Paolo Ardoino, CEO of Tether, stated today that USDT stablecoin adoption in developing nations effectively creates a decentralized market for US debt

Speaking at the Bitcoin Policy Institute, Bitcoin for America event, Ardoino highlighted Tether's significant role in maintaining US dollar dominance globally

Paolo Ardoino, CEO of Tether, stated today that USDT stablecoin adoption in developing nations effectively creates a decentralized market for US debt, positioning everyday people as indirect purchasers of American treasuries through Tether’s reserves.

Speaking at the Bitcoin Policy Institute, Bitcoin for America event, Ardoino highlighted Tether’s significant role in maintaining US dollar dominance globally while simultaneously warning about BRICS nations’ potential challenge to this supremacy through gold accumulation.

The CEO described USDT as serving a temporary “bridge” function in emerging markets where people need access to the US dollar for savings.

Ardoino warned that BRICS nations are actively seeking their “Deepseek moment” against dollar hegemony, referencing how a small Chinese company announced Deepseek R1 shortly after the US announced a $500 billion AI investment. According to Ardoino, this challenge will likely emerge through a gold-backed currency initiative.

However, Ardoino has also said that he believes Bitcoin will ultimately replace the dollar regardless, which is why Tether invests profits in Bitcoin infrastructure development.

“In the long term, I don’t believe there is a future for USDT; I expect a financial reset, where all national currencies will collapse and experience hyperinflation. Consequently, USDT will be completely useless, and at that point, I believe the world will only use Bitcoin,” Ardoino said.

Yet, without USDT promoting the dollar globally and giving access to developing nations, the BRICS nations will end the dollar hegemony.