Golden Finance reports that Wormhole co-founder Dan Reecer criticized stablecoin giants Tether and Circle in a recent interview, stating that these two companies are profiting from the current high interest rate environment while stablecoin holders are seeing no returns. Tether and Circle support their stablecoins by holding high-yield U.S. Treasury bonds, but they do not share the earnings directly with users, as doing so might provoke regulatory discontent.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
AI is no longer the exclusive domain of tech giants! Tether launches QVAC—has the moment arrived for everyone to have their own LLM?
Tether announced that its AI infrastructure, QVAC Fabric, has launched the world's first cross-platform BitNet LoRA fine-tuning framework, enabling large language models to be trained on consumer-grade hardware. This technology allows devices like smartphones to complete model fine-tuning, significantly reducing AI development costs, enabling AI decentralization, and making it possible to use AI anytime and anywhere in the future.
ChainNewsAbmedia52m ago
Tether Launches World's First Billion-Level AI Training Framework for Mobile, Compatible with iPhone and Samsung LoRA
Tether's QVAC division launched the world's first LoRA fine-tuning framework supporting Microsoft's BitNet architecture on March 17, significantly reducing AI model memory and computational requirements and enabling localized training on mobile phones. The technology allows users to perform personalized learning without uploading data, safeguarding privacy. Testing shows that modern smartphones can effectively fine-tune billion-parameter models, advancing the application potential of edge computing.
動區BlockTempo3h ago
Tether introduces the BitNet LoRA framework, supporting large model training on mobile devices
Gate News report: On March 17, Tether's QVAC Fabric launched the world's first cross-platform LoRA fine-tuning framework for Microsoft BitNet (1-bit LLM), significantly lowering the VRAM and computational thresholds for large model training. The framework supports LoRA fine-tuning and inference acceleration on Intel, AMD, Apple Silicon M series, and mobile GPUs (including Adreno, Mali, and Apple Bionic).
GateNews3h ago
Tether CEO Paolo Ardoino will attend the Mar-a-Lago Trump luncheon and deliver a speech
Gate News reported that on March 17, according to official sources, Tether CEO Paolo Ardoino will attend and speak at a Trump luncheon held at Mar-a-Lago.
GateNews3h ago
Tether CEO Paolo Ardoino to Attend Trump TRUMP Token Luncheon and Deliver Speech
TrumpMeme official announcement: Tether CEO Paolo Ardoino will attend and speak at the Trump TRUMP token luncheon. Trump will have lunch with 18 "superstars" and the top 297 holders on April 25 at Mar-a-Lago. The top 29 holders can also attend a special VIP reception.
GateNews4h ago
Delphi Digital: Sufficient collateral backing for stablecoins does not mean immunity from bank runs; the risk has shifted to the issuer level
Delphi Digital analysis points out that although Tether and Circle's stablecoins are backed by short-term Treasury bills and cash equivalents, they are not completely safe and still face bank run risks. The USDC depegging event in early 2023 demonstrated that stablecoin risks have shifted to issuers, highlighting the dangers posed by their centralization.
GateNews03-16 04:21
