繫繩首席執行官保羅·阿多諾（Paolo Ardoino

Tether首席執行官Paolo Ardoino在2025年2月25日的X Post中，對全球領先的Stablecoin的USDT提出了越來越多的挑戰。

Paolo Ardoino, CEO of Tether, addressed the company’s perspective on mounting challenges and a perceived “Kill Tether” agenda set by rival firms in a February 25 X post.

Tether的首席執行官Paolo Ardoino在2月25日X郵政中，競爭對手公司在競爭對手公司設定的“ Kill Tether”議程中談到了公司對越來越多的挑戰的看法。

Ardoino alleged that the company’s competitors are pursuing a “Kill Tether” agenda, applying pressure on regulators and relying on legal maneuvers. This, he claimed, is driven by their inability to innovate and compete fairly in the market.

Ardoino聲稱，該公司的競爭對手正在追求“殺死Tether”議程，對監管機構施加壓力並依靠合法的演習。他聲稱，這是由於他們無法在市場上進行創新和競爭的驅動。

“They fear the company’s vast network of over 400 million users, especially in emerging markets, which are underserved by traditional financial institutions,” Ardoino stated.

Ardoino說：“他們擔心該公司擁有超過4億用戶的廣泛網絡，尤其是在傳統金融機構服務不足的新興市場中。”

The company’s vast network includes digital remittance platforms and thousands of physical kiosks across Africa and South America. This infrastructure, he said, is crucial for providing financial access and drives USDt’s growth, with 35 million new wallets being added each quarter.

該公司龐大的網絡包括在非洲和南美各地的數字彙款平台和數千個實體亭。他說，這種基礎設施對於提供財務通道並推動USDT的增長至關重要，每個季度增加了3500萬個新錢包。

However, Ardoino noted that the European Union’s Markets in Crypto Assets (MiCA) framework, which came into effect in late 2024, poses a hurdle for Tether to operate within the EU.

但是，Ardoino指出，歐盟在2024年末生效的加密貨幣資產（MICA）框架的市場為Tether構成了在歐盟內運營的障礙。

MiCA approved the listing of 10 stablecoin issuers, but not Tether. The company’s exclusion is linked to the European legislators’ uneasiness with foreign firms holding significant market share in their crypto landscape.

雲母批准了10位Stablecoin發行人的上市，但沒有束縛。該公司的排斥與歐洲立法者的不安有關，外國公司在其加密貨幣景觀中佔有很大的市場份額。

In March, exchanges like Kraken and Crypto.com plan to delist USDt by March 31 to comply with MiCA rules. This shift will leave only Circle’s USD Coin as the main stablecoin on European exchanges. The move will force users to switch to compliant stablecoins, potentially disrupting Tether’s European market share.

3月，像Kraken and Crypto.com這樣的交流計劃在3月31日之前將USDT提升，以遵守MICA規則。這種轉變將僅留下Circle的USD硬幣作為歐洲交流的主要穩定幣。此舉將迫使用戶轉向合規的穩定幣，從而破壞Tether的歐洲市場份額。

The company is known to be holding over $115 billion in U.S. Treasuries, making it the 18th largest holder of these assets.

眾所周知，該公司將持有超過1,150億美元的美國國債，使其成為這些資產中第18大持有人。

In the U.S., the proposed GENIUS Act and STABLE Act aim to regulate stablecoin issuers more closely. Vance Spencer of Framework Ventures noted that these bills might block foreign issuers from accessing U.S. Treasuries. He argued this could weaken the dollar’s global influence.

在美國，擬議的《天才法》和穩定法案旨在更加緊密地規範穩定發行人。 Framework Ventures的Vance Spencer指出，這些法案可能會阻止外國發行人進入美國國債。他認為這可能會削弱美元的全球影響力。

“They’re trying to create an environment where only U.S. issuers can have full access to U.S. liquid assets, which would be a setback for broader financial inclusion,” Ardoino said.

Ardoino說：“他們正試圖創造一個環境，在這種環境中，只有美國發行人才能完全訪問美國流動資產，這將是更廣泛的金融包容性的挫折。”

Ardoino added that these measures threaten the liquidity USDt provides to developing economies and new markets.

Ardoino補充說，這些措施威脅著美國人為發展中經濟體和新市場提供的流動性。

“We’re focused on bringing financial services to people who lack access to traditional banking structures. We build the infrastructure for USDt expansion by working closely with communities that lack formal banking services,” he said.

“我們專注於將金融服務帶給缺乏傳統銀行結構的人們。我們通過與缺乏正式銀行服務的社區緊密合作來建立USDT擴展的基礎設施。”他說。

This approach helps facilitate payments and remittances, fostering trust in both USDt and the U.S. dollar, he said.

他說，這種方法有助於促進付款和匯款，促進對美元和美元的信任。

“We’re grateful for the opportunity to serve those around the world who are looking for innovative financial solutions,” Ardoino concluded.

Ardoino總結說：“我們很高興有機會為世界各地尋求創新金融解決方案的人提供服務。”