Tether CEO: Stablecoin Technology First Enables Decentralized Holding of U.S. Treasury Bonds
According to The Wolf Of All Streets (@scottmelker) podcast, Tether CEO Paolo Ardoino stated that Tether’s stablecoin technology enables decentralized ownership of U.S. Treasuries. Approximately 650 million users worldwide currently hold these assets indirectly, making a simultaneous collective dump highly unlikely. This fundamentally reduces the systemic risk of U.S. Treasuries being targeted in a coordinated sell-off by a single sovereign state. He also criticized traditional finance for failing to propose a similar solution over the past several decades and emphasized that concentrated U.S. Treasury holdings by adversarial nations carry significant risks.