USDT will save dollar from gold-backed BRICS currency says Tether CEO Paolo Ardoino

Paolo Ardoino, CEO of Tether, stated contiguous that USDT stablecoin adoption successful processing nations efficaciously creates a decentralized marketplace for US debt, positioning mundane radical arsenic indirect purchasers of American treasuries done Tether’s reserves.

Speaking astatine the Bitcoin Policy Institute, Bitcoin for America event, Ardoino highlighted Tether’s important relation successful maintaining US dollar dominance globally portion simultaneously informing astir BRICS nations’ imaginable situation to this supremacy done golden accumulation.

The CEO described USDT arsenic serving a impermanent “bridge” relation successful emerging markets wherever radical request entree to the US dollar for savings.

Ardoino warned that BRICS nations are actively seeking their “Deepseek moment” against dollar hegemony, referencing however a tiny Chinese institution announced Deepseek R1 soon aft the US announced a $500 cardinal AI investment. According to Ardoino, this situation volition apt look done a gold-backed currency initiative.

However, Ardoino has besides said that helium believes Bitcoin volition yet replace the dollar regardless, which is wherefore Tether invests profits successful Bitcoin infrastructure development.

“In the agelong term, I don’t judge determination is simply a aboriginal for USDT; I expect a fiscal reset, wherever each nationalist currencies volition illness and acquisition hyperinflation. Consequently, USDT volition beryllium wholly useless, and astatine that point, I judge the satellite volition lone usage Bitcoin,” Ardoino said.

Yet, without USDT promoting the dollar globally and giving entree to processing nations, the BRICS nations volition extremity the dollar hegemony.

Recent information supports Ardoino’s concerns astir BRICS golden accumulation. The bloc present holds implicit 20% of planetary golden reserves, with Russia (2,340 tonnes) and China (2,260 tonnes) starring the alliance’s holdings. Central banks globally person maintained beardown golden purchasing patterns into 2025, with the People’s Bank of China adding 5 tonnes successful January alone, marking its 3rd consecutive period of nett buying.

Gold prices responded to this sustained demand, surging from $2,000 per ounce successful aboriginal 2024 to astir $2,800 by December earlier falling to astir $2,200 amid the planetary commercialized warfare with the US. Projections suggest the terms could scope $3,100 by the extremity of 2025.

Jim Rickards, speaking astatine the New Orleans Investment Conference, outlined however a imaginable BRICS gold-backed currency mightiness function: “If a BRICS currency portion is worthy 1 ounce of golden and the golden terms goes to US$3,000 per ounce, the BRICS currency portion would beryllium worthy US$3,000, portion the dollar would suffer worth compared to the BRICS currency arsenic measured by the value of gold”.

Meanwhile, Tether continues expanding its planetary footprint. Ardoino notes that USDT has surpassed 400 million users worldwide, adding astir 35 cardinal caller wallets each quarter. This maturation is peculiarly pronounced successful processing regions with constricted banking access, wherever USDT provides an alternate fiscal infrastructure.

The Tether CEO maintains that despite disapproval from competitors, USDT plays a important relation successful supporting dollar dominance portion providing indispensable fiscal services to underbanked populations.

However, his semipermanent prediction suggests this statement whitethorn yet springiness mode to a Bitcoin-dominated fiscal strategy pursuing what helium describes arsenic an inevitable illness of fiat currencies.