Tether thinks Jack Mallers will keep focus on Twenty One’s BTC, not USDT
Jack Mallers is helming a trendy new crypto company, Twenty One. The newly announced MicroStrategy competitor, controlled by stablecoin giant Tether and its sister crypto exchange Bitfinex, plans to tap capital markets to leverage billions of dollars worth of bitcoin (BTC). Tether/Bitfinex has decided that a former marijuana industry entrepreneur-turned-Tether app operator would be the perfect CEO to take on Michael Saylor. Mallers cultivated a BTC-only brand for years — even while using altcoins like tether (USDT) for core business operations. This month, he’s continued to boast about his BTC-only ethos on national TV appearances promoting his new venture. As CEO of Twenty One, he will somehow use bond offerings, new software, and various financial services to grow the company’s BTC on an accretive basis over time. In repeated press appearances this week, Mallers has emphasized that owners of stock in Cantor Equity Partners (CEP), which will eventually chan...