Tether, the creator of the largest US dollar-backed cryptocurrency, is confident in its ties with the US government. The firm's substantial US debt holdings support its stablecoin, Tether USDt. CEO Paolo Ardoino discussed Tether's growth and success in the industry, emphasizing simplicity and focus on stablecoins. Tether's market cap has soared over the years, surpassing $100 billion in 2024. Ardoino highlighted Tether's understanding of the stablecoin market's needs, particularly in developing countries. Despite facing criticisms, Tether has improved transparency and compliance efforts. Ardoino stressed the importance of competition in the stablecoin market and Tether's positive relationship with the US government. Tether's significant US Treasury holdings further solidify its position as a key player in the cryptocurrency industry. Read more AI-generated news on: https://app.chaingpt.org/news