Tether CEO: Stablecoin Technology Achieves First Decentralized Holding of U.S. Treasuries

On August 31, speaking on The Wolf Of All Streets (@scottmelker) podcast, Tether CEO Paolo Ardoino stated that Tether's stablecoin technology has enabled decentralized holding of U.S. Treasuries. Currently, approximately 650 million users indirectly hold U.S. Treasuries, and these users cannot sell all at once, fundamentally reducing the systemic risk of Treasuries being dumped by a single sovereign holder.

He also criticized traditional finance for failing to propose similar solutions over decades, and highlighted the significant risks of adversarial nations concentrating U.S. Treasury holdings.

[TechFlow]