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

Tether CEO Paolo Ardoino insisted at DC Fintech Week on Tuesday that USDT is safe and said the company is doubling down on communication and transparency. "Compliance is very, very important. I became the CEO of Tether in late December and I wanted to strengthen that mission - but it obviously didn't start last year. Tether has always been a force for compliance, even though it doesn't look like the situation in the United States is optimistic," Ardoino said on Tuesday. "I think communication and transparency are really important, and we are actually doubling down on them," he added. Ardoino also said that Tether owns more U.S. Treasuries than the UAE, Australia, and Spain. Short-term Treasury bills are seen as low-risk investments. Ardoino added that Tether has also "decentralized the decision-making power to sell U.S. Treasuries." "We are looking for hundreds of millions of new buyers of U.S. Treasuries because we can give these emerging markets exposure to the best currencies in the world, and in the process, we are buying a lot of U.S. Treasuries," he said. (The Block)