Bloomberg Talks Tether CEO Paolo Ardoino & Tether USA CEO Bo Hines Talk Stablecoin
Sep 16, 2025
Bo Hines, former White House crypto official and now leading Tether's USAT, teams up with Tether CEO Paolo Ardoino to dive into the world of stablecoins. They unveil USAT's unique features tailored for U.S. consumers and financial institutions. The duo discusses how Tether's distribution network gives it an edge over competitors like USDC. They also reflect on their transition from government to crypto, aiming to bolster the U.S.'s role in the stablecoin market while emphasizing innovation and long-term goals.
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Dual Strategy: USDT And USAT
- Tether plans both to make USDT compliant via the Genius Act foreign issuer protocol and to launch a distinct U.S.-focused stablecoin, USAT.
- Paolo Ardoino says USAT targets U.S. market needs while USDT continues to serve emerging markets and financial inclusion.
Modernize Payment Rails
- Modernize payment rails to reduce fees and enable instant settlement for consumers and institutions.
- Bo Hines urges leveraging stablecoins to cut costs, speed payments, and improve cross-border transfers.
Distribution Beats Token Differentiation
- Distribution is the key competitive edge in stablecoins, not just the token itself.
- Paolo Ardoino highlights Tether's large physical and digital distribution networks as a major advantage over rivals.