EddieJayonCrypto
13 Mar 25
Tether CEO Paolo Ardoino emphasized Tether's role as a crucial ally for the US in preserving the dollar's global dominance during a presentation at Cantor Fitzgerald’s Global Technology Conference. He highlighted Tether's growth and its connection to the US dollar, stating that Tether's goal is to b...
Tether CEO Paolo Ardoino asserted Tether's role as a significant ally for the US in maintaining the dollar's global dominance during a presentation at Cantor Fitzgerald’s Global Technology Conference. He emphasized Tether's transparency and substantial holdings in US Treasuries, positioning the company as a key player in safeguarding the US dollar's supremacy amidst emerging challenges. Ardoino highlighted Tether's growth and its connection to the US dollar, stating that Tether's goal is to be the most transparent company. He also discussed Tether's 13% user growth over the past quarter, reaching 400 million users worldwide, crediting Tether and stablecoins' growth to the US dollar. Ardoino claimed Tether is the only way people can access the US dollar in many emerging markets, significantly spreading US presence via stablecoins. He also warned about the impending threat of BRICS launching a gold-backed coin to challenge the US dollar's dominance in the global market.
Ardoino argued that Tether is the "most important ally for the US" in maintaining the dollar's dominance in the global economy. He noted that Tether holds $113 billion in US Treasuries, making it the 19th largest US debt holder and placing it ahead of most countries in the world. Ardoino reiterated his previous speech at the Bitcoin Policy Institute's event, "Bitcoin for America," about USDT's role in safeguarding the US dollar's dominance, emphasizing that Tether is crucial in maintaining the dollar's global hegemony. He highlighted the significance of USDT in providing access to the US dollar in emerging markets, especially with the potential challenges from other currencies like a gold-backed coin from BRICS.