Tether CEO: USDT Is the Frontline of U.S. Dollar Dominance

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.

Paolo Ardoino, CEO of Tether, has claimed that the company’s flagship stablecoin, USDT, is aiding in bolstering the U.S. dollar’s global standing.

During a Friday interview on CNBC, Ardoino asserted that Tether is serving as a key protector of the greenback.

“We are the stronghold for the U.S. dollar hegemony,” said Ardoino, adding that Tether is focused on fostering financial inclusion and expanding the dollar’s presence through digital avenues.

Positioning Tether not merely as a crypto entity but a broader financial force, Ardoino stated that the company now holds more U.S. Treasuries than Germany, Spain, and Australia.

“If we were a nation, we would be the 18th largest holder of U.S. Treasuries,” he remarked.

As of Friday, USDT’s market cap has exceeded $152 billion, making it the most used stablecoin worldwide, according to CoinGecko.

Cetus Protocol Hacked for $260M: Sui DeFi in Crisis as Binance Steps In

Transparency and Auditing

Ardoino also addressed ongoing concerns regarding transparency and auditing. Tether’s quarterly attestations are currently conducted by BDO, the fifth-largest auditing firm globally. He noted that the “Big Four” auditors—PwC, Deloitte, EY, and KPMG—remain hesitant, but discussions are ongoing.

Despite past controversies, Tether appears intent on positioning itself not just for crypto utility but also as a U.S. financial presence abroad, using its global reach to channel U.S. dollar liquidity into emerging markets and decentralized ecosystems.

As the digital dollar landscape evolves, Ardoino’s comments suggest that USDT could serve as a key part of future U.S. economic diplomacy.