Tether CEO sees Radiant Future for Stablecoins with New legislation
Tether CEO Paolo Ardoino believes new stablecoin legislation from the White House could bring much-needed clarity.During a Bloomberg TV interview, Ardoino said this bill could enhance the role of digital U.S. dollars. “It would clarify how stablecoins should be managed safely,” he explained.
Tether has seen significant growth, especially in emerging markets.The company adds about 40 million new wallets each quarter. Ardoino highlighted Tether’s partnership with Cantor Fitzgerald. “Cantor conducted thorough checks before letting us hold U.S. Treasury bills,” he noted. This partnership boosts Tether’s credibility in traditional finance.
Ardoino also discussed why Tether isn’t based in the U.S. He pointed to the global demand for U.S. dollars. “Outside the U.S., people prefer holding dollars over their local currency,” he said. Tether aims to provide financial solutions to the 3 billion people lacking access to traditional systems.
Stablecoins have geopolitical importance, Ardoino added. “We’re building infrastructure in emerging markets, supporting the U.S. dollar,” he said. Tether’s strategy strengthens the dollar’s global presence while addressing financial accessibility issues.
Ardoino’s insights highlight Tether’s role in bridging traditional and digital economies. Stablecoins are set to play a crucial part in this evolving financial landscape.
