Tether CEO Sees Bright Future for Stablecoins Amid New Legislation
Tether CEO Paolo ardoino believes new stablecoin legislation could bring much-needed clarity. During a Bloomberg TV interview,Ardoino said the proposed bill by the Trump administration could benefit digital U.S. dollars.
“This bill would clarify the role of stablecoins in the future of the U.S. dollar,” Ardoino explained.He noted Tether’s notable growth, especially in emerging markets, with about 40 million new wallets added each quarter.
Ardoino also highlighted Tether’s partnership with Cantor Fitzgerald. “Cantor conducted thorough due diligence before allowing us to hold U.S. Treasury bills,” he said. This partnership boosts Tether’s credibility in traditional finance.
When asked why Tether isn’t based in the U.S., Ardoino pointed to global demand for the U.S. dollar. “Outside the U.S., people prefer holding dollars over their national currencies,” he noted. Tether aims to meet this demand, especially for the 3 billion people lacking access to traditional systems.
Ardoino sees stablecoins as crucial for the dollar’s global influence. “We’re building infrastructure in emerging markets,supporting the U.S.dollar,” he said. This strategic move strengthens the dollar’s presence while addressing financial accessibility.
Ardoino’s insights highlight tether’s role in bridging traditional and digital economies.Stablecoins, he believes, are key to this evolving financial landscape.
