Tether CEO Paolo Ardoino emphasized USDT's critical role in supporting the US dollar during a recent CNBC interview, alongside discussions on audit transparency.
Dollar Hegemony and Tether's Role
During his CNBC appearance, Paolo Ardoino noted that Tether has created three important features for currency, including financial inclusion. "We are the stronghold for the US dollar hegemony," he stated.
US Treasury Holdings Data
Ardoino stressed that Tether holds more US Treasuries than nations such as Germany, Spain, and Australia, stating, "If we were a nation, we would be the 18th largest nation holding US Treasuries."
Transparency and Audit
According to Ardoino, Tether's quarterly attestation is conducted by BDO, the fifth-largest auditor in the world. He emphasized that hiring a 'Big Four' auditing firm remains Tether's top priority, despite their cautious approach.
Paolo Ardoino's remarks highlight the ongoing trends in the stablecoin market and the critical importance of transparency in building investor trust.
