Tether CEO: "Bitcoin (BTC) is the ultimate social network"

JH Kim

Summary

Tether CEO Paolo Ardoino emphasized that Bitcoin (BTC) is the ultimate social network.
Tether has recorded approximately $20 billion in profits over the past 3 years and announced that 95% will be allocated to global distribution network expansion and reinvestment in Bitcoin.
He stated that more detailed information on the use of the remaining profits would be provided at a later time.

Paolo Ardoino (Paolo Ardoino), the Chief Executive Officer (CEO) of Tether (USDT), attended the 'Bitcoin 2025' conference held in Las Vegas on the 29th (local time), and stated that "Tether has experienced growth on par with what Facebook once recorded," and added, "Bitcoin (BTC) is the ultimate social network."

He emphasized, "Bitcoin is more than just a digital asset; it is a decentralized network that connects people around the world," and further described it as "an entirely new form of communication platform centered on trust and value-sharing among users."

He continued, "Tether has recorded approximately $20 billion in profits over the past three years, of which less than 5% was paid out to shareholders," adding, "the remaining 95% will be used for expanding the global distribution network and reinvesting in Bitcoin. More detailed information will be provided at a later opportunity."