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Tether CEO Ardoino met US lawmakers to shape stablecoin regulation Pitched USDT as tool supporting global US dollar reach & financial inclusion Warned against MiCA-style rules that could hinder global dollar access Tether CEO Paolo Ardoino ended his first visit to the United States, where he met with lawmakers in Washington, D.C., to discuss the future of stablecoin regulation. Ardoino’s meetings with Senate and House members centered on crafting laws that consider national security while also promoting global financial inclusion. Ardoino framed the discussion partly as a response to global efforts challenging US dollar dominance. He argued for stablecoin rules that protect consumers but crucially also support the dollar’s adoption internationally – a role he positions Tether’s USDT as already playing. Tether: The U.S. Dollar’s Secret Weapon (And Why They’re Buying Billions in Bitcoin) | @paoloardoino 0:00 Intro3:08 Stablecoins Change Everything6:24 U.S. Dollar vs. BRICS9:27 Regulation’s Hidden Risks13:53 Monopoly Risks in America17:22 Could Banks Fail Again?21:12… pic.twitter.com/IGT46Bo9zY — The Wolf Of All Streets (@scottmelker) April 14, 2025 He detailed the strong global demand for US dollars, noting Tether serves over 400 million users worldwide, many using USDT for savings and payments in regions with unstable local currencies, citing Turkey and Argentina as examples. Ardoino pointed out that while stablecoins in the U.S. are often a convenience, they serve as major financial tools outside the country. Lawmakers reportedly showed interest in how dollar-backed stablecoins could support US dollar hegemony and expand financial system access worldwide. Related: Democrats and Republicans Agree on Stablecoin Rules? ‘STABLE Act’ Advances What Regulatory Risks Does Ardoino See Compared to Europe? While supporting the push for regulation, Ardoino warned against poorly crafted US laws that might unintentionally block non-US entities from accessing dollar stablecoins.  He pointed to Europe’s Markets in Crypto-Assets (MiCA) framework as a cautionary example,…

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Filed under: News - @ April 14, 2025 5:23 pm