Tether CEO Paolo Aldoino argued that Tether is “the most important ally for the United States” in its goal of maintaining dominance of the dollar in the world economy.
He made a statement during that time. a presentation At Cantor Fitzgerald’s Global Technology Conference on March 12, he also said he wanted to copy the strategy or Tether business model because crypto companies are “very profitable and exciting.”
Ardoino said Tether USD (USDT) is the product responsible for creating the Stablecoin industry. He also highlighted the company’s 13% user growth over the past quarter, reaching 400 million users worldwide.
Ardoino praised the US dollar for the growth of Tether and Stablecoins. He explained:
“Is it because we are good at marketing? Is that because we are great? No. The reason why we grow so quickly is that when we go outside the US, we stop 1,000 people on the streets and ask if we prefer to hold the US dollar or hold the currency of the country.
An important alliance for the United States
Ardoino also said that Tether’s goal is to become the most transparent company in the world, claiming that the company is an important ally to the US in its goal of maintaining Dollar’s global hegemony.
He said Tether has $113 billion in the US Treasury, becoming the 19th largest US debt holder, and will go ahead of most countries around the world.
Aldoino repeated his March 11 speech at Bitcoin Policy Institute’s event Bitcoin for America about the role of USDT. Protects the control of the US dollar.
He argued that USDT is the only way that you can access the US dollar in many emerging markets, and that these countries have greatly spread our presence in ridiculous countries.
According to Ardoino, this is especially important due to the imminent threat of BRICS. It is preparing to launch gold-supported coins to challenge the US dollar’s dominance in the global market.
He added:
“They (BRICS) will finally announce gold-backed currencies. When they build the entire infrastructure in a new market, when they build roads, everything you can think of, pushing new currencies is very easy. (…) And the problem is, these countries have connections to advance dollar hegemony.”
