Paolo Ardoino Expressed:  ~3k commits, hundreds of code iterations, 1k new auto-tests, cross-collateral support for perps, insane latency cut, improved multi-threading and sharding, tether-fx-books, reduced middleware queues number, native support for multi-cast (both input and output), 10x faster startup time, ad-hoc metadata support for all messages (great for DeFi settlements / CEX/DEX MM, Satellite / Dazaar gateways.

Heavily battle-tested on ARM and Raspberry PIs (4b+). Still some room of improvement (ie. improved plugin system) but once Road to Rome is live, we can focus on the next evolution.

Paolo Ardoino, was also seen trying to grab the attention of Traditional Finance people by stating:  “No one in Wall Street Knows Tether.”

Someone was requesting to get educated more on Tether (USDT) stating: 1. Tether is a stable coin backed by real dollars 2. Their balance sheet has ~$30b “commercial paper” 3. Commercial paper means loans 4. $30b makes them the 7th largest short term debt holder in the world 5. No one on Wall Street knows them?

Others were like: Tether has a similar market cap to Bank of Montreal and has 12 employees. They used pie charts as proof of attestation.

It’s all ethical, the arbitrage here is improving the “efficiency of markets.” They’re already investigated and paid a fine, FUD’s over. They do have a breakdown on their holdings on their site now. Real cash holdings % is concerning.

They just paid a small settlement and have been cleared as far as I know. I would still avoid TBH.

In the event Tether is insolvent, there may be some short term panic just because people are emotional. It means your tether to dollar is potentially not redeemable. But are you going to sell your Bitcoin for more Tether? Chances are you buy another stablecoin or crypto.

Critics as always were like:  Tether USDT is a Ponzi scheme that is going to short-term take down the entire crypto market once it’s busted. The Feds have got to be on to them already.

This has been going on long enough now (years) that I assume 1) it’s legit 2) it’s a scam that will never blow up because nobody cares and there is so much momentum 3) it’s a scam that gets bigger and bigger and it’s collapse will be record breaking.  It’s a combination of 2 and 3.

Tether is a litmus test for integrity and clarity of thinking. Anybody who dismisses tether should be ignored. Anybody who is unaware of tether is too uninformed to be gambling with cryptos.