Tether will become ‘gold central bank’ in post-dollar world, CEO Ardoino says

Paolo Ardoino, the CEO of Tether, has articulated an ambitious vision for the stablecoin issuer, positioning it to become the ‘gold central bank’ in an impending post-dollar global economy. Ardoino argues that as the US Dollar’s geopolitical dominance wanes, Tether intends to secure its position by focusing heavily on physical gold and Bitcoin, fundamentally shifting away from a near-total reliance on US Treasury bills and commercial paper.

This strategy is encapsulated by the continued growth of Tether Gold (XAUT), a token pegged to physical gold, which Ardoino sees as crucial for establishing verifiable trust and stability in future financial architectures. Unlike traditional central banks, which often hold fractional reserves and operate under governmental control, Tether seeks to provide fully transparent reserves backed by scarce, immutable assets.

In the anticipated ‘post-dollar world,’ the need for a stable, globally accessible unit of account that is immune to sovereign debt crises or political manipulation will increase dramatically. Ardoino posits that Tether is uniquely suited to fill this role, leveraging its existing massive liquidity network (USDT) while diversifying its balance sheet towards hard assets. The ultimate goal is to operate much like a central bank, providing liquidity and stability, but anchored by the immutability of gold and the decentralized nature of Bitcoin, offering a sovereign-risk-free alternative to traditional fiat systems.

Source: Tether will become ‘gold central bank’ in post-dollar world, CEO Ardoino says