According to Odaily, Tether CEO Paolo Ardoino expressed his views in a recent blog post, identifying himself as a Bitcoin Maximalist. Ardoino believes that all fiat currencies will eventually collapse due to their inherent flaws, leading to a financial reset characterized by hyperinflation. Despite USDT being a stablecoin with a market capitalization exceeding $140 billion, Ardoino views it as merely a transitional tool to help economies shift towards a Bitcoin-dominated future. He emphasized Bitcoin's resilience, claiming it is the only currency capable of enduring for the next 2000 years.
Furthermore, as Tether faces challenges from stringent regulations, Ardoino highlighted the company's focus on emerging markets. He also noted Tether's recent investments in Latin America, particularly in green energy, artificial intelligence, and agriculture.