Key Takeaways from Paolo Ardoino's Interview on USDT's Role in Global Markets

In a recent interview with CNBC , Tether's CEO, Paolo Ardoino, discussed USDT's role in global markets, its legal collaborations, and future plans, including a potential U.S.-only stablecoin.

Key Takeaways:

* Tether, the company behind USDT, is one of the most legally engaged stablecoins in the global market.

* In an interview with CNBC, Tether’s CEO, Paolo Ardoino, discussed USDT’s role in global markets, its legal collaborations, and future plans, including a potential U.S.-only stablecoin.

* Among the legal partners are some of the most prominent U.S. agencies, showcasing Tether’s leadership in the legal space.

* Despite criticism over the company’s role in illegal activities and rumors of insolvency, Ardoino was keen to highlight Tether’s proactivity in tackling illicit use. He claims that Tether often freezes funds linked to criminal activity, even before a court order is issued.

* To address longstanding concerns about USDT’s reserves and stability, Ardoino highlighted the company’s significant U.S. Treasury holdings, which he said are around $120 billion. He asserted that USDT’s reserves always exceed its circulating supply.

* However, Tether has faced scrutiny for not conducting third-party audits of its reserves. Instead, the company provides regular quarterly updates that detail its holdings, which include U.S. Treasuries and cash equivalents.

* In Europe, some major exchanges have delisted USDT due to new regulations that mandate completeoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability andoperability 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