系绳首席执行官保罗·阿多诺（Paolo Ardoino

Tether首席执行官Paolo Ardoino在2025年2月25日的X Post中，对全球领先的Stablecoin的USDT提出了越来越多的挑战。

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的首席执行官Paolo Ardoino在2月25日X邮政中，竞争对手公司在竞争对手公司设定的“ Kill Tether”议程中谈到了公司对越来越多的挑战的看法。

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声称，该公司的竞争对手正在追求“杀死Tether”议程，对监管机构施加压力并依靠合法的演习。他声称，这是由于他们无法在市场上进行创新和竞争的驱动。

“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说：“他们担心该公司拥有超过4亿用户的广泛网络，尤其是在传统金融机构服务不足的新兴市场中。”

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.

该公司庞大的网络包括在非洲和南美各地的数字汇款平台和数千个实体亭。他说，这种基础设施对于提供财务通道并推动USDT的增长至关重要，每个季度增加了3500万个新钱包。

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，欧盟在2024年末生效的加密货币资产（MICA）框架的市场为Tether构成了在欧盟内运营的障碍。

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.

云母批准了10位Stablecoin发行人的上市，但没有束缚。该公司的排斥与欧洲立法者的不安有关，外国公司在其加密货币景观中占有很大的市场份额。

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这样的交流计划在3月31日之前将USDT提升，以遵守MICA规则。这种转变将仅留下Circle的USD硬币作为欧洲交流的主要稳定币。此举将迫使用户转向合规的稳定币，从而破坏Tether的欧洲市场份额。

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

众所周知，该公司将持有超过1,150亿美元的美国国债，使其成为这些资产中第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.

在美国，拟议的《天才法》和稳定法案旨在更加紧密地规范稳定发行人。 Framework Ventures的Vance Spencer指出，这些法案可能会阻止外国发行人进入美国国债。他认为这可能会削弱美元的全球影响力。

“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说：“他们正试图创造一个环境，在这种环境中，只有美国发行人才能完全访问美国流动资产，这将是更广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补充说，这些措施威胁着美国人为发展中经济体和新市场提供的流动性。

“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.

“我们专注于将金融服务带给缺乏传统银行结构的人们。我们通过与缺乏正式银行服务的社区紧密合作来建立USDT扩展的基础设施。”他说。

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

他说，这种方法有助于促进付款和汇款，促进对美元和美元的信任。

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

Ardoino总结说：“我们很高兴有机会为世界各地寻求创新金融解决方案的人提供服务。”