Paolo Ardoino, the chief executive officer at stablecoin giant Tether, has taken to his account on social media giant X (formerly known as Twitter) to talk Bitcoin with the vast crypto community.

In particular, he gave them food for thought by revealing one of Bitcoin’s key virtues.

Ardoino praises Bitcoin as it top $122,000

In his recent tweet, the CEO of Tether praised Bitcoin, stating that BTC means stability and certainty in an unstable market and economic environment.

“Bitcoin is certainty,” the Tether CEO tweeted.

Over the weekend, the world’s largest cryptocurrency demonstrated impressive price growth, adding roughly 5% and rising from $116,450 to slightly above the $122,000 mark. The surge took place after U.S. President Trump signed an executive order, allowing 401(k) retirement funds to expand their investments to risky assets, including Bitcoin and altcoins.

By now, BTC is down 1.84% from that local peak and is changing hands at $119,930.

You Might Also Like

Bitcoin holds well amid coming stock market crash: Kiyosaki

Financial guru Robert Kiyosaki, known for his bestselling book “Rich Dad Poor Dad,” has once again published a warning, predicting an upcoming “massive [stock market] crash.”

He has been making such a prediction particularly frequently this year, promising that when stocks and bonds crash, it will bring “good news” for those who hold Bitcoin, gold and silver. This is precisely what he said in his recently posted tweet.

However, even if Bitcoin crashes, he has tweeted several times, this will be great news as well because BTC will get cheaper, and he said that then he would only buy more of it.

The CEO of Tether Holdings, Paolo Ardoino, is highlighting that the USDT stablecoin is largely backed by an asset widely regarded as safe and highly liquid.

In a new CNBC interview, Ardoino says if Tether were a country, the USDT issuer would rank among the top 20 largest foreign holders of US Treasuries.

“We have $152 billion now in issued tokens. And we have $172 billion in total reserves. We have more than $125 billion in US Treasuries, and the rest is very, very high liquid assets.

We own more Treasuries than Germany. Well, Tether is not a nation, but if we were a nation, we would be the 18th-largest nation holding US Treasuries.

We have more Treasuries than Germany, UAE [United Arab Emirates], Spain, Australia and we are growing. Our approach is to keep growing our US Treasuries base.”

As of March, Germany and the UAE held $111.4 billion and $104.4 billion in US Treasuries, respectively, according to US Treasury data. The countries that hold more US Treasuries than Tether as of March are Japan, China, the United Kingdom, Cayman Islands, Canada, Luxembourg, Belgium, France, Ireland, Switzerland, Taiwan, Hong Kong, Singapore, India, Brazil, Norway, Saudi Arabia and South Korea.

Last week, the U.S. Treasury Secretary Scott Bessent said stablecoins could serve as a major source of demand for the government debt.

“I’ve seen estimates that just over the short term, stablecoins could create $2 trillion of demand for US Treasuries and Treasury bills. Put that in context, the number is probably about $300 billion right now…”

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Tether chief executive Paolo Ardoino reportedly says that the stablecoin issuer will stay focused on foreign markets as a stablecoin regulatory bill works through Congress.

According to a new report by Bloomberg, Ardoino says that even though the Genius Act, an industry-backed bill to regulate dollar-pegged crypto assets in the US, is making its way through Congress, Tether will remain focused overseas.

“It is important for us to see how the Genius Act is distinguishing between foreign issuers and domestic issuers. For us, the main interest will remain outside of the US. We are looking at the Genius Act in a way that will allow us to be compliant. We can be compliant while still having a strong focus on foreign markets.”

Tether, which is based in El Salvador, is the largest stablecoin issuer in the world but stopped serving customers in the US in 2018.

However, the report says that if Tether were to focus on the US, it may run into issues such as backing USDT with Bitcoin (BTC), which currently isn’t allowed due to regulations.

Ardoino goes on to say that since Tether isn’t focused on the US, the firm isn’t worried about major banks – such as JPMorgan Chase, Bank of America, Citigroup, Wells Fargo – venturing into the world of stablecoins and issuing their own.

“We are not worried about the competitors coming from big banks, because they will look at the Western world. Our customer base are the 3 billion people unbanked that are not touching the banking system.”

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Paolo Ardoino, the chief executive of USDT issuer Tether, thinks many European banks will “blow up” in the coming years.

In a new interview with Pascal Hügli, Ardoino blasts European Union stablecoin regulations, arguing that they increase systemic risk to the economy rather than doing the opposite.

“So remember, their regulation was pushing us to keep 60% of our reserves in uninsured cash deposits in Europe. So let’s make this simple math calculation, right?

Imagine that you have €10 billion in market cap of your stablecoin in Europe. 60% needs to be kept in uninsured cash deposits in a bank. Uninsured cash deposit means that bank insurance in Europe is only €100,000…

Now, of those €6 billion, you know that European banks – well, all the banks – are doing fractional reserves, so they can lend out 90% of it to people that want to buy a house, that want to start a business, or to public works or whatever.

So €5.4 billion will be lent out by the bank and €600 million will be kept…

So imagine that you have a redemption of 20%, so you need to pay out €2 billion. You go to the bank and you tell the bank, ‘Well, I want €2 billion.’

And the bank says, ‘Well, I only have €600 million.’ As a stablecoin issuer, you go bankrupt. Not because of you, but because of the bank. So the bank goes bankrupt and you go bankrupt.”

Ardoino says the regulations are designed to bring liquidity to the banks. He claims that the big financial institutions in Europe won’t bank stablecoins, so stablecoin issuers following EU regulations will be forced to rely on smaller banks with more risk.

According to Ardoino, the setup will lead to a banking crisis in Europe.

“Mark my words, as happened with Silicon Valley Bank, that, by the way, almost killed them in 2023, they will face the same issues. Banks will blow up in the next years also in Europe…

Many banks will blow up in Europe in the next few years.”

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

April 21st “Bitcoin is a unique asset that all of its rules are based on mathematics.” -Paolo Ardoino

CTO Bitfinex -Paolo Ardoino revealed his views on the decentralized financial revolution in Bitcoin News in a previous interview. And why financial freedom focuses on Bitfinex’s mission.

1. “Spark” Bitcoin: In 2012, Ardoino “Sunstroke” Bitcoin is due to the idea that it gives everyone, especially billions of people who don’t have bank accounts, the right to self-manage their property. “A global financial revolution!”

2. “Freedom” philosophy: Bitcoin is a commitment to the financial freedom, decentralization and awarding of personal assets. Ardoino has achieved this by developing secure, transparent P2P technology.

3. Success = Practical Application: Bitcoin’s success is not the price, but the fact that people believe it more than traditional currency. “Bitcoin is managed by mathematics, not policy! Peers (P2P) is a revolution!” Education is the key to helping people understand Bitcoin’s core values.

4. Bitfinex’s greatest creativity:

The creative possibilities of Bitfinex lie in building tools to help financial sovereignty become practical and expandable. This means that we continue to promote the limits of performance, security and openness not only for traders, but also for developers, creators and communities.

We are more than just trading platforms. Bitfinex has evolved from a very fast API from trader programming APIs to P2P protocols to a high-performance financial technology stack to support communication and connectivity at will. I am particularly interested in integrating P2P infrastructure to build recovery in regions where access to traditional financial products is limited or threatened.

It’s a real creative place that happens – at the boundaries where technology meets people’s daily needs. Whether you’re activated with microscope payments via Lightning or building anti-sensorship protocols through projects like HolePunch, our focus is expanding access as well as liquidity.

5. “Maximalist” Choice: Ardoino believes Bitcoin is uniquely “Northern Star”, but does not rule out other technologies if it serves humans and is suitable for a decentralized and autonomous spirit.

6. Reduce the distance: Bitcoin is not only priced, but in principle it is shady and censored. “The foundation is the ability to recover, privacy and decentralization!”

7. Balance between “Bitcoin Spirit” and Web3/defi: The core spirit of Bitcoin is “guidelines.” Bitfinex accesses new technologies based on the prism of Bitcoin principles. It strengthens freedom and personal recovery.

8. Value-Building Community: The most valuable relationships are for those who build, educate and protect Bitcoin’s core values ​​through actual actions.

9. Bitfinex Route – Towards the Organization: It focuses on meeting your infrastructure needs, reliability, speed and compliance for large investments and organizational funding.

10. Advice for new people: Focus on building real value: contributions by improving source code, education, project improvements, and solving practical problems. “Don’t chase the ‘hype’. Immerse yourself in the enduring rhythm of Bitcoin. ”

11. heritage: Contribute to making Bitcoin more accessible: Ardoino doesn’t need a name. We want to contribute to building a system that makes Bitcoin more useful to everyone.

12. Question for Satoshi: If Ardoino could go back to time and ask Satoshi questions, it would probably be “Do you think you’re trying to cause a financial revolution?”

Because it is precisely Bitcoin, it is proof that humans can overthrow the current financial background and bring about the balance and the ability to recover our global economy is in need. This is just the beginning.

This was the overall interview with Paolo Ardoino, CTO Bitfinex and CEO Tether.

– –

Don’t forget to follow the bitfinex Vietnam Community telegram, Twitter & Facebook To update articles, information and events as soon as possible!

]]> https://earlybirdsinvest.com/bitcoin-is-a-unique-asset-that-all-of-its-rules-are-based-on-mathematics-paolo-ardoino/feed/ 0 32019 https://earlybirdsinvest.com/tethers-paolo-ardoino-says-stablecoin-issuer-has-been-through-hell-is-cheered-on-at-cantor-conference/ https://earlybirdsinvest.com/tethers-paolo-ardoino-says-stablecoin-issuer-has-been-through-hell-is-cheered-on-at-cantor-conference/#respond Thu, 13 Mar 2025 06:35:02 +0000 https://earlybirdsinvest.com/tethers-paolo-ardoino-says-stablecoin-issuer-has-been-through-hell-is-cheered-on-at-cantor-conference/

Tether CEO Paolo Ardoino says USDT will help to successfully keep the US dollar on top of the global financial power structure.

In a new post to the social media platform X, Ardoino makes his argument for why USDT is the “most successful tool” for the US dollar maintaining its hegemony.

“Tether built, over the last decade, the widest physical and digital distribution network, spacing from thousands of kiosks in Africa and South America to digital remittances platforms, from payment backbones to institutional tools.

Every single day our teams and portfolio companies are with their boots on the ground in countless areas within developing countries, helping communities and growing utilization, trust and education into USDT and by reflection into the US economy.”

Ardoino notes that USDT is held by more than 400 million people, growing at a pace of 35 million new wallets per quarter, or 140 million new wallets per year. He also says USDT is doing especially well in developing countries.

Tether’s success, says Ardoino, has come at the price of a target on their back.

“While our competitors’ business model should be to build a better product and even bigger distribution network, their real intent is ‘Kill Tether.’

Every single business or political meeting that they have culminates with this intent.

While might seem an overstatement, it’s a fact and it’s being reported independently by hundreds of people inside and outside the digital assets industry in touch with the US administration.”

The CEO frames any competitors’ attacks on the stablecoin firm as an attack on the sovereignty of the US dollar. And according to Ardoino, Tether is the 18th largest US dollar holder by the size of US treasuries.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The chief executive of USDT stablecoin issuer Tether is reportedly working with US authorities to construct laws around dollar-pegged crypto assets.

In a new post on the social media platform X, Fox Business journalist Eleanor Terrett reports that Paolo Ardoino and Tether are “actively engaging” with the US government on how to best form laws around stablecoins.

According to Ardoino, not only will Tether advise on the stablecoin bills unveiled this month, the firm will comply with the law whichever way the regulation goes.

“We are going to work within the regulatory framework, and we are going to try to advise on every single one of these field proposals to make sure that our voice is heard…

We are not going to just throw in the towel and let Tether die just for the sake of not adapting to U.S. legislation. But there is still a lot of uncertainty over what’s actually going to happen, and we want our voice to be heard in the legislative process.”

Last week, Representative Bryan Steil of Wisconsin and Representative French Hill of Arkansas released a discussion draft of the STABLE Act of 2025, which seeks to provide a regulatory framework for the issuance and operation of dollar-pegged crypto assets in the US. According to Terett, Tether is engaged in the discussion of the bill’s draft.

Representative Maxine Waters of California and Senator Bill Hagerty of Tennessee also introduced stablecoin-related bills this month.

According to the report, compliance with the proposed bills from Tether’s perspective would mean submitting to monthly audits by a US accounting firm and to maintain a 1:1 ratio of reserves to assets that are pre-approved by regulators.

Currently, Tether’s website has a page entirely dedicated to transparency that updates data on its reserve assets on a daily basis. It shows that as of December 2024, Tether has $143 billion in net assets and $136 billion in total liabilities.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/mim.girl/Fotomay