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142 sats \ 6 replies \ @j7hB75 OP 11h \ on: Tether, SoftBank Group, and Jack Mallers Launch Twenty One bitcoin
At the closing of the Business Combination, Twenty One will be majority-owned by Tether, co-founder of Twenty One and the world’s largest stablecoin issuer, and Bitfinex, with significant minority ownership by SoftBank Group Corp. (“SoftBank Group”), one of the world’s leading investment holding companies.
Not sure how you all feel about this but something about this doesn't seem right. Jack has, from my recollection, been strongly against Tether and the like. So, it's very odd seeing him go into business with them. First impression is that it leaves a bad taste in my mouth. Curious on everyone's thoughts on this announcement.
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300 sats \ 3 replies \ @k00b 11h
I don't recall him ever being against Tether. I can see how someone might think that - he associates with people who seem like they have been against Tether. Regardless, Tether is allocating more money into Bitcoin stuff than any single entity, so expect to see more people who you thought were against Tether, or who would otherwise be against Tether, suddenly become pro-Tether.
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55 sats \ 0 replies \ @j7hB75 OP 11h
Yeah, I don't know if he mentioned it in his podcast a while back or in some video on YouTube, just felt like he would be against it based on his standards of being Bitcoin-only. However, Strike does use USDT for deposits/withdrawals in certain countries. So, I would guess that might disprove my prior statement.
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36 sats \ 0 replies \ @DarthCoin 11h
Like George Carlin said... "it's a big (Tether) club / family and you ain't in it..."
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10 sats \ 0 replies \ @kepford 7h
You are correct. Pretty sure I have heard him explain this a few times. The reality is that in the US Strike uses fiat dollars and in other countries Tether is popular. I get why they are doing this.
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57 sats \ 0 replies \ @SwapMarket 7h
Jack says good things about Bitcoin, but runs a KYC wallet. So now he wants to compete with Saylor, another fiat maxi. Partnering with Tether makes total sense.
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0 sats \ 0 replies \ @denlillaapan 6h
There's some fault play in play??
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