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 recently highlighted the company’s strong ties with the US government, boasting a relationship stronger than that of its competitors. As Tether nears its 10-year anniversary, Ardoino remains confident of its connection with the US government, especially due to its significant holding of US debt to back its USDT stablecoin.
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 onboarded the Federal Bureau of Investigation and the United States Secret Service.”
Tether holds about $98 billi…
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