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Tether CEO Touts USDT as Key US Ally in Maintaining the Dollar’s Dominance
In recent times, the world of cryptocurrency has been plagued by transparency concerns and skepticism towards certain stablecoins. However, the newly appointed CFO at Tether, in collaboration with Paolo Ardoino, Tether’s CEO, is actively working to dispel these doubts.
During a recent interview, Paolo Ardoino stressed the importance of maintaining the dollar’s dominance as the global reserve currency, emphasizing that USDT plays a crucial role in this endeavor. According to him, his company aims to ensure that users have access to stablecoins that are backed by fiat currencies and not susceptible to market volatility.
Ardoino believes that by achieving this goal, Tether can effectively stabilize the cryptocurrency market and protect investors from potential losses due to the highly volatile nature of other cryptocurrencies.
Source: https://cryptoslate.com/tether-ceo-touts-usdt-as-key-us-ally-in-maintaining-the-dollars-dominance/