Paolo Ardoino addresses Tether’s significant growth and its connection with the US government.
Tether holds about $98 billion of US Treasury Bills, becoming one of the world’s largest US Treasury holders.
One of the key reasons for USDT’s fast-paced growth was its simple and understandable model.
Tether CEO Paolo Ardoino claimed the company had a stronger relationship with the US government than any other stablecoin issuer. This statement comes as Tether approaches its 10-year anniversary and holds nearly $98 billion in US Treasury Bills, making it one of the largest holders globally.
In an interview, Ardoino shed light on Tether’s success, securing a prominent position in the competitive crypto market. He also posited that the platform has maintained a friendship with the United States. He cited its compliance efforts and adherence to the local regulatory rules as one of the reasons for its “very good relationship” with the US. He added, “Tether is the only stablecoin that has onboarded the Federal Bureau of Investigation (FBI) and the United States Secret Service.”
Tether holds about $98 billion of US Treasury Bills, becoming one of t…
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