Tether has quietly emerged as a major Bitcoin infrastructure player beyond its $USDT stablecoin business. The company backed Elektron as it scaled into one of the world's largest Bitcoin mining operations and now controls the majority of XXI.
XXI's new CEO Rapha Zagury sat down to discuss Tether's broader Bitcoin strategy, the transition after Jack Mallers' departure, and how he addresses ongoing skepticism about Tether's reserves.
The conversation covers XXI's five-part Bitcoin roadmap, the Ocean BIP 110 controversy, and why Zagury is passing on AI bets in mining.
XXI's new CEO Rapha Zagury sat down to discuss Tether's broader Bitcoin strategy, the transition after Jack Mallers' departure, and how he addresses ongoing skepticism about Tether's reserves.
The conversation covers XXI's five-part Bitcoin roadmap, the Ocean BIP 110 controversy, and why Zagury is passing on AI bets in mining.