Paolo Ardoino, CEO of Tether, asserted on Friday during a CNBC appearance that the company’s flagship stablecoin, USDT, is playing a pivotal role in reinforcing the global dominance of the U.S. dollar.
“We are the stronghold for the U.S. dollar hegemony,” Ardoino stated, highlighting Tether’s mission to support financial inclusion while extending the dollar’s influence across the globe via digital rails.
Ardoino positioned Tether not only as a key player in crypto but as a strategic force in global finance, pointing out that the company now holds more U.S. Treasuries than countries like Germany, Spain, and Australia.
“If we were a nation, we would be the 18th largest holder of U.S. Treasuries,” he said.
As of May 2025, USDT’s market cap has surpassed $152 billion, according to CoinGecko, solidifying its position as the most widely used stablecoin globally.
Transparency and Auditing
Ardoino also addressed ongoing concerns around transparency and auditing. Tether’s quarterly attestations are currently conducted by BDO, the fifth-largest auditing firm globally. He acknowledged that the “Big Four” auditors—PwC, Deloitte, EY, and KPMG—remain cautious but confirmed that discussions are ongoing.
Despite past controversies, Tether appears determined to position itself not just as a crypto utility, but as a pillar of U.S. financial influence abroad, leveraging its global footprint to spread U.S. dollar liquidity into emerging markets and decentralized ecosystems.
As the digital dollar landscape evolves, Ardoino’s remarks suggest that USDT could serve as a cornerstone of future U.S. economic diplomacy.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/tether-ceo-usdt-is-the-frontline-of-u-s-dollar-dominance/