Ardoino said that Tether seeks to expand his financial infrastructure outside the United States, as well as strengthen the dominance of the dollar due to large investments in American treasury bonds. The general director called Tether one of the world’s largest bonds of US bonds – the company owns them in the amount of more than $ 125 billion, mainly buying through the company Cantor Fitzgerald. Ardoino claims that Tether has excessive reserves for $ 6 billion, and its total equity reached $ 176 billion.
He said that Tether intends to make its USDT token fully comply with the requirements of the bill on the regulation of the activities of American and foreign issuers of stabelcoins (Genius). Recently, the bill was adopted by the Senate and is now expecting the approval of the House of Representatives. Tether is ready to comply with regulatory requirements regarding the standards of reservation of assets, disclosure of information and the fight against money laundering, assured Ardoino.
As for the work in the European Union, earlier the businessman said that the company is going to receive a license of European regulators.
In addition to the main business related to stablecoins, Tether plans to enter the market for raw materials trade. The CEO said that large traders with raw materials use USDT to make international payments, since traditional banking tools are already ineffective.
The company also invests in infrastructure P2P transactions and technologies for creating decentralized wallets. Tether invested more than $ 5 billion in American enterprises – more than 100 companies are in its portfolio. These companies work in such areas of economics as renewable energy, telecommunications and artificial intelligence (AI).
Recently, Ardoino said that Tether plans to become the largest miner of bitcoins in the world. Now the company’s reserves exceed 100,000 BTC.
Source: Bits
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