Paolo Ardoino: Tether’s growth fueled by global demand for U.S. dollars

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Why Tether is the New Black in the World of Dollars 💸

So, there I was, minding my own business, when Tether CEO Paolo Ardoino decided to grace us with his thoughts on the future of stablecoins. You know, just your average Thursday on Bloomberg TV, where the only thing more stable than the coins is the host’s hair gel.

Ardoino, in a moment of sheer clarity, proclaimed that the Trump administration’s latest stablecoin bill could actually provide some regulatory clarity. I mean, who doesn’t love a good bill? It’s like a surprise party, but instead of cake, you get rules! 🎉

“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.

He went on to brag about Tether’s growth, which is apparently so remarkable that it’s like watching a toddler learn to walk—adorable and slightly terrifying. They’re adding around 40 million new wallets each quarter, which is more than I can say for my own wallet, which seems to be on a strict diet.

Partnership with Cantor Fitzgerald

Then, in a plot twist worthy of a daytime soap opera, Ardoino revealed Tether’s strategic partnership with Cantor Fitzgerald. “Our relationship with Cantor is strong,” he said, sounding like a high schooler trying to convince his friends that he’s dating the prom queen.

Apparently, Cantor did some serious digging before letting Tether hold U.S. Treasury bills. I can only imagine the due diligence involved—like a first date where you Google your date’s entire family tree.

“The past administration in the United States just tried to almost kill crypto,” Ardoino added, which is a bit dramatic, don’t you think? It’s like saying your cat almost killed you when it knocked over a glass of water.

Why Tether is not based in the U.S.

When asked why Tether isn’t based in the U.S., Ardoino pointed to the global demand for U.S. dollars. “If you go outside the U.S. and you make a dozen people in the street and you ask them, ‘Would you prefer to hold the U.S. dollar or your national currency?’ they will all choose the dollar,” he said. I mean, who wouldn’t want to hold the currency that’s basically the world’s favorite child?

“If you go outside the U.S. and you make a dozen people in the street and you ask them, ‘Would you prefer to hold the U.S. dollar or your national currency?’ they will all choose the dollar,” he said.

He went on to lament the plight of the 3 billion people who are “desperate” for easy access to the dollar. It’s like a sad episode of a reality show where everyone is just trying to get a taste of the good life.

Stablecoins and global influence

Ardoino also waxed poetic about the geopolitical importance of stablecoins, claiming they could positively impact the greenback. “We are building infrastructure in emerging markets, and I believe these are the last strongholds of support for the U.S. dollar,” he noted. It’s like he’s trying to save the dollar from a midlife crisis.

“We are building infrastructure in emerging markets, and I believe these are the last strongholds of support for the U.S. dollar,” he noted.

In summary, Ardoino’s insights are like a GPS for the evolving financial landscape, guiding us through the twists and turns of traditional and digital economies. Who knew stablecoins could be so… stable? 🤔

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2025-03-13 23:51