Tether CEO Paolo Ardoino is convinced that in the next 50 years, the stablecoin USDT will lose its relevance, and Bitcoin will become the primary form of money in the world. In his view, stablecoins are merely a transitional phase on the path to the widespread adoption of Bitcoin.
This is reported by Business • Media
“It may happen that in 50 years there will be no need for USDT,” Ardoino stated, emphasizing that stablecoins “are just a way to move dollars with less friction,” while “the most advanced form of money is Bitcoin.”
GENIUS Act and Its Impact on the Stablecoin Market in the US
Ardoino highlighted that the passage of the GENIUS Act has been a defining event for the regulation of stablecoins in the US. The legislative initiative has stimulated competition and provided a clear framework for industry development. According to the CEO, it is after the implementation of the GENIUS Act that most companies are eager to create their own stablecoin, which positively impacts innovation and market growth.
The head of Tether emphasized that the popularity of USDT significantly increased during the pandemic when residents of Latin America and Asia experienced the benefits of digital dollars that can be stored on their phones. Since then, this stablecoin has become a powerful macroeconomic tool and even a geopolitical lever, as Tether ranks among the top 17 holders of US government bonds.
Tether’s Financial Performance and Global Expansion
In an interview, Ardoino explained that due to the absence of transaction fees and favorable growth in US Treasury rates, Tether has become the most profitable company in the world in terms of revenue per employee. According to data for the third quarter of 2025, the company’s net profit amounted to $10 billion, with expectations of growth to $15 billion by the end of the year. The company’s excess reserves exceed $6.8 billion.
Additionally, Tether holds over 120,000 BTC on its balance sheet, and part of the company’s profits is invested in Bitcoin and gold. For users who are not yet ready to transition to the first cryptocurrency, the company offers the Tether Gold product as an intermediate solution.
“Gold competes with the dollar, not with Bitcoin,” Ardoino noted.
Recently, Tether has been actively expanding its ecosystem and introducing new products. Among them are the USAT stablecoin for the US market, integrated into the wallet of the Rumble video platform, the launch of an open Wallet Development Kit for mobile platforms, investments in the African fintech company Kotani Pay, funding the scaling of USDT in Latin America through Parfin, participation in the Bitcoin-backed loan market through Ledn, as well as investments in the startup Neura Robotics and the development of artificial intelligence infrastructure together with Rumble and Northern Data.
Ardoino emphasized that for the US, the mass adoption of cryptocurrency will be possible through the development of self-custody solutions, such as Rumble Wallet. In countries with unstable economies, USDT is already serving as a means of protecting savings and adapting to financial challenges.
“In Argentina, the peso has lost 98% of its value, and people just want dollars,” the CEO stated.
It is worth noting that at the end of September, Tether acquired 8,888 BTC, spending over $1 billion, which underscores its strategy to further strengthen its position in the cryptocurrency market.