Tether Announces P2P Financial Markets Terminal Using Holepunch Technology

2024-5-18 18:25

Tether, the issuer of the USDT stablecoin, plans to develop a peer-to-peer financial markets terminal leveraging Holepunch technology.

CEO Paolo Ardoino announced on X that Tether will invest substantial resources into this initiative.

Tether Plans P2P Financial Markets Terminal

According to Ardoino, the company would aim to replicate USDT’s success within financial markets by eliminating monopolistic intermediaries.

“Any exchange in the world would maximise the revenues from its own data, while keeping direct control of its usage. Financial markets would be much more resilient as a result of this change, and the world would likely be a better place,” Ardoino added.

While specific product details are unavailable, Ardoino indicated that the P2P platform would decentralize financial market data infrastructure. Furthermore, he said the terminal would be built using Holepunch technology.

Holepunch is a platform designed to create apps without requiring centralized data storage, enabling easy deployment. Tether is a significant investor in this technology.

This announcement shows Tether’s strategy to diversify beyond its flagship USDT stablecoin. The company recently restructured its operations into four distinct sectors—finance, data, education, and power.

Tether Finance oversees its multibillion-dollar USDT and other digital assets. Meanwhile, the firm’s Power unit focuses on sustainable Bitcoin mining activities.

Read more: How to Buy and Store the Different Types of Tether

On the other hand, Tether Data will invest in P2P technology and artificial intelligence, with existing investments in Northern Data Group and Holepunch.

Remarkably, Tether acquired a majority stake in brain-computer interface company BlackRock Neurotech via its venture capital division, Tether Evo. Ardoino said this investment showed that the firm believed in nurturing emerging technologies with transformative capabilities.

Meanwhile, these diversification efforts come during Tether’s peak financial performance. During the past year, the firm’s USDT market cap has climbed past $110 billion and generated substantial quarterly profits. Additionally, USDT accounts for around 70% of the stablecoin market, according to DeFillama data.

Read more: What Is a Stablecoin? A Beginner’s Guide

Tether Tokens In Circulation. Source: Tether

However, Tether faces increasing regulatory challenges. Reports emerged that the crypto exchange Kraken could delist the stablecoin for its European users. Ripple CEO Brad Garlinghouse also recently claimed that the US government might target the stablecoin issuer.

The post Tether Announces P2P Financial Markets Terminal Using Holepunch Technology appeared first on BeInCrypto.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Formosa Financial (FMF) на Currencies.ru

$ 0.0004577 (+0.00%)
Объем 24H $0
Изменеия 24h: -0.11 %, 7d: 98.23 %
Cегодня L: $0.0004538 - H: $0.0004624
Капитализация $394.44k Rank 99999
Доступно / Всего 861.833m FMF

financial using technology tether terminal holepunch markets

Источник: beincrypto.com

financial using → Результатов: 126


Фото:

Human Rights Foundation launches Finney Freedom Prize to reward contributions to Bitcoin for 110 years

The Human Rights Foundation (HRF) unveiled the Finney Freedom Prize on Bitcoin’s fourth halving day to celebrate the flagship crypto for enabling greater financial freedom for the world. The award is designed to honor significant global achievements in Bitcoin and human rights, reflecting Finney’s vision of using technology as a tool for liberation.

2024-4-20 03:22


Фото:

Hong Kong issues regulatory standards for tokenized financial products

The Hong Kong Monetary Authority (HKMA) unveiled comprehensive regulatory standards on Feb. 20 for the sale and distribution of tokenized financial products by authorized institutions. The initiative aims to foster innovation while ensuring robust consumer protection within the burgeoning field of tokenization, where real-world assets (RWA) are digitally represented using distributed ledger technology or similar […] The post Hong Kong issues regulatory standards for tokenized financial products appeared first on CryptoSlate.

2024-2-21 22:38


Intelfin enables users to generate reliable passive income using automated pooling services

As a result of rising inflation predicted by all prominent financial experts and organizations worldwide, having a bank account is no longer sufficient to preserve people's hard-earned money as the moThe post Intelfin enables users to generate reliable passive income using automated pooling services appeared first on AMBCrypto.

2022-9-28 11:15


Фото:

Solstin opposes Lummis’ bill; says Bitcoin should be separate from other digital assets

United States Senate candidate Brian Solstin in a Tweet opposed Senator Cynthia Lummis‘ bill aimed at incorporating digital assets into the United States financial system by arguing that Bitcoin should be considered separately from other digital assets, using a report published by the financial services company  Fidelity Investments to explain why.

2022-6-10 20:15


Zuck What? Meta Is Reportedly Planning To Create A Digital Token Nicknamed After Its CEO

Meta Platforms is preparing to integrate cryptocurrencies into its family of apps, with the goal of using them to reward creators and to facilitate lending and other financial activities. The Financial Times reported on Wednesday that Meta is considering creating “Zuck Bucks,” a virtual currency that consumers can use across its apps, as the British […]

2022-4-7 11:21


Фото:

EWO Place Launches Platform That Seeks To Democratize The Real Estate Business Using Blockchain Technology

Renting has been the standard in the UK and all over the world for decades. However, with changing technology and new financial models, that norm is becoming less sustainable. Enter EWO Place, a company that’s disrupting the rent-based real estate market by offering an innovative solution – a no-rent model instead.  EWO Place was founded […]

2022-1-5 18:08


LATAM E-Commerce Giant to Allow its Millions of Users to Buy, Store, & Sell Crypto via Digital Wallet

MercadoLibre is the latest company to join crypto as soon it will offer its customers in Brazil the ability to buy, sell, and hold cryptocurrencies using its digital payments app. MercadoLibre is the largest Latin American company by market cap, and through crypto, it is expanding its financial products.

2021-11-23 17:50


Dubai Financial Services Authority Releases Regulatory Framework for “Investment Tokens”

The Dubai Financial Services Authority (DFSA) has announced its regulatory framework for “Investment Tokens,” which can be securities or derivatives. The agency defines investment tokens as cryptographically secured tokens that represent rights and obligations similar to those conferred by a security or derivative or has a similar purpose and are issued, transferred, and stored using […] The post Dubai Financial Services Authority Releases Regulatory Framework for “Investment Tokens” first appeared on BitcoinExchangeGuide.

2021-10-26 17:36


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Tether Fires HSBC Gold Traders Months After Hiring Them

Tether Holdings SA released two senior precious metals traders it recruited from HSBC Holdings Plc just months ago. The departures mark a sudden reversal for the stablecoin issuer, which had framed the hires as central to its ambitions in the global bullion market.

Tether Surpasses 500 Million Users as Growth Accelerates—But Risks and USDT Peg Concerns Persist

Tether’s USDT has crossed a major milestone, surpassing 534 million users, even as the broader crypto market remains under pressure following a sharp contraction that began in October 2025. According to the company’s Q4 2025 USD₮ Market Report, the stablecoin added more than 35 million users in the quarter, marking the eighth consecutive quarter of The post Tether Surpasses 500 Million Users as Growth Accelerates—But Risks and USDT Peg Concerns Persist appeared first on BeInCrypto.

US Sanctions UK Crypto Exchanges Amid Iran-Related Woes

The US Treasury has taken the unprecedented step of blacklisting two UK-registered cryptocurrency exchanges for processing funds linked to Iran’s Islamic Revolutionary Guard Corps (IRGC). It marks the first time entire digital asset platforms have been sanctioned under Iran-specific financial measures.