不要把所有的鸡蛋都放在一个篮子里 - 绳索在两天内揭开了两个主要动作

Tether于2014年推出了USDT Stablecoin。它很快成为了最大的Stablecoin发行人，而USDT则成长为市值五个最大的加密货币之一。

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%.

不要把所有的鸡蛋都放在一个篮子里 - 一个习惯的系绳似乎牢记了。在今年4月的短短两天内，这家Stablecoin巨头公布了两项主要举措：与Bitfinex，Softbank和Cantor Fitzgerald合作，推出了以比特币为重点的上市公司，二十一位资本，并将其在意大利足球俱乐部尤文图斯的所有权增加到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.

这些公告标志着Tether积极推动其旗舰USDT Stablecoin多样化的最新步骤。由于主要市场的监管压力增加，该策略可能会非常关键。

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于2014年推出了USDT Stablecoin。它很快成为了最大的Stablecoin发行人，而USDT则成长为市值五个最大的加密货币之一。

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.

在某一时刻，USDT在交易量方面是一个领先的令牌。在不同的时间，它负责所有比特币交易的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在加密货币登机中起着至关重要的作用，因为许多加密交易所没有菲亚特到crypto和加密货币对。 USDT是USD的替代品，提供了一种可预测的交易工具，该工具与美元价值一致。

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. 

公司还使用USDT执行跨境支付，该公司得到了美国国库账单的支持。系绳持有其中的大多数。去年，特特（Tether）购买了价值331亿美元的美国国库券。它使该公司成为第七大外国净买家，超过了墨西哥，加拿大，台湾和许多其他国家。

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

与国家/地区相比，2024年美国国债的第七大买家🤯

— 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）最初在英国岛屿上注册，将其总部搬到了萨尔瓦多（El Salvador），这是第一个采用比特币作为法定招标的国家。系绳搬到萨尔瓦多后不久，当地国会杀死了比特币作为法定招标的地位。

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仍然是借记卡渗透率较低或批准司法管辖区的地区的可行支付工具。在非洲，USDT具有双重​​目的：它是储蓄和汇款工具的资产。俄罗斯和伊朗等国家以及其他加密货币以及其他加密货币一起躲避制裁。

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. 

尽管如此，Tether的Stablecoin仍在实时进行法律崩溃测试。例如，拒绝在欧盟中遵循监管加密货币的加密资产法的市场，导致欧盟客户从Coinbase，Kraken，Binance和Crypto.com上删除了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，美国新兴的加密法规可能会导致禁止USDT（特朗普总统的加密货币公司世界自由金融公司计划出售自己的Stablecoin）。

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

为了调解这个问题，系绳正在考虑将与新法规保持一致的新稳定。

Legal scrutiny

法律审查

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

去年，美国调查人员声称，系托特参加了洗钱和违反制裁的行为。首席执行官Paolo Ardoino否认了这些指控。

“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，我们定期与执法人员直接打交道，以帮助防止流氓国家，恐怖分子和罪犯滥用USDT，” Ardoino在10月份写道。 “我们会知道我们是否正在正常声称的文章进行调查。基于此，我们可以确认本文中的指控是明确的错误。”

See below.

见下文。

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，我们定期直接与执法人员打交道，以帮助防止流氓国家，恐怖分子和罪犯滥用USDT。我们会知道是否正如该文章错误地声称的那样正在调查。基于此，我们可以确认…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.

失去像欧盟和美国这样的市场将严重损坏系绳。但是，该公司比USDT提供的要多得多，因此业务多元化可能会缓解这些挑战。

Other ventures

其他冒险

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.”

除了稳定剂外，系绳还计算其细分市场中的比特币开采。例如，该公司拥有Bitdeer的21％，在乌拉圭拥有Mines Crypto，并加入了在萨尔瓦多（El Salvador）建造一个耗资1亿美元的比特币矿业农场的努力，称为“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.

扩大比特币采矿企业的主要计划是在2023年宣布的，当时系绳概述了将投资5亿美元的比特币采矿，包括一家公司，北部数据AG和在三个国家 /地区建造采矿设施。 Tether购买了10,000个NVIDIA H100 GPU后，北部数据持有20％的股份，在AI开发人员中很受欢迎。这些筹码被租给了AI初创公司。截至4月，目前尚不清楚该公司是遵守该计划还是采取了不同的道路。

Tether

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