Tether CEO Paolo Ardoino says Tether’s stablecoin tech made US treasuries safer than TradFi ever could
The ownership of U.S. treasuries from an antagonistic country is not a great thing for the United States, because you have a single decision maker that can press a button and sell hundreds of billions of dollars of U.S. treasuries from one day to another. That is something that, in my opinion, is very scary. What Tether created, when it comes to stablecoins and stablecoin technology, is the first time that U.S. treasuries became decentralized owned. We created the decentralized ownership of the U.S. debt, with 650 million people that today basically are holding some U.S. treasuries, and they will not wake up all together one single morning and decide to sell that debt. Throughout all these decades of quote-unquote financial innovation by the classic guys in traditional finance, they never could come up with this solution that actually makes the U.S. debt safer for the United States itself as an issuer.
#Tether #Stablecoins #Treasuries #Crypto #Macro
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