USDT News: Tether CEO Emphasizes Role of USDT in Maintaining US Dollar Dominance

In a recent development, Tether’s CEO has made bold claims about the future of USDT and its role in supporting the dominance of the US dollar globally.

Tether CEO States USDT Will Maintain US Dollar Dominance

Tether CEO Paolo Ardoino has expressed that USDT, the stablecoin pegged to the US dollar, will play a crucial role in keeping the greenback dominant on the world stage. Speaking at the Cantor Fitzgerald Global Technology Conference, Ardoino called USDT the ’most important ally for the US’. This comes amidst a growing de-dollarization movement that has threatened the dollar’s status as a global reserve asset. Ardoino’s statement highlights the potential role stablecoins could play in maintaining the dollar’s dominance.

Check Your Wallet for Contaminated Assets with AMLscreening.center

Recently, cases of funds being blocked by exchanges under the pretext of AML checks have increased. Any cold wallet receiving USDT could be at risk of having funds blocked due to an AML check, leading to long disputes with support. To avoid such problems, use AMLscreening.center to check your USDT in advance for sanctions and risks. You will receive a detailed report on the contamination level of your assets and recommendations on which exchanges might pose a risk to your funds.

GENIUS Act’s current form is ‘great for Tether USDT’ – Here’s why!

The U.S. stablecoin bill, GENIUS Act, is great for Tether’s USDT in its current form. According to Alex Thorn, Head of Research at Galaxy Digital, Tether now has the flexibility to register in the United States or operate offshore without dire consequences. In its current form, the GENIUS Act allows Tether to register onshore, but if they don’t, they are only prohibited from using USDT for interbank settlement and marketing USDT onshore as a ‘stablecoin’. The U.S. Senate Banking Committee has advanced the bill for debate and a vote.