Stablecoins, such as Tether, are attracting considerable attention. Last year when the Stripe CEO Patrick Collison, called stablecoins “room-temperature superconductors”
In a recent interview, Paolo Ardoino, chief executive officer of Tether Holdings Ltd., discussed the U.S. government’s decision to regulate stablecoins and what the GENIUS Act can do to help promote stablecoins.
Ardoino believes that the U.S. is best placed to lead in the future of money and payments. He noted the role of institutions like Stripe, which began by processing e-commerce payments and has since expanded into broader financial services, becoming a user of and investor in Bridge Token.
“I think that what Patrick Collison said last year about Stripe being able to pivot quickly and easily is a temperature differential, and that's what's going to be interesting to watch going forward,” Ardoino said.
He added that the ability to move money around without hassle will undoubtedly reshape the global financial system, because stablecoins are about more than making payments cheaper for supermarkets or easier for small businesses in other countries.
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