Tether’s USDT is Strategic for Dollar’s Global Dominance, Says CEO Paolo Ardoino

• USDT crucial for dollar dominance
• Tether strategy against BRICS movements
• Tether’s growth boosts dollar presence

Tether CEO Paolo Ardoino has highlighted the importance of the USDT stablecoin as a pillar for preserving the dollar’s ​​supremacy in the global economic landscape. In his presentation at the Cantor Fitzgerald Global Technology Conference on March 12, Ardoino argued that Tether is the “most important ally of the United States” in maintaining the dollar’s ​​leadership.

During the event, Ardoino also commented on the influence of successful business models, such as those of Strategy and Tether itself, on the cryptocurrency market, highlighting them as “very profitable and interesting”. According to him, Tether USD (USDT) was fundamental to the emergence and stabilization of the stablecoin market, directly contributing to the company’s impressive growth, which recorded a 13% increase in the number of users in the last quarter, reaching the mark of 400 million global users.

“Is it because we’re great at marketing? Is it because we’re fantastic? No. The reason the growth is so fast is that if you go outside the U.S. and stop 1.000 people on the street and ask them if they’d rather hold the U.S. dollar or if they’d rather hold their national currency, every single one of them will say, ‘I’d rather hold the dollar,’” Ardoino explained.

CEO of @Tether_to , @paoloardoino , speak at Cantor's Global Tech Conference. #CantorTech https://t.co/2z8d46WDMG

— Singer (@Official_Cantor) March 12, 2025

In a context of increasing global monetary competition, especially with the BRICS countries moving towards launching a gold-backed currency, Ardoino reinforced Tether’s strategic position. He argued that the company, which holds $113 billion in U.S. Treasuries, ranks as the 19th largest holder of U.S. debt, outperforming most countries.

Ardoino reiterated his point at the Bitcoin Policy Institute’s “Bitcoin for America” event, highlighting the crucial role of USDT in maintaining dollar dominance. “They [BRICS] will eventually announce a gold-backed currency, and when they build all the infrastructure in emerging markets, when they build roads, when they build everything you can imagine, it will be very easy to push a new currency. […] And the point is: there is only Tether in these countries to push forward the dollar hegemony.”