Tether CEO: “USDT is on the Frontlines of Dollar Hegemony – We Hold More U.S. Treasuries Than Germany”

 

 

Tether CEO Paolo Ardoino recently made a bold statement underscoring the geopolitical and financial significance of the USDT stablecoin. Speaking on the growing role of digital currencies in global finance, Ardoino claimed that Tether is now at the forefront of upholding U.S. dollar dominance, asserting that the company’s holdings in U.S. Treasury securities surpass those of entire sovereign nations, including Germany.

This statement reflects not only Tether’s explosive growth but also its increasingly intertwined relationship with traditional financial instruments. As of 2025, Tether has become the largest stablecoin by market capitalization, with its USDT tokens widely used across the world for crypto trading, remittances, and as a store of value in unstable economies. The company revealed it holds over $90 billion in U.S. Treasuries—more than Germany, a G7 country known for its fiscal prudence and significant foreign reserves.

Ardoino emphasized that USDT acts as a key vehicle for extending U.S. dollar liquidity into emerging markets and crypto ecosystems. "Tether is effectively supporting the dollar's global role,” he stated, highlighting how the stablecoin serves as a bridge between the crypto space and traditional finance. By pegging USDT to the U.S. dollar and backing it with highly liquid, short-term government debt, Tether plays a role similar to that of a shadow central bank—providing dollar access where traditional banking is either slow or restricted.

The remark about surpassing Germany in Treasury holdings also underscores the growing power of private fintech firms in global finance. While sovereign states have traditionally been the primary holders of U.S. debt, Tether’s portfolio shows how private entities are now assuming roles once reserved for central banks and foreign governments.

However, this expansion comes with scrutiny. Tether has faced questions about the transparency of its reserves in the past. Ardoino responded by reiterating Tether’s commitment to regular audits, increased transparency, and collaboration with regulators. “We understand the responsibility that comes with scale,” he said.

As geopolitical tensions rise and the global economy becomes more fragmented, Tether’s role could become even more pivotal. Whether USDT becomes a stabilizing force or a point of contention remains to be seen. But one thing is clear: Tether is no longer just a tool for crypto traders—it is becoming a central player in the global financial system.