Tether's Massive Dollar Bet

This is a U.S. news story, published by MSN, that relates primarily to Tether news.

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dollar stablecoins

MarketWatch

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Business

Business & Economics

Tether is betting big on the U.S. dollar. Why it faces challenges from Trump’s tariffs.

Summary

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Stablecoin issuer Tether made $13 billion last year — more than Goldman Sachs .

CEO Paolo Ardoino : "We are the boots on the ground, building the biggest distribution network, physical and digital, for the U.S. dollar ever in the history of humanity".

“I believe the biggest threat across the board to the U.S. dollar generally is a digital currency backed by gold,” Ardiono said. He noted that the presence of Chinese infrastructure projects across Africa and other emerging markets where Tether is gaining traction is evidence of that country’s ambitions to supplant U.S. power. “That’s why its important for this administration to support dollar stablecoins,” he said. “It’s already hard out there, and we need some backup from the United States .”.

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semi-formal

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English

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not hateful