Tether CEO Paolo Ardoino defends the company’s role in the US financial system, saying its $115 billion Treasury holding is more resilient in US debt.
At an event at the Rbitcoin Policy Institute on March 11, Ardoino argued that Tether (USDT) investments would help diversify and strengthen US debt. “We did more for financial inclusion than anyone else,” he said. “And while we’re doing that, we’ll buy back our debts. If we’re a country, we’ll be the 18th largest owner of the US Treasury.”
Tether helps protect US debt pic.twitter.com/nmvoeqbqtf
-March 11, 2025, Paolo ardoino🤖 (@paoloardoino)
According to data from Defilama, Tether maintains control of the Stablecoin market, leading a market capitalization of 63% of market share and $143 billion. Despite a regulatory setback in Europe, the company recorded a record net profit of $13 billion in 2024, according to Forbes.
Tether had to scale back its European business, but its main competitor, the circle, gained traction for its compliance with the market for code breaking regulations.
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Tether’s USDT Stablecoin is registered on several European exchanges, including Binance, which announced on March 31 that it would stop accepting USDT from users in the European economy. Similar behavior has been taken by other companies, such as Crypto.com and Kraken.
Tethers could face challenges in the US due to new regulations. If the proposed Stablecoin Bill prevents offshore issuers from accessing the US financial market, we will need to change our preparatory measures.
As regulatory pressures grew, Tether made the strategic decision to move its headquarters to El Salvador after securing its digital asset service provider license in January. The business will establish a physical location in El Salvador, but the majority of the business will continue to be carried out remotely.
read more: US Bank Lawyer: Stable Coin needs similar regulations to banks
