Tether CEO Paolo Ardoino Champions USDT's Global Role Against Inflation and Outlines Growth

Tether CEO Paolo Ardoino Champions USDT's Global Role Against Inflation and Outlines Growth



Former CTO and current CEO of Tether, Paolo Ardoino, recently spotlighted the substantial profits of the foremost stablecoin project and stressed the worldwide adoption of USDT as protection against inflation.



In conversation with the Wolf of All Streets Podcast, Ardoino shared that despite market instability, Tether's (USDT) circulation has expanded over the last year. The organization backs its currency with its own assets and capital, stemming from investments in US treasuries and short-term holdings managed with due diligence. He disclosed that Tether retains a considerable sum of $72.6 billion in US treasury bills.



Ardoino underlined Tether's commitment to upholding a stablecoin pegged at parity with the US dollar. In the final quarter of 2022, Tether realized a profit of $700 million. Despite close scrutiny from the public


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#Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #Tether

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