Paolo Ardoino, CEO of Tether Holdings SA, discusses Bitcoin adoption and stablecoin regulations at the Plan B Forum Bitcoin conference in El Salvador. Tether launches USAT, a U.S.-regulated stablecoin, to comply with new federal rules and compete with Circle’s USDC. Tether’s CEO aims to break into the U.S. market.
Tether’s USDT, a digital dollar with a market cap larger than all stablecoin competitors combined, is growing rapidly with 536 million users. Ardoino highlights Tether’s impact on financial inclusion in countries with weak currencies. He dismisses claims of Tether’s misuse, stating most usage is by law-abiding citizens.
Tether’s technology enables quick freezing of funds to prevent illicit activity, with $3.5 billion in tokens frozen, mostly belonging to scam victims. Ardoino emphasizes Tether’s cooperation with law enforcement agencies globally. Despite criticism, Tether has survived challenges and remains stable in the market, with Ardoino confident in the company’s resilience.
Ardoino recalls a stablecoin collapse in 2022, highlighting Tether’s ability to withstand redemptions. He contrasts Tether’s stability with a rival’s struggles during a bank run without naming the competitor. Tether’s track record and cooperation with law enforcement demonstrate its commitment to security and compliance in the stablecoin market. Paolo Ardoino, CEO of Tether Holdings SA, spoke at a Bitcoin conference in El Salvador, discussing nation-state Bitcoin adoption and Tether’s $30 billion in reserves held at Cantor Fitzgerald, led by Howard Lutnick. Tether reported over $15 billion in profits for 2025 and is not eager to share yields due to pending legislation. Ardoino’s vision extends to Tether Gold, AI, and other investments, aiming to serve the underserved and position Tether as a stable company for the future. Paolo Ardoino, CEO of Tether Holdings SA, discusses Tether’s impact on financial stability for millions at Bitcoin conference in El Salvador. He addresses political risks and advocates for Tether’s role in financial inclusion. Ardoino will be speaking at TechCrunch Disrupt in San Francisco on October 13-15.
Read more at Bloomberg.: Why Tether’s CEO is everywhere right now