Tether CEO: Tether has "gone through hellish challenges" in the past few years, yet still maintains its market dominance

Tether CEO Paolo Ardoino stated during his speech at the Cantor Fitzgerald Global Tech Conference in New York that Tether has "gone through hellish challenges" over the past few years, but still maintains a market-leading position and is expanding its business in multiple areas. During his first visit to the United States, Ardoino had discussions with Bitcoin Policy Institute and Strike CEO Jack Mallers, and took a group photo on Capitol Hill in Washington D.C. He admitted that Tether has long been under strict scrutiny by the U.S. Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC) and New York Department of Financial Services (NYDFS), reaching settlements with CFTC and NYDFS in 2021. Currently, Tether's USDT stablecoin occupies more than 60% of the market share with a total market value of $143 billion USD, far exceeding its American competitor Circle ($58 billion USDC). By 2024, Tether will have made profits of $13 billion USD and continues to invest in AI, education as well as tokenization of real-world assets (RWA). Although Tether is headquartered in El Salvador, it has close ties with America including holding nearly $100 billion USD worth of U.S Treasury bonds making it one among top 20 holders globally. In addition to this,Tether cooperates with FBI & Secret Service to combat crypto crimes & invested $775 million USD into right-wing social platform Rumble planning integration for USDT payment functionality. At this conference,Ardoino emphasized an optimistic future outlook for Tether,reiterating importance stablecoins hold towards maintaining global dominance for dollar,in line with latest policy direction from U.S Treasury department.