Bankless The Stablecoin King | Tether CEO Paolo Ardoino on GENIUS Act, Circle IPO, Bitcoin & Tether to Trillions
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Jun 23, 2025 
In this engaging discussion, Paolo Ardoino, CEO of Tether, shares insights on the Genius Act and its implications for stablecoins. He highlights Tether's plans for a domestic stablecoin and its strategic role in emerging markets. The conversation touches on the excitement around Circle's IPO and Tether's impressive profits linked to U.S. Treasuries and Bitcoin mining. Paolo also reveals Tether's ambitious ventures in AI and tokenized gold, emphasizing how cryptocurrency is becoming a lifeline for underbanked populations worldwide.
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Genius Act's Regulatory Impact
- The Genius Act creates a clear regulatory framework for both domestic and foreign stablecoins like USDT.
- Tether is well-positioned to comply and continue its growth under this new high standard of AML and financial requirements.
Dual Stablecoin Strategy Explained
- Tether’s USDT supports global users outside the US, while their upcoming domestic stablecoin will address US-specific market needs.
- The US stablecoin market will favor efficiency and programmability over traditional business models.
Pandemic Sparked Dollar Adoption
- During the 2020 pandemic, young people familiar with crypto showed their parents apps to access dollars instead of risky cash purchases.
- This grassroots adoption in emerging markets massively accelerated Tether’s user growth.