Paolo Ardoino is the CEO of Tether, one of the most important cryptocurrencies in the sector. It is a stablecoin, a currency that binds its value to that of a reference asset. Tether is based on the American dollar. With the latest movements of the administration led by Donald Trump it could become even more important.
The latest news connected to the cryptocurrency tether In Italy it concerns Juventus. Giancarlo Devasini, Tether’s Chairman, purchased 5.01% of the company through the company Tether Investments. A minority share, of course. But still interesting from the point of view of communication since of Tether in Italy started talking only a few yearssince Devasini began to began occupy a permanent place in the ranking of the richest men in Italy.
At the moment with an estimated heritage of 9.2 billion dollarsGiancarlo Devasini is the fourth richest man in Italy. To clarify, it is placed between Giorgio Armani and Piero Ferrari. But not only. The CEO of Tether is another Italian, his name is Paolo Ardoino and lately he has been giving interviews with podcasts and newspapers.
The relationship between Tether and the United States government
The last was given to the British newspaper The Guardian, in which he explains what the relationship between Tether and the United States government are. An axis is certainly not secondary, At least for two reasons: The first is that Tether is based exactly on the value of the American dollar. A tether is equivalent precisely to a dollar.
Parliament has set its eyes on the cryptocurrencies: the movement of the cerapping
The second is that the Trump government is focusing a lot on the crypts, so much so that it has just announced the creation of a Bitcoin reserve. On this, explains Ardoino, the link with the United States of Tether is now even closer, also because since February the United States Secretary of Commerce is Howard Lutnicka businessman who with the bottom Cantor Fitzgerald It has become one of the main tether investors.
Tether safety management: “We are just a product”
An interesting point in Tether’s story is the Tracking of money. Technically it is a stablecoin, a cryptocurrency connected to real assets. Over 10 years has reached one market capitalization of 130 billion dollars. Ardoino in the interview with the Guardian defends himself: “We have never been shady”.
The word used is “shady“, Something that can also be translated as” in the shadows “. According to Ardoino, therefore, the suspicions around Theter would be born only for lack of communication: “We didn’t tell what was going on, and this was used against us. If someone does not communicate you think it is not transparent enough. “
Of course, there is not only the theme of transparency. According to an UN report published in January 2024, Tether would be one of the Crypt most used by criminals for recycling. Ardoino replies: “There are over 200 agencies that work with us. There is no financial institution, not even the big banks, which have this amplitude of collaboration “. And again: “When the criminals try to move money to the blockchain in USDT (Tether’s currency), we see them and block them. 15 minutes are enough. “
