CoinDesk Podcast Network Tether Unveils USAT to "Revolutionize the U.S. Financial System"
Sep 12, 2025
Paolo Ardoino, CEO of Tether, explores the launch of USAT, a dollar-backed stablecoin aimed at revolutionizing the U.S. financial landscape. He highlights how USAT differs from USDT, focusing on empowering underserved communities through enhanced financial access. The discussion delves into the transformative potential of blockchain technology in supporting low-income Americans with secure digital wallets. Ardoino shares Tether's commitment to creating a more efficient financial system and emphasizes Charlotte's role as a strategic hub for innovation.
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New CEO's Personal Motivation
- Bo Hines described his excitement and sense of purpose joining USAT after work on crypto policy in government.
- He framed the role as an opportunity to upend U.S. financial rails and deliver faster, cheaper transactions.
Dual Stablecoin Strategy
- Paolo Ardoino positioned USDT as a global product for emerging markets and USAT as a U.S.-focused counterpart.
- He stressed both stablecoins share protocol tech and can be swappable and interoperable across corridors.
Targeting Underserved Americans
- Tether intends USAT to serve low-income and underserved Americans who face high fees and limited banking access.
- Paolo argued digital wallets and blockchain rails can lower remittance costs and increase liquidity for these communities.