT stablecoin. This strategy could prove critical as regulatory pressure mounts across major markets.

這些公告標誌著Tether積極推動其旗艦USDT Stablecoin多樣化的最新步驟。由於主要市場的監管壓力增加，該策略可能會非常關鍵。

USDT

Tether launched the USDT stablecoin in 2014. It soon became the biggest stablecoin issuer, while USDT grew into one of the five biggest cryptocurrencies in market cap.

Tether於2014年推出了USDT Stablecoin。它很快成為了最大的Stablecoin發行人，而USDT則成長為市值五個最大的加密貨幣之一。

At one point, USDT was a leading token in terms of trading volume. At different times, it was accountable for 50% to 80% of all Bitcoin trades.

在某一時刻，USDT在交易量方面是一個領先的令牌。在不同的時間，它負責所有比特幣交易的50％至80％。

Moreover, USDT plays a vital role in cryptocurrency onboarding, as many crypto exchanges don’t have fiat-to-crypto and crypto-to-fiat pairs. USDT is a USD substitute, providing a predictable trading instrument aligned with the USD value. 

此外，USDT在加密貨幣登機中起著至關重要的作用，因為許多加密交易所沒有菲亞特到crypto和加密貨幣對。 USDT是USD的替代品，提供了一種可預測的交易工具，該工具與美元價值一致。

Companies also execute cross-border payments using USDT, which is backed by the U.S. Treasury bills. And Tether holds most of them. Last year, Tether bought $33.1 billion worth of the U.S. Treasury securities. It made the company the seventh biggest foreign net buyer, surpassing Mexico, Canada, Taiwan, and many other countries. 

公司還使用USDT執行跨境支付，該公司得到了美國國庫賬單的支持。繫繩持有其中的大多數。去年，特特（Tether）購買了價值331億美元的美國國庫券。它使該公司成為第七大外國淨買家，超過了墨西哥，加拿大，台灣和許多其他國家。

7th largest buyer of US Treasuries in 2024, compared to Countries 🤯 pic.twitter.com/fEANUL3fb2

與國家/地區相比，2024年美國國債的第七大買家🤯

— Bankless (@BanklessHQ) April 10, 2024

- 20024年4月10日

Initially registered in the British Islands, Tether, as of January, moved its headquarters to El Salvador — the first country to adopt Bitcoin as legal tender. Shortly after Tether relocated to El Salvador, the local Congress killed Bitcoin’s status as legal tender.

截至一月份，蒂瑟（Tether）最初在英國島嶼上註冊，將其總部搬到了薩爾瓦多（El Salvador），這是第一個採用比特幣作為法定招標的國家。繫繩搬到薩爾瓦多後不久，當地國會殺死了比特幣作為法定招標的地位。

Moreover, USDT remains a viable payment instrument for regions with low debit card penetration or for sanctioned jurisdictions. In Africa, USDT has a dual purpose: It serves as an asset for savings and as a remittance instrument. Countries like Russia and Iran use USDT, alongside other cryptocurrencies, in foreign trade to dodge sanctions.

此外，USDT仍然是藉記卡滲透率較低或批准司法管轄區的地區的可行支付工具。在非洲，USDT具有雙重​​目的：它是儲蓄和匯款工具的資產。俄羅斯和伊朗等國家以及其他加密貨幣以及其他加密貨幣一起躲避制裁。

Still, Tether’s stablecoin is experiencing legal crash tests in real time. For instance, the refusal to follow the Markets in Crypto Assets law regulating crypto in the European Union resulted in the removal of USDT from Coinbase, Kraken, Binance, and Crypto.com for EU customers. 

儘管如此，Tether的Stablecoin仍在實時進行法律崩潰測試。例如，拒絕在歐盟中遵循監管加密貨幣的加密資產法的市場，導致歐盟客戶從Coinbase，Kraken，Binance和Crypto.com上刪除了USDT。

In addition, emerging crypto regulation in the U.S. may lead to a ban on USDT (President Trump’s cryptocurrency company, World Liberty Financial, plans to sell its own stablecoin).

此外，美國新興的加密法規可能會導致禁止USDT（特朗普總統的加密貨幣公司世界自由金融公司計劃出售自己的Stablecoin）。

To mediate this problem, Tether is considering a new stablecoin that would align with new regulations.

為了調解這個問題，繫繩正在考慮將與新法規保持一致的新穩定。

Legal scrutiny

法律審查

Last year, U.S. investigator alleged that Tether participated in money laundering and violation of sanctions. CEO Paolo Ardoino denies these accusations.

去年，美國調查人員聲稱，系托特參加了洗錢和違反制裁的行為。首席執行官Paolo Ardoino否認了這些指控。

“At Tether, we deal regularly and directly with law enforcement officials to help prevent rogue nations, terrorists and criminals from misusing USDt,” Ardoino wrote in October. “We would know if we are being investigated as the article falsely claimed. Based on that, we can confirm that the allegations in the article are unequivocally false.”

“在Tether上，我們定期與執法人員直接打交道，以幫助防止流氓國家，恐怖分子和罪犯濫用USDT，” Ardoino在10月份寫道。 “我們會知道我們是否正在正常聲稱的文章進行調查。基於此，我們可以確認本文中的指控是明確的錯誤。”

See below.

見下文。

At Tether, we deal regularly and directly with law enforcement officials to help prevent rogue nations, terrorists and criminals from misusing USDt. We would know if we are being investigated as the article falsely claimed. Based on that, we can confirm that the allegations in…

在Tether，我們定期直接與執法人員打交道，以幫助防止流氓國家，恐怖分子和罪犯濫用USDT。我們會知道是否正如該文章錯誤地聲稱的那樣正在調查。基於此，我們可以確認…中的指控

— Paolo Ardoino (@PaoloArdoino) October 27, 2023

- 2023年10月27日

Losing markets like the EU and the U.S. would have severely damaged Tether. However, the company has a lot more to offer than USDT, so business diversification may cushion these challenges.

失去像歐盟和美國這樣的市場將嚴重損壞繫繩。但是，該公司比USDT提供的要多得多，因此業務多元化可能會緩解這些挑戰。

Other ventures

其他冒險

In addition to stablecoins, Tether counts Bitcoin mining among its segments. For example, the company owns 21% of Bitdeer, mines crypto in Uruguay, and joined an effort to build a $1-billion Bitcoin mining farm in El Salvador called “Volcano Energy.”

除了穩定劑外，繫繩還計算其細分市場中的比特幣開採。例如，該公司擁有Bitdeer的21％，在烏拉圭擁有Mines Crypto，並加入了在薩爾瓦多（El Salvador）建造一個耗資1億美元的比特幣礦業農場的努力，稱為“火山能源”。

The major plans for expanding Bitcoin mining ventures were announced back in 2023 when Tether outlined that it was going to invest $500 million in Bitcoin mining, including a company, Northern Data AG, and building mining facilities in three countries. Tether holds a 20% stake in Northern Data after buying 10,000 Nvidia H100 GPUs, chips popular among AI developers. These chips are rented out to AI startups. As of April, it’s not clear if the company followed this plan or took a different path.

擴大比特幣採礦企業的主要計劃是在2023年宣布的，當時繫繩概述了將投資5億美元的比特幣採礦，包括一家公司，北部數據AG和在三個國家 /地區建造採礦設施。 Tether購買了10,000個NVIDIA H100 GPU後，北部數據持有20％的股份，在AI開發人員中很受歡迎。這些籌碼被租給了AI初創公司。截至4月，目前尚不清楚該公司是遵守該計劃還是採取了不同的道路。

Tether

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