Tether CEO: Compliance is very important, and the company is doubling down on communication and transparency

Odaily Star Daily News Tether CEO Paolo Ardoino firmly stated on Tuesday at DC Fintech Week that USDT is safe and the company is doubling its efforts to improve communication and transparency. Ardoino said on Tuesday: "Compliance is very, very important. In late December last year, I became the CEO of Tether and I want to strengthen this mission - but it's obviously not just started last year. Tether has always been a force for Compliance, although the situation in the United States does not seem optimistic." He added, "I think communication and transparency are indeed important, and we are actually doubling our efforts." Ardoino also said that compared to the United Arab Emirates, Australia, and Spain, Tether holds more US Treasury bonds. Short-term Treasury bills are considered low-risk investments. Ardoino added that Tether also "diversified the decision-making power to sell US Treasury bonds". He said, "We are looking for new buyers for billions of US Treasuries, because this allows emerging markets to access the best currency in the world. In the process, we are buying large amounts of US Treasuries." (The Block)