Tether CEO Paolo Ardoino said today that the adoption of USDT Stablecoin in developing countries effectively creates a diversified US debt market and positions everyday people as indirect buyers of the US Treasury through tether reserves.
Speaking at the Bitcoin Policy Institute at the Bitcoin for America Event, Aldoino simultaneously warned of the potential challenges of the BRICS state to this hegemony through the accumulation of gold, while also highlighting Tether’s important role in maintaining control of the US dollar globally.
The CEO explained that USDT offers a temporary “bridge” feature in emerging markets where people need to access the US dollar for saving.
Ardoino warned that BRICS Nations was actively seeking a “Deepseek moment” against dollar hegemony, referring to how small Chinese companies announced the Deepseek R1 shortly after the US announced its $500 billion AI investment. According to Ardoino, the challenge could emerge through gold-backed currency initiatives.
However, Ardoino also says he believes Bitcoin will eventually replace the dollar. That’s why Tether is investing profits in Bitcoin infrastructure development.
“In the long run, I don’t think USDT has a future. I expect a financial reset where every country’s currencies collapse and experiences hyperinflation. As a result, USDT will not be completely useful, and at that point, I believe the world will only use Bitcoin,” Ardoino said..
However, if USDT does not promote the dollar globally and gives access to developing countries, BRICS countries will end the dollar hegemony.
Recent data support Ardoino’s concerns regarding the accumulation of BRICS gold. The bloc currently holds more than 20% of the world’s gold reserves, with Russia (2,340 tons) and China (2,260 tons) leading the alliance holdings. The central bank has maintained a strong gold purchasing pattern worldwide in 2025, adding five tons in January alone, marking its third consecutive month of net purchases.
Gold prices respond to this sustained demand, surged from $2,000 per ounce in early 2024 to nearly $2,800 by December, falling to about $2,200 amid the world trade war with the US. The forecast suggests that the price could reach $3,100 by the end of 2025.
Speaking at the New Orleans Investment Conference, Jim Rickers outlined how BRICS gold-backed potential currency works..
Meanwhile, Tether continues to expand its global footprint. Ardoino points out that USDT has surpassed 400 million users worldwide and added around 35 million new wallets per quarter.. This growth is particularly pronounced in developing regions where USDT offers alternative financial infrastructure is limited in areas where bank access is limited.
Tether’s CEO, despite criticism from competitors, argues that USDT plays an important role in supporting dollar control while providing essential financial services to those with a bank shortage.
However, his long-term forecast suggests that the arrangement could ultimately give way to a Bitcoin-controlled financial system following what he describes as the inevitable collapse of Fiat currency..
