News from #USDT

💶 CEO Tether : We are simply exporters of the best product the US has ever created: the dollar.

Paolo Ardoino gave an interview amid allegations of ties to the Donald Trump administration and possible influence on crypto regulation in the US.

Key points:

✧ Tether = US dollar export

⊹ Tether is “an exporter of the best thing the US has ever created – the dollar.”

⊹ In countries with high inflation (Africa, Latin America, Türkiye) people prefer USDT to their national currencies.

✧ Domestic stablecoin for the US

⊹ The company is considering launching a new product - a stablecoin aimed at the American market and competing with PayPal and Cash App.

⊹ Potential launch: late 2025 – early 2026.

✧ Tether and Crime

⊹ Tether cooperates with the FBI, Secret Service and 230+ agencies in 50+ countries.

⊹ Monitoring tools are better than those of banks.

⊹ Example: freezing of assets on the Russian sanctions exchange Garantex together with the US Department of Justice.

✧ Connections with Howard Lutnick

⊹ Although Cantor Fitzgerald previously managed Tether's reserves, the company says it does not interact with Howard Lutnick (the current US Secretary of Commerce) due to conflicts of interest.

✧ Security and stability

⊹ USDT is more than 100% backed.

⊹ Reserves contain approximately $120,000,000,000 in US Treasury bonds.

⊹ In 2022, USDT was bought back for $7,000,000,000 in 48 hours - more than any bank in a similar situation.

✧ Tether = dollar protection from BRICS?

⊹The company considers its mission strategically important to maintain the influence of the dollar in countries where alternatives are actively promoted - especially by China.

Previously:

- the dollar is losing its monopoly

- 7.7 tons of gold

- Tether and 21 Capital

- Tether and Cantor Fitzgerald