Exclusive Interview with Tether CEO: Legislation, Competition, and Global Strategy

Tether CEO Paolo Ardoino recently interviewed with Bankless, sharing his views on the development of the stablecoin industry. As a pioneer in the stablecoin field, Tether has always been at the forefront of the industry. With the advancement of the U.S. GENIUS Act, the stablecoin industry is about to enter a new stage of development.

Legislation and Regulation

Paolo stated that the passage of the GENIUS Act is an important milestone in the development of the stablecoin industry. It provides a clear regulatory framework for stablecoins, which helps the long-term healthy development of the industry. Tether is confident in meeting the requirements of the Act, as the company has strong profitability and asset reserves.

Paolo believes that the bill will provide a fair competitive opportunity for offshore stablecoin issuers like Tether. He pointed out that Tether is already in a favorable position regarding compliance, maintaining close cooperation with multiple global law enforcement agencies.

Business Models and Competition

Paolo pointed out that stablecoins have different application scenarios and business models in the United States and other regions. In the United States, stablecoins may evolve into tokenized money market funds. In emerging markets, stablecoins can significantly improve financial efficiency and have greater development potential.

The advantage of Tether lies in its global distribution network. The company has established a wide range of physical touchpoints in regions such as Africa and Latin America, reaching millions of users. This bottom-up promotional approach is key to Tether's success.

Global Layout and Investment

Tether is actively laying out its global market strategy, especially in emerging markets. The company has launched an innovative solar-powered financial services kiosk project in Africa, providing electricity and financial services to local residents.

In terms of investment, Tether adopts a diversified strategy that covers traditional assets, emerging technologies, and global promotional opportunities. The company holds a large amount of U.S. Treasury bonds and gold, while also investing in agriculture, artificial intelligence, and other fields. Distribution channels are an important consideration for Tether when evaluating investments.

Views on Bitcoin

Paolo expresses a special affection for Bitcoin, believing that Bitcoin has ultimate inclusivity. He envisions the Bitcoin main chain becoming the settlement layer for layer two networks, while various innovative applications will be anchored on top of Bitcoin.

Conclusion

Paolo emphasized that Tether has brought many benefits to the United States, including promoting financial inclusion, expanding the influence of the dollar, and purchasing U.S. Treasury bonds. Despite past controversies, Tether is proving its value through practical actions and contributing to the development of the stablecoin industry and the cryptocurrency market.