# 212 - Tether CEO on Their $100B Stablecoin ($USDT)

*Author: Ryan Sean Adams*
*Published: Feb 29, 2024*
*Source: https://www.bankless.com/early-access-tether-ceo-on-their-100b-stablecoin-usdt*

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Paolo Ardoino is the CEO of Tether, the $100 Billion stablecoin company that owns more U.S. Treasuries than most countries.

We explore why Tether is winning, how it’s helping people in emerging markets and what really backs a $USDT. We also cover the state of the stablecoin regulation and even market competitors.Tether has been and it’s still a target of Fud in the Crypto industry. Paolo is here to refute that Fud and much more.

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## TIMESTAMPS
00:00 Intro

6:52 Paolo Background

11:01 The History of Tether

15:40 USDT in Emerging Markets

25:30 Why not Bitcoin?

28:25 What’s Backing Tether?

42:25 Banking Risks

54:59 Tether Reserves Breakdown

59:39 Becoming Too Big

1:06:23 The Stablecoin Wars

1:11:18 Freezing Funds

1:13:45 USDT Competitors

1:16:59 Tokenized T-Bills

1:19:55 Tether on Tron

1:24:53 Regulation

1:26:14 The Value of Tether

1:29:10 Closing & Disclaimers

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## RESOURCES
Paolo Ardoino

[https://twitter.com/paoloardoino](https://twitter.com/paoloardoino)

Tether Transparency Reports

[https://tether.to/en/transparency/#reports](https://tether.to/en/transparency/#reports) 

Circle’s Caroline Hill on Congress

[https://twitter.com/Pledditor/status/1758243599446089799](https://twitter.com/Pledditor/status/1758243599446089799) 

JPMorgan negative on Tether

[https://www.theblock.co/post/275643/jpmorgan-tether-negative-crypto](https://www.theblock.co/post/275643/jpmorgan-tether-negative-crypto)