Tether CEO Expects Reasonable US Crypto Regulations

According to Foresight News, Tether CEO Paolo Ardoino expressed optimism about forthcoming US cryptocurrency regulations during a video address at the Washington DC Fintech Week event. Ardoino highlighted that Tether's reserves are over 104% collateralized, with 84% of these reserves based on US Treasury bonds. He noted that Tether's holdings in Treasury bonds are comparable to those of a medium-sized country, but since Tether is not a single entity, it can trade large volumes in the market, posing less risk to the US. Additionally, Tether is actively collaborating with law enforcement agencies in 45 countries, including the FBI and the Secret Service in the United States.