The CEO of Tether, Paolo Ardoino, argues that USDT is crucial for maintaining the dominance of the US dollar in global finance. According to Ardoino, Tether has built an extensive physical and digital network over the past decade, reaching various regions and communities, which has contributed to the increasing adoption and trust in USDT and consequently in the US economy. He highlights that USDT is utilized by over 400 million individuals, with a significant growth rate in developing nations.
Ardoino acknowledges that Tether’s success has made them a target for competitors seeking to undermine their position. He emphasizes that attacks on Tether are essentially attacks on the US dollar’s sovereignty. Ardoino asserts that Tether ranks as the 18th largest holder of US dollars in terms of US treasuries.
In conclusion, Ardoino contends that any attempts to weaken Tether are ultimately aimed at destabilizing the US dollar.
