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Tether CEO: Build Intermediary-Free Infrastructure and Embrace the Bitcoin Ecosystem
Tether CEO Speech: Building an Intermediary-Free Infrastructure Ecosystem
At the Bitcoin 2025 conference, Tether CEO Paolo Ardoino delivered an insightful speech. He vividly and humorously articulated Tether's vision and mission, comparing Bitcoin to his childhood idol "Wukong" and referring to gold as "the Bitcoin of nature," while also emphasizing the importance of peer-to-peer architecture.
Ardoino stated that Tether is working to expand the boundaries of stablecoins into a decentralized infrastructure system that encompasses currency, value anchoring, communication, smart platforms, and even the construction of identity and sovereignty. He emphasized: "Cloud computing is not our ally, Bitcoin is."
Since its establishment in 2014, Tether has developed into a global leader in stablecoin issuance. Currently, its asset scale has exceeded 153 billion USD. Ardoino pointed out that since the outbreak of the COVID-19 pandemic, USDT has transformed from a mere cryptocurrency trading medium into a "digital dollar" used daily by hundreds of millions of people worldwide.
It is worth noting that Tether made a profit of 13 billion dollars last year. The company currently holds over 120 billion dollars in U.S. Treasury bonds, as well as over 100,000 bitcoins. In addition, Tether also holds about 50 tons of gold. Ardoino believes that gold is the "primitive bitcoin of nature," while bitcoin is the "digital gold" created by humans.
Tether has approximately 420 million users in emerging markets and developing countries, accounting for 62% of decentralized trading volume. More notably, about 35% of USDT users utilize it as a savings account, particularly in countries facing rapid depreciation of their local currencies, such as Turkey, Argentina, and Vietnam.
Ardoino emphasized that Tether's goal is to provide tools through technology to help people break free from intermediaries and achieve true individual sovereignty. The company is headquartered in the Bitcoin nation of El Salvador, and every employee loves Bitcoin.
In addition, Tether not only purchases Bitcoin but also actively participates in mining. Ardoino revealed that by the end of this year, Tether may become the world's largest Bitcoin mining company. He explained that Bitcoin mining serves as a hedge for the company's own assets while also contributing to network security.
Tether has also launched a number of innovative projects, including the Wallet Development Kit (WDK), the AI platform KUBA, and the peer-to-peer communication application Keet. These projects aim to promote the development of decentralized infrastructure, providing users with more autonomy and privacy protection.
Ardoino finally stated that Tether will continue to invest in the Bitcoin ecosystem, including educational projects, payment infrastructure, and startups. He called on everyone to work together to contribute to the future of Bitcoin.