QVAC price

Compiled and compiled by: KarenZ, Foresight News This week, Tether CEO Paolo Ardoino had an in-depth conversation with Anthony Pomplian, an American entrepreneur and founder and CEO of Professional Capital Management, discussing Tether's strategy to enter the U.S. market, the planned launch of Tether's U.S. stablecoin, and AI, gold, and brain-computer interfaces. Paolo Ardoino also issued a warning against overleveraged Bitcoin treasury companies. The author has refined and sorted out this: What are Tether's plans in the US? Paolo Ardoino: The recently passed Genius Act has driven Tether to explore the U.S. market and has also leveled the playing field for all other financial institutions. Tether holds more than $127 billion in U.S. Treasury bonds, recently surpassing South Korea to become the 18th largest holder of U.S. Treasury bonds, and is expected to surpass another country by the end of the year, although it is very crazy compared to the country, but this is the truth. We may be one of America's best allies. Tether plans to launch a homegrown stablecoin in the United States. U.S. banks and financial institutions will also partner with Tether to leverage Tether's global distribution network to expand new customers and revenue streams. For example, in Nigeria, the efficiency of financial infrastructure is between 10% and 20%, while in the United States this figure is 90%, which is almost perfect. Therefore, if the quality of the financial transmission track in Nigeria can be improved to 50%, but only from 90% to 95% in the United States. With the relatively small number of people underserved by U.S. banks, Tether's offerings for the U.S. market must be unique. What is the difference between USDT and Tether native US stablecoins? Paolo Ardoino: USDT mainly serves emerging markets (such as Latin America, Africa, and Southeast Asia), helping local users bypass inefficient financial infrastructure, and is more like an international stablecoin. But USDT may not work best in the US market. U.S. stablecoins are designed specifically for the U.S. market, optimizing user experience to adapt to the mature U.S. financial system (e.g., cooperating with banks to improve payment efficiency). In the future, hundreds of stablecoins may emerge in the U.S. market, and the experience of users migrating from one stablecoin to another will be key, and user experience and distribution capabilities are where Tether's strengths lie. What can be improved or innovated in stablecoin infrastructure / blockchain? Paolo Ardoino: User experience is the biggest limitation, you need to have a wallet, and the wallet must have enough gas fees from the network to send stablecoins. This part needs to be improved. Commodity traders are all in stablecoins, realizing that stablecoins can boost the profitability of portfolio efficiency. The Genius Act will lead to institutional-level adoption. Those that focus on stablecoins and settlements, interbank settlements, and inter-company settlements will have huge advantages. Tether+AI Paolo Ardoino: QVAC is one of my more obsessive projects, and the idea behind it is to create a native AI inference and fine-tuning platform that can work anywhere, from embedded devices to smartphones, laptops, or servers. The smallest devices can be brain-computer interfaces, cars, drones, robots, or they can be taken to space, planets. Therefore, AI must be lean, precise, modular, and localized. AI will be embedded in the fabric of the universe itself in 20, 30, 100, or 10,000 years. In the next five years, mobile GPUs could be 10 times more powerful than they are today. We want to build the first truly decentralized, unstoppable AI platform. We are trying to mimic the brain and try to create infinite, super-powerful data centers. QVAC will allow everyone to create efficient small, on-premises models and connect all of them without a primary server and without any central server through peer-to-peer technology, so you can run queries across those models and get the best answers. Tether will eventually build its own foundation model, but first build a platform that can run any model, both locally and remotely. Local reasoning is also one of the main focuses, and we are also working on point-to-point joint reasoning. What do you think of gold and Bitcoin? Paolo Ardoino: I've said many times that there is nothing better than Bitcoin. Bitcoin is perfect. Bitcoin holders mistakenly believe that gold is a competitor to Bitcoin, but in reality it is not. If investors believe Bitcoin is at a market cycle high and want to exit temporarily, it makes more sense to exchange Bitcoin for gold than for USD, as gold retains its purchasing power better (the US dollar can be eroded by inflation). In the event of a global financial reset (such as the collapse of the fiat currency system) within the next five years, gold's $20 trillion market capitalization (far exceeding Bitcoin's current size) could make it a more transitional asset accepted by traditional markets, and Bitcoin will take time to expand its size. What do you think of Bitcoin Treasury Corporation? Paolo Ardoino affirmed the market role of Bitcoin treasury companies, but also expressed concerns about some aggressive strategies (such as overleveraging). Eventually, the industry will undergo reshuffle and integration. Tether+ brain-computer interface Paolo Ardoino: At the end of April 2024, Tether invested $200 million in Blackrock Neurotech. Blackrock Neurotech has the best brain-computer interface technology, with a new generation of chip technology with 100x performance improvement. Blackrock Neurotech is based in Utah and has a very lean team. Blackrock Neurotech is committed to ensuring that brain-computer interface technology benefits and is used by humans while preventing robots from replacing humans. What is your view on the current macroeconomy? Paolo Ardoino: The United States is now in a very strong position and is optimistic about the globalization trend of US dollar stablecoins. The United States has realized its own interests through tariff policy, which may have a negative impact on other countries, but has a significant effect on the US economy in the short term. Europe started early but ineffectively in digital asset regulation, failing to seize technological opportunities to expand the euro's global influence. Currency depreciation and economic vulnerability in poor countries will increase, and tools such as USDT provide "Plan B" for people in these regions, mitigating the impact of local currency fluctuations. Tether is not only investing in gold, but also in fields such as land and agriculture, AI, and brain-computer interfaces. Original link

整理：KarenZ，Foresight News 本周，Tether 首席执行官 Paolo Ardoino 与美国企业家、Professional Capital Management 创始人兼 CEO Anthony Pomplian 展开深度对话，围绕 Tether 进军美国市场的策略、计划推出的 Tether 美国本土稳定币以及 AI、黄金和脑机接口等领域进行了探讨。Paolo Ardoino 还对过度杠杆化的比特币财库公司发出了警示。 笔者对此进行了提炼和梳理： Tether 在美国有何计划？ Paolo Ardoino：最近通过的《Genius 法案》驱动 Tether 探索美国市场，也为所有其他金融机构创造了一个公平的竞争环境。Tether 持有的美国国债超过了 1270 亿美元，最近已超越韩国成为第 18 大美国国债持有者，目测到年底会超越另外一个国家，尽管和国家相比非常疯狂，但这就是事实。我们可能是美国最好的盟友之一。Tether 计划在美国启动一个本土稳定币。到时候美国银行及金融机构也会与 Tether 合作，可以利用 Tether 的全球分销网络拓展新客户和收入来源。 比如在尼日利亚金金融基础设施效率介于 10% 到 20% 之间，而在美国这一数字是 90%，几乎是完美的。因此，如果在尼日利亚金融传输轨道的质量可以提高到 50%，但是在美国只能从 90% 提升到 95%。由于美国银行服务覆盖不足的人群相对较少，Tether 针对美国市场的产品必须具备独特性。 USDT 和 Tether 美国本土稳定币有何区别？ Paolo Ardoino：USDT 主要服务新兴市场（如拉美、非洲、东南亚），帮助当地用户绕过低效的金融基础设施，更像是一种国际稳定币。但USDT 在美国市场未必能发挥最佳作用。 美国本土稳定币专为美国市场设计，优化用户体验以适配美国成熟的金融体系（如与银行合作、提升支付效率）。 未来美国市场可能会涌现出数百种稳定币，届时，用户从一种稳定币迁移到另一种的体验将成为关键，而用户体验与分发能力正是 Tether 的优势所在。 稳定币基础设施 / 区块链在哪些方面可以改进或者创新？ Paolo Ardoino：用户体验是最大的限制，你需要有钱包，钱包内要有网络足够 Gas 费才能发送稳定币，当然可以做账户抽象或者通过其他方式，但是始终还是不能以稳定价值无缝支付 Gas 费，而是需要使用波动资产（比如 ETH）支付。这部分需要改进。 大宗商品交易商正在 all in 稳定币，他们意识到稳定币可以提升投资组合效率的盈利能力。《Genius 法案》将带来机构层面的采用。那些专注于稳定币和结算、银行间结算、公司间结算的区块链，将具备巨大优势。 Tether+AI Paolo Ardoino：QVAC 是我比较痴迷的项目之一，背后的想法是创建一个本地人工智能推理和微调平台，可以在任何地方工作，从嵌入式设备到智能手机、笔记本电脑或服务器。最小的设备可以是脑机接口、汽车、无人机、机器人，也可以带到太空、行星上。 所以，AI 必须具备精益、精确、模块化和本地化的特点。AI 将在 20 年、30 年、100 年或 1 万年后嵌入到宇宙本身的结构。在未来五年内，移动端 GPU 可能会比今天强大 10 倍。我们希望构建第一个真正去中心化、势不可挡的 AI 平台。 我们正在尝试模仿大脑，试图创建无限的、超级强大的数据中心。QVAC 将让每个人都可以创建高效小型本地模型的，并且通过点对点技术，在没有主服务器、没有任何中央服务器的情况下连接所有这些模型，这样你就可以跨这些模型运行查询和获得最佳答案。 Tether 最终会建立自己的基础模型，但首先是构建一个可以运行任何模型的平台，无论是本地和远程。本地推理也是主要重点之一，我们还在研究点对点联合推理。 如何看待黄金和比特币？ Paolo Ardoino：我说过很多次，没有什么比比特币更好。比特币是完美的。比特币持有者误以为黄金是比特币的竞争对手，但实际上并非如此。如果投资者认为比特币处于市场周期高点并想暂时退出，将比特币兑换为黄金比兑换为美元更合理，因为黄金能更好地保持购买力（美元可能受通胀侵蚀）。若未来 5 年内发生全球金融重置（如法币体系崩溃），黄金的 20 万亿美元市值（远超比特币当前规模）可能使其成为更被传统市场接受的过渡性资产，而比特币需要时间扩大体量。 如何看待比特币财库公司？ Paolo Ardoino 肯定了比特币财库公司的市场作用，但也表达了对部分激进策略的担忧（比如过度杠杆化）等。最终行业会经历洗牌、整合。 Tether+ 脑机接口 Paolo Ardoino：2024 年 4 月底，Tether 向 Blackrock Neurotech 投资 2 亿美元。Blackrock Neurotech 有最好的脑机计算机接口技术，拥有 100 倍性能提升的新一代芯片技术。Blackrock Neurotech 总部在犹他州，团队非常精简。 Blackrock Neurotech 致力于确保脑机接口技术造福人类、为人类所用，同时防止机器人取代人类。 对当前宏观经济有何看法？ Paolo Ardoino：美国现在处于非常强势的地位，看好美元稳定币的全球化趋势。美国通过关税政策实现了自身利益，尽管这可能对其他国家产生负面影响，但短期内对美国经济的推动作用显著。欧洲在数字资产监管上起步早但效果不佳，未能抓住技术机遇扩大欧元的全球影响力。贫困国家的货币贬值和经济脆弱性会上升，而 USDT 等工具为这些地区的人们提供了「Plan B」，缓解了本地货币波动带来的冲击。Tether 不仅在投资黄金，也在涉足土地和农业、AI、脑机接口等领域。