On the campaign trail last year, Donald Trump reiterated the importance of ensuring the dollar remained the world currency. In recent years, its status as a global reserve asset was threatened by a growing de-dollarization movement. Now, stablecoins may be playing a role in ensuring that status. Indeed, Tether CEO Paolo Ardoino has said that USDT will play a role in keeping the US dollar dominant.
Speaking at the Cantor Fitzgerald Global Technology Conference this week, Ardoino said the stablecoin is the “most important ally for the US.” Specifically, it is critical to the ongoing call to ensure the greenback doesn’t lose its status on the world stage.
Also Read: Currency: US Dollar Having the Worst Year Since 2008
Tether CEO Calls USDT the US Dollar’s Most Important Ally
In early 2025, the United States and BRICS economic alliance continued to face off in a growing battle for geopolitical dominance. A key part of that has been the US dollar and President Donald Trump’s hope in ensuring its status as a global reserve asset.
The asset has faced increased scrutiny as nations have sought to promote the use of native currencies. One asset that could play a role in ensuring that does not continue is stablecoins. Tether CEO Paolo Ardoino recently said that USDT can play a key role in ensuring the US dollar’s dominance.
Also Read: Tether’s USDT Officially Recognized by Thailand’s Regulator
Adoino said that Tether is responsible for the creation of the entire stablecoin industry. Specifically, he noted the 13% user growth that took place last quarter, leading to more than 400 million users worldwide.
“Is it because we are greater in marketing? Is it because we are fantastic? No. The reason why the growth is so fast is that, if you go outside the US, stop 1,000 people in the streets, and ask them if they would prefer to hold the US dollar or would they prefer to hold their national currency, every single one of them will say, ‘I prefer to hold the dollar.'”
Ardoino added that Tether holds $113 billion in US treasuries. It currently is the 19th largest US debt holder, ahead of most countries. That status ensures that USDT and Ardoino will be a critical aspect of the pursuit to maintain the greenback’s standing as the top asset in the world.