系绳首席执行官Paolo Ardoino完成了对美国的访问，与华盛顿特区的立法者会面，讨论Stablecoin法规

随着美国国会越来越接近引入规范稳定的立法，他的访问来了，阿多利诺认为，这对于金融包容和维护美元的统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的首席执行官Paolo Ardoino在最近的一次采访中讨论了他与华盛顿特区的美国立法者会面，讨论Stablecoin的监管以及数字货币在全球经济中的广泛作用。

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.

阿多利诺（Ardoino）的访问是在美国国会（Ardoino）介绍规范稳定币立法的进展之后，他认为这对于金融包容和维持美元的主要作用至关重要。

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

“我认为请我们制定有关稳定的立法很重要，” Ardoino说。

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的旅行标志着他在美国的第一次，并且由于其在区块链技术中的关键用例而越来越认可Stablecoins。会议结束后，阿多利诺（Ardoino）描述了积极的经历，并指出，美国立法者对斯塔布莱辛（Stablecoins）在美国以外的角色表现出兴趣，尤其是在当地不稳定的地区。

“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.”

“我们看到，有一种开放性和愿意理解如何在新兴市场中使用Stablecoins，这是在采访中提出的。我认为，对于美国立法者而言，重要的是要意识到，稳定的人不仅在纽约或旧金山被人们使用，因此在纽约或旧金山中使用了诸如Turkey，Argentina，Argentina和Lebannon和Lebanon的经济挑战，在纽约或旧金山中使用。

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解释说，尽管可以将Stablecoins视为美国在美国的便利，但它们在新兴市场中的影响远大了。土耳其和阿根廷等国家持续处理货币折旧，严重依靠诸如Tether的USDT等稳定的货币来获得稳定的货币形式。

“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.”

“我们在全球范围内拥有超过4亿用户，我们在非洲和拉丁美洲拥有绳索的物理分配点，以满足需求。人们即将在这些地点以现金收取美元。本质上，Stablecoins正在扩大美元的范围，可以延长数百万美元的范围，允许数百万，而无需访问可靠的银行系统以存储价值并以美元存储美元。”

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

根据Ardoino的说法，美国立法者对这一贡献表示赞赏，并认识到Stablecoins在维持全球市场的美元霸权方面的重要性。

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，尽管接受了积极的接受，但阿多利诺对美国稳定法规可能如何展开表示担忧。他提到了欧盟的云母法规，该法规已经导致了欧洲特区的运营挑战。

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

其中包括要求稳定发行人在欧洲银行持有储备金的限制，阿多利诺认为，这可能会使资金面临额外的风险。

“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.”

“我们认为，美国立法者应该采取不同的方法并避免复制欧盟的错误。我们希望他们将考虑他们的决策的更广泛含义，并优先考虑加密货币领域的创新。”

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.

美国的Stablecoin法案草案提出了措施，以限制银行或高度监管的金融机构的发行权。 Ardoino认为，这种限制与美国鼓励竞争和创新的传统相矛盾。

“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.”

“只要它鼓励竞争并允许最好的技术蓬勃发展，我们对美国Stablecoin法规的结构无动于衷。

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.

此版本将针对机构用户和付款应用程序，与USDT在新兴市场中的作用不同，在新兴市场中通常被用作储蓄工具。

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

最后，Ardoino谈到了Tether在美国财政市场及其未来计划中的作用。

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.

作为世界上最大的加密货币公司之一，Tether已成为美国财政市场的主要参与者。 Ardoino透露，该公司是2024年美国国债的第七大购买者。

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.

除了汇总对冲基金（例如开曼群岛和卢森堡）的司法管辖区，Tether将在全球排名前五的买家中跻身前五名。

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

Ardoino认为，这种分配的国库所有权为美国的债务市场增添了力量。

“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资产的持有人可以是全球任何地方的任何人；这意味着，一个大规模持有人出售其所有资产和消失的大规模持有人的困境不会影响整体市场，这与中央位置的外国政府存款不同。”

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.

他还透露，Tether目前持有1,440亿美元的发行代币，其中1640亿美元的资产支持，其中包括70亿美元的超额储备。该公司将这些储备金主要在美国的国库和现金同等物品中，并在美国持有资金。

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.

展望未来，Ardoino预计，由于地缘政治的转变和技术变化，采用Stablecoin会加速。他建议未来的人工智能和机器人技术的发展可能会导致使用稳定的自动化系统进行交易。

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

这些交易可能会随着机器对机器的通信在全球增加而增加，从而进一步促进了稳定菌在不断发展的全球金融格局中的作用。

Furthermore, Tether continues to

此外，系绳继续