Umair
Tether CEO Paolo Ardoino shared his thoughts into the future of stablecoins and the impact of new legislation from the White House.
Ardoino stated during a Bloomberg TV interview on Thursday that the Trump administration’s recently proposed stablecoin bill can provide regulatory clarity and would benefit the role of digital U.S. dollars.
“This bill would unlock very much clarity on the stablecoin role for the future of the U.S. dollar and how we should be managed in a very safe and serious way,” Ardoino explained.
He emphasized that Tether’s growth has been remarkable, particularly in emerging markets and developing countries, where the company sees around 40 million new wallets added each quarter.
Partnership with Cantor Fitzgerald
Ardoino also discussed Tether’s strategic partnership with Cantor Fitzgerald.
“Our relationship with Cantor is strong and we are grateful to the fact that they onboarded us,” he said.
He explained that Cantor conducted thorough due diligence on Tether before deciding to allow them to hold U.S. Treasury bills.
“The past administration in the United States just tried to almost kill crypto,” Ardoino added, highlighting the importance of Cantor’s trust and partnership. This relationship reinforces Tether’s credibility within the traditional financial sector, signaling a shift toward broader acceptance of stablecoins in mainstream finance.
Why Tether is not based in the U.S.
When asked why Tether is not based in the U.S., Ardoino pointed to the global demand for U.S. dollars.
“If you go outside the U.S. and you make a dozen people in the street and you ask them, ‘Would you prefer to hold the U.S. dollar or your national currency?’ they will all choose the dollar,” he said.
He further explained that there are 3 billion people “not having access to traditional systems” and are “desperate” to have easy access to the dollar. Tether has strategically positioned itself to meet this demand, contributing to the strength of the dollar abroad while providing financial solutions to underserved populations.
Stablecoins and global influence
Ardoino also discussed the geopolitical importance of stablecoins and how it can positively impact the greenback.
“We are building infrastructure in emerging markets, and I believe these are the last strongholds of support for the U.S. dollar,” he noted.
This reflects Tether’s strategic positioning to strengthen the dollar’s global presence while addressing financial accessibility challenges in underserved markets.
Ardoino’s insights underscore Tether’s pivotal role in the evolving financial landscape, where stablecoins are poised to bridge gaps between traditional and digital economies.
