Tether CEO Paolo Ardoino Shares Insights on USD₮’s Role in Strengthening Dollar Dominance and Global Finance

On May 31, Tether CEO Paolo Ardoino provided key metrics reflecting the stablecoin’s market performance. Shared data shows Tether USDT has a market capitalization of $153.1 billion and a $31 billion daily transfer volume. An estimated 429 million users hold the stablecoin globally, showing its extensive reach. These numbers indicate that Tether USDT remains central to digital remittances, savings, and cross-border payments worldwide. Ardoino noted a 10% increase in user base during Q1 2025, highlighting continued demand. This growth came despite significant regulatory uncertainties in various jurisdictions.

Tron and Ethereum in Tether’s Multi-Chain Operations 

Tether USDT operates on various blockchain networks, with large shares on Tron and Ethereum. On Tron, about $76 billion in Tether USDT is active, while Ethereum holds $72 billion. Other chains like Solana, TON, and Avalanche host smaller amounts. Daily transfers on Tron exceed $17 billion, and Ethereum handles $7.74 billion. Transfer fees vary by network, with Tron averaging $0.64 and Ethereum averaging $0.28. This multi-chain setup lets users choose networks based on cost and speed. It also supports flexibility for faster global transactions and reduces congestion.

Issuance and redemption figures clearly reveal the stablecoin’s operational scale. In the past 12 months, about $41.5 billion was created. Redemptions totaled roughly $6.46 billion in that same 12-month period. During the latest quarter, $9.1 billion was issued, and $906 million was redeemed. These numbers show more tokens entering circulation than leaving it. Average transfer fees remain low at about $0.09 per transfer for amounts up to $500. Low costs make the stablecoin accessible in markets where transaction expenses are a barrier.

Tether’s $119 Billion U.S. Treasury Holdings Rank It 19th Among Holders

According to reported holdings, the issuer holds $119 billion in U.S. Treasury debt in Q1 2025. If classified as a country, Tether would rank 19th among U.S. Treasury holders. The link between Tether and US dollar assets underscores its integration with traditional finance. Tether and US dollar’s deep integration underscores its growing role in traditional finance. Holding U.S. government debt connects the stablecoin to the broader financial system. Questions have emerged about private companies holding large government debt stakes. Some analysts warn that such large private-sector debt holdings could impact global monetary policy.

The company reports collaboration with over 230 law enforcement agencies globally, including the FBI and Secret Service. It assisted in more than 1,000 cases, leading to freezing $2.5 billion in assets. Of those funds, $1.1 billion related directly to U.S. law enforcement efforts. Compliance measures include monitoring wallets and freezing based on OFAC lists. These steps follow international anti-money laundering and counter-terrorism financing standards. Nevertheless, questions persist regarding the long-term effects on regulatory approval. Observers continue to scrutinize reserve transparency and compliance effectiveness closely.

Tether CEO Discusses U.S. Regulatory Challenges for Stablecoins

In May 25 remarks, Tether CEO Paolo Ardoino discussed upcoming regulatory issues under consideration in the U.S. He referenced the proposed Genius Act that may set new standards for stablecoin issuers. It considers creating a U.S.-compliant stablecoin that targets institutional investors. Ardoino confirmed ongoing talks with a Big Four accounting firm for a full audit. This audit could address concerns about reserves and build trust among financial institutions. Paolo Ardoino emphasized the importance of audit transparency to stakeholders. 

Tether Company Eyes Emerging Markets for Growth 

Looking ahead, the company aims to grow its presence in emerging markets like Africa, Latin America, and Southeast Asia. It highlights significantly serving unbanked populations to increase financial inclusion. Efforts focus on providing stable assets where local currencies face high volatility. Executives judge that bank-issued stablecoins may cater to regulated businesses and not underserved users. While growth remains possible, evolving regulations will impact future operations. Scrutiny from financial authorities will shape the company’s role in global digital finance moving forward.