繫繩首席執行官Paolo Ardoino完成了對美國的訪問，與華盛頓特區的立法者會面，討論Stablecoin法規

隨著美國國會越來越接近引入規範穩定的立法，他的訪問來了，阿多利諾認為，這對於金融包容和維護美元的統治地位是必不可少的。

In a recent interview, Paolo Ardoino, CEO of Tether, discussed his experience meeting with U.S. lawmakers in Washington, D.C. to discuss stablecoin regulation and the broader role of digital currencies in the global economy.

Tether的首席執行官Paolo Ardoino在最近的一次採訪中討論了他與華盛頓特區的美國立法者會面，討論Stablecoin的監管以及數字貨幣在全球經濟中的廣泛作用。

Ardoino's visit follows U.S. Congress's progress toward introducing legislation for regulating stablecoins, which he believes is crucial for financial inclusion and maintaining the U.S. dollar's dominant role.

阿多利諾（Ardoino）的訪問是在美國國會（Ardoino）介紹規範穩定幣立法的進展之後，他認為這對於金融包容和維持美元的主要作用至關重要。

“I think it’s important to have U.S. legislation on stablecoins,” Ardoino stated.

“我認為請我們制定有關穩定的立法很重要，” Ardoino說。

Ardoino's trip marked his first time in the U.S. and comes as stablecoins are increasingly recognized for their key use case in blockchain technology. Following his meetings, Ardoino described positive experiences, noting that U.S. lawmakers showed interest in stablecoins' role outside the U.S., especially in regions with unstable local currencies.

Ardoino的旅行標誌著他在美國的第一次，並且由於其在區塊鏈技術中的關鍵用例而越來越認可Stablecoins。會議結束後，阿多利諾（Ardoino）描述了積極的經歷，並指出，美國立法者對斯塔布萊辛（Stablecoins）在美國以外的角色表現出興趣，尤其是在當地不穩定的地區。

“We saw that there was an openness and a willingness to understand how stablecoins are used in emerging markets, which is something that was brought up in the interview. I think it’s important for U.S. lawmakers to realize that stablecoins are not just used by people in New York or San Francisco for convenience. They are used in countries like Turkey, Argentina, and Lebanon, where people face serious economic challenges.”

“我們看到，有一種開放性和願意理解如何在新興市場中使用Stablecoins，這是在採訪中提出的。我認為，對於美國立法者而言，重要的是要意識到，穩定的人不僅在紐約或舊金山被人們使用，因此在紐約或舊金山中使用了諸如Turkey，Argentina，Argentina和Lebannon和Lebanon的經濟挑戰，在紐約或舊金山中使用。

Ardoino explained that while stablecoins may be seen as a convenience within the U.S., their impact is far greater in emerging markets. Countries like Turkey and Argentina, persistently dealing with currency depreciation, heavily rely on stablecoins such as Tether’s USDT to access stable forms of money.

Ardoino解釋說，儘管可以將Stablecoins視為美國在美國的便利，但它們在新興市場中的影響遠大了。土耳其和阿根廷等國家持續處理貨幣折舊，嚴重依靠諸如Tether的USDT等穩定的貨幣來獲得穩定的貨幣形式。

“We have over 400 million users globally, and we have physical distribution points for Tether in Africa and Latin America to meet the demand. People are coming to collect USDT in cash at these points. In essence, stablecoins are extending the U.S. dollar's reach, allowing millions without access to reliable banking systems to store value and transact in dollars.”

“我們在全球範圍內擁有超過4億用戶，我們在非洲和拉丁美洲擁有繩索的物理分配點，以滿足需求。人們即將在這些地點以現金收取美元。本質上，Stablecoins正在擴大美元的範圍，可以延長數百萬美元的範圍，允許數百萬，而無需訪問可靠的銀行系統以存儲價值並以美元存儲美元。”

According to Ardoino, U.S. lawmakers appreciated this contribution, recognizing the importance of stablecoins in maintaining U.S. dollar hegemony in global markets.

根據Ardoino的說法，美國立法者對這一貢獻表示讚賞，並認識到Stablecoins在維持全球市場的美元霸權方面的重要性。

However, despite the positive reception, Ardoino expressed concerns over how U.S. stablecoin regulation might unfold. He referenced the European Union's MiCA regulation, which has already led to operational challenges for Tether in Europe.

然而，儘管接受了積極的接受，但阿多利諾對美國穩定法規可能如何展開表示擔憂。他提到了歐盟的雲母法規，該法規已經導致了歐洲特區的運營挑戰。

These included restrictions requiring stablecoin issuers to hold reserves in European banks, which Ardoino argued could expose funds to additional risk.

其中包括要求穩定發行人在歐洲銀行持有儲備金的限制，阿多利諾認為，這可能會使資金面臨額外的風險。

“We believe that U.S. lawmakers should take a different approach and avoid replicating the EU's mistakes. We hope they will consider the broader implications of their decisions and prioritize fostering innovation in the cryptocurrency sector.”

“我們認為，美國立法者應該採取不同的方法並避免複製歐盟的錯誤。我們希望他們將考慮他們的決策的更廣泛含義，並優先考慮加密貨幣領域的創新。”

Draft stablecoin bills in the U.S. have proposed measures that could limit issuance rights to banks or highly regulated financial institutions. Ardoino believes such restrictions contradict America's tradition of encouraging competition and innovation.

美國的Stablecoin法案草案提出了措施，以限制銀行或高度監管的金融機構的發行權。 Ardoino認為，這種限制與美國鼓勵競爭和創新的傳統相矛盾。

“We are indifferent to the structure of U.S. stablecoin regulation, as long as it encourages competition and allows for the best technology to flourish. We are prepared to launch a U.S.-specific stablecoin if regulations require it.”

“只要它鼓勵競爭並允許最好的技術蓬勃發展，我們對美國Stablecoin法規的結構無動於衷。

This version would target institutional users and payment applications, differing from USDT's role in emerging markets, where it's often used as a savings tool.

此版本將針對機構用戶和付款應用程序，與USDT在新興市場中的作用不同，在新興市場中通常被用作儲蓄工具。

Finally, Ardoino touched upon Tether's role in U.S. Treasury markets and its future plans.

最後，Ardoino談到了Tether在美國財政市場及其未來計劃中的作用。

As one of the world's largest cryptocurrency firms, Tether has emerged as a major participant in U.S. Treasury markets. Ardoino revealed that the company was the seventh-largest purchaser of U.S. Treasuries in 2024.

作為世界上最大的加密貨幣公司之一，Tether已成為美國財政市場的主要參與者。 Ardoino透露，該公司是2024年美國國債的第七大購買者。

Excluding jurisdictions that aggregate Treasury holdings for hedge funds, such as the Cayman Islands and Luxembourg, Tether would rank among the top five buyers globally.

除了匯總對沖基金（例如開曼群島和盧森堡）的司法管轄區，Tether將在全球排名前五的買家中躋身前五名。

Ardoino opined that this kind of distributed Treasury ownership adds strength to the debt markets of the United States.

Ardoino認為，這種分配的國庫所有權為美國的債務市場增添了力量。

“Holders of USDT assets can be any person from any part of the globe; and this means that the plight of one large-scale holder to sell all his assets and disappearing cannot affect the overall market, unlike the case with centrally located foreign government deposits.”

“ USDT資產的持有人可以是全球任何地方的任何人；這意味著，一個大規模持有人出售其所有資產和消失的大規模持有人的困境不會影響整體市場，這與中央位置的外國政府存款不同。”

He also disclosed that Tether currently holds $144 billion in issued tokens, supported by $164 billion in assets, including $7 billion in excess reserves. The company maintains these reserves primarily in U.S. Treasuries and cash equivalents, with funds custodied in the United States.

他還透露，Tether目前持有1,440億美元的發行代幣，其中1640億美元的資產支持，其中包括70億美元的超額儲備。該公司將這些儲備金主要在美國的國庫和現金同等物品中，並在美國持有資金。

Looking ahead, Ardoino expects stablecoin adoption to accelerate due to geopolitical shifts and technological changes. He suggested that future artificial intelligence and robotics developments could lead to automated systems transacting using stablecoins.

展望未來，Ardoino預計，由於地緣政治的轉變和技術變化，採用Stablecoin會加速。他建議未來的人工智能和機器人技術的發展可能會導致使用穩定的自動化系統進行交易。

These transactions could multiply as machine-to-machine communication increases globally, further boosting the role of stablecoins in the evolving global financial landscape.

這些交易可能會隨著機器對機器的通信在全球增加而增加，從而進一步促進了穩定菌在不斷發展的全球金融格局中的作用。

Furthermore, Tether continues to

此外，繫繩繼續