#USDT 💶 CEO Tether: "We are simply exporters of the best product ever created by the USA - the dollar."
CEO Tether gave an interview amidst accusations of ties to the Donald Trump administration and potential influence on crypto regulation in the USA.
**Key points:**
**✧ Tether = Exporter of the US Dollar**
⊹ Tether is the "exporter of the best product created by the USA - the dollar."
⊹ In countries with high inflation (Africa, Latin America, Turkey), people prefer USDT over their national currencies.
**✧ Internal Stablecoin for the USA**
⊹ The company is considering launching a new product - a stablecoin aimed at the American market to compete with PayPal and Cash App.
⊹ Potential launch - end of 2025 to early 2026.
**✧ Tether and Criminal Activity**
⊹ Tether collaborates with the FBI, Secret Service, and 230+ agencies in 50+ countries.
⊹ Monitoring tools are better than banks'.
⊹ Example - freezing assets on the Russian sanctioned exchange Garantex in collaboration with the US Department of Justice.
**✧ Connections with Howard Lutnick**
⊹ Although Cantor Fitzgerald previously managed Tether's reserves, the company claims it does not interact with Howard Lutnick (current US Trade Minister) due to conflicts of interest.
**✧ Backing and Stability**
⊹ USDT is backed by over 100%.
⊹ Reserves include around $120,000,000,000 in US Treasury bonds.
⊹ In 2022, they bought back USDT worth $7,000,000,000 in 48 hours - more than any bank in a similar situation.
**✧ Tether = Protecting the Dollar from BRICS?**
⊹ The company sees its mission as strategically important to maintain the influence of the dollar in countries where alternatives are actively promoted - especially by China.
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