An exclusive interview with Tether CEO Paolo Ardoino discussing Tether’s strategic evolution, financial independence, new products, and the impact of US politics on the stablecoin market.
Points
- Tether’s strategic shift beyond being just a stablecoin company.
- Financial independence achieved through substantial earnings.
- Introduction of new blockchain-based financial products.
- Impact of US political landscape on Tether and the stablecoin market.
In an exclusive interview with Forbes, Tether CEO Paolo Ardoino shared insights into Tether’s strategic evolution and future plans. Since taking over as CEO in December, Ardoino has spearheaded significant changes, positioning Tether as more than just a stablecoin company. With over 350 million users globally, Tether’s USDT is the largest stablecoin by volume and is seen as the “digital dollar” for millions worldwide.
Ardoino’s vision extends beyond finance, with investments in telecommunications and education to address inefficiencies. Tether is developing Holepunch, a peer-to-peer communication protocol, and exploring educational technologies to provide better tools for students, especially post-pandemic.
Financially, Tether’s success has enabled it to invest significantly without relying on external funding. With $11 billion earned over the past two years, Tether can pursue projects that promote financial inclusion and technological innovation. Ardoino emphasizes the importance of disintermediation, resiliency, and independence, highlighting the need for local control over technology, communication systems, and energy production.
Tether is preparing to launch new blockchain-based financial products by the end of the year. Ardoino clarified that Tether itself will not launch a blockchain but will develop impactful technologies. He also addressed regulatory challenges, citing political pressures and market dynamics as obstacles to the long-awaited audit of Tether.
Ardoino expressed cautious optimism about the potential impact of a Trump administration on the crypto industry. He hopes for reduced regulatory pressure and greater clarity, which could solidify the US’s leadership in the crypto space. However, he has concerns about the European Union’s Markets in Crypto-Assets （MiCA） regulation, particularly the requirement for stablecoins to hold 60% of their reserves in uninsured cash deposits.
解説
- Strategic Evolution: Tether’s shift from being merely a stablecoin company to a multifaceted organization addresses broader technological and financial challenges.
- Financial Independence: Tether’s substantial earnings enable significant investments without external funding, fostering innovation and financial inclusion.
- Regulatory Challenges: Political and regulatory landscapes significantly impact Tether’s operations and strategies, highlighting the need for favorable and clear regulations.
- Future Prospects: Tether’s focus on impactful technologies and financial products positions it as a leader in the evolving digital finance landscape.