Tether operates like a hedge fund retaining all yield, says Stern
“USDT is like a 100 hedge fund. Like they keep all Of the carry for you which speaks to how, like, much people want stable currency across the world.”
Tether will still not pay yield in five years, Abrams predicts
“No.”
Stern: Tether does not need to pay yield to stay dominant
“I don't think they have to in order to stay dominant.”
Gerstner: Circle and Tether issue $15B monthly, becoming top Treasury buyers
“Circle and Tether are issuing fifteen billion of stable per month and becoming the largest buyers of U.S. Treasuries.”
Yakovenko: Global demand will force US to adopt stablecoins
“Like the world is so big that if this, everybody wants us dollars and if the programmable us dollar is tether or circle or whatever, they'll use it. And then us has no choice but to accept them because the economy is so big right now. The global economy is so …”
Medina: Tether has a commercial deal in Sweden and is raising $1.5M
“We have a commercial agreement with a major EV charging company in Sweden, and so we're raising 1.5 million to get there.”
Medina: Tether is currently pre-product and pre-revenue
“Yes, so we're pre-product, pre-revenue, we're developing the software.”
Medina: Grid fragmentation creates a massive moat for Tether's VPP software
“In the U S each grid has its own laws and its own regulations of how you operate and in Europe as well. So if you are a vehicle manufacturer, You would have to have software that knows where the vehicle is and changes the way you bid into the market and the wa…”
Medina: Tether built its foundation on just a $10,000 uncapped SAFE
“It's a safe, and it was like, 10 K, so it wasn't too much, but.”
Yin commits $50,000 to Tether, pending agreement on valuation terms
“So I think, assuming we can get to terms on valuation, I'm in for 50 k.”
Hudson predicts Tether will get strong state and local government support
“And so I also think you will end up getting a lot of support from governments. Yeah. At the state and local level to do this.”
Hudson offers $25,000, conditional on Tether restructuring as a Delaware C-Corp
“I'd like to do 25 with one caveat, just around corporate structure, as Elizabeth knows, as a U.S. Investor, when you have non-Delaware C-Corp companies, the end of year, basically I spend 90% of my time on my audit on the three companies that are not based in …”
Manus commits $25,000 to Tether's pre-seed round
“I'm going to put 25 in.”
Conwell commits $50,000 to Tether, pending a Delaware C-Corp conversion
“Pending that Delaware C-Corp, because you're not a Delaware C-Corp, like, I'm not, like I do North America, South America, the UK, and even then that's time tough. So if you're a Delaware C-Corp, I'm in, dollar amount, I'll match her. I'll match Elizabeth. I'l…”
Conwell: Dominating Europe's virtual power plant market creates a massive company
“If he can make it work in Sweden, even if he doesn't get to the US, if he can own the Europe. Still a big company.”
Hudson: Charge operators' demand for single software aggregators creates massive lock-in
“I don't believe these charge operators want five different software systems. They're gonna pick one. And if he can make it work, he has a chance to be an early winner and lock up a bunch of distribution that will be very difficult, if not impossible, for someo…”
Yin offers a $5,000 personal check if Hustle Fund cannot invest
“If in the case that we cannot do it out of Hustle Fund, I would be happy to write you a 5000 dollar personal check.”
Medina agrees to convert Tether into a US Delaware C-Corp
“We have decided that we are gonna go do the Delaware C Corp.”
Muccio: Tether marks the first official investment from The Pitch Fund
“Obviously, I'm excited for this to be the first investment out of the fund.”