Paolo Ardoino, CEO of Tether, reflects on the company's evolution in the changing regulatory environment. Tether, once viewed skeptically, is now one of the most traded cryptocurrencies and is the 17th largest holder of US government debt. The company's stable value stems from being pegged to the dollar, backed by significant assets like treasury bonds. While navigating scrutiny from regulators and accusations of anti-money-laundering violations, Tether has become crucial for investors in countries with unstable currencies, highlighting its established status in the crypto landscape.
"When you're trying to be a disruptor in a good sense, you are going to always be attacked by the establishment."
"Tether currently is the 17th largest holder of US government debt, with nearly as much treasury bonds in its digital vaults as Saudi Arabia."
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