Thomas Daniels
Tether CEO Paolo Ardoino on Stablecoins and U.S. Legislation
Tether CEO Paolo Ardoino recently shared insights into the future of stablecoins, emphasizing the impact of new regulatory measures from the U.S. government.
Speaking in an interview with Bloomberg TV on Thursday, Ardoino expressed optimism about the Trump administration’s proposed stablecoin bill, stating that it could provide much-needed regulatory clarity and enhance the role of digital U.S. dollars in global finance.
“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.
Tether’s Growth in Emerging Markets
Ardoino highlighted Tether’s exponential growth, particularly in emerging markets and developing nations. The company has seen approximately 40 million new wallets added each quarter, reflecting the increasing demand for stablecoins as an alternative financial instrument.
Strategic Partnership with Cantor Fitzgerald
During the interview, Ardoino also addressed Tether’s collaboration with Cantor Fitzgerald, a key player in traditional finance.
“Our relationship with Cantor is strong, and we are grateful to the fact that they onboarded us,” he stated.
He further explained that Cantor conducted extensive due diligence before permitting Tether to hold U.S. Treasury bills, underscoring the growing acceptance of stablecoins within mainstream financial institutions.
Ardoino also criticized past U.S. regulatory approaches toward cryptocurrencies, remarking that previous administrations had attempted to “almost kill crypto.” The partnership with Cantor Fitzgerald, he suggested, reinforces Tether’s credibility and signals a shift toward broader institutional acceptance of stablecoins.
Why Tether Operates Outside the U.S.
Addressing the question of why Tether is not headquartered in the U.S., Ardoino pointed to the overwhelming global demand for U.S. dollars.
“If you go outside the U.S. and ask a dozen people in the street, ‘Would you prefer to hold the U.S. dollar or your national currency?’ they will all choose the dollar,” he explained.
He noted that approximately 3 billion people lack access to traditional financial systems and are eager for stable, dollar-backed financial solutions. Tether has positioned itself to meet this demand, simultaneously strengthening the global presence of the U.S. dollar while providing financial inclusion to underserved populations.
The Geopolitical Influence of Stablecoins
Ardoino also discussed the broader geopolitical implications of stablecoins, suggesting that they could reinforce the U.S. dollar’s global dominance.
“We are building infrastructure in emerging markets, and I believe these are the last strongholds of support for the U.S. dollar,” he noted.
His remarks highlight Tether’s role in shaping the future of digital finance, bridging gaps between traditional and crypto economies while expanding the influence of the U.S. dollar in international markets.
