Tether CEO travels across the United States, attending the Cantor conference and discussing USDT extensively

The world's largest stablecoin issuer Tether has been questioned for years due to its reserves and being used by criminals. Tether's CTO Paolo Ardoino claimed to be correct during his first visit to the United States. He also attended the Trump administration's digital asset summit while in Washington last week, and spoke at Cantor's global technology conference yesterday.

CEO of @Tether_to, @paoloardoino, speaks at Cantor’s Global Tech Conference. #CantorTech

— Cantor (@Official_Cantor) March 12, 2025

Tether custodian Cantor Fitzgerald, with business minister Lutnick once serving as its CEO

U.S. Secretary of Commerce Howard Lutnick has a close relationship with Tether. He has been the CEO of Cantor Fitzgerald since 1991 for 34 years, until he was confirmed as the U.S. Secretary of Commerce in February this year, when he resigned as Chairman and CEO of Cantor Fitzgerald.

Cantor Fitzgerald, a U.S. financial services company founded in 1945, focuses on institutional equity, fixed income sales and trading. It is one of the 24 primary dealers approved by the Federal Reserve Bank of New York and is also a qualified participant designated by Valkyrie for the Bitcoin spot ETF (AP).

Cantor Fitzgerald has been serving as a custodian for Tether since the end of 2021, managing many of its assets and also reviewing parts of its balance sheet. Lutnick has endorsed Tether's asset reserve and is optimistic about the development of stablecoins and RWAs.

(New Commerce Minister Howard Lutnick: Previously endorsed Tether, optimistic about the development of stablecoins and RWAs)

Ardoino landed in the United States, striving for USDT compliance?

Paolo Ardoino's first visit to the United States, he has posted many photos on X in the past week, including searching for zebras in the U.S. Capitol, New York Times Square, and the American Museum of Natural History in New York.

He said this was his first time in the United States. Before, he had only understood the United States through movies and other ways. This visit made him very excited. "I am very pleased to tell you that everything about Tether is public."

Ardoino said:

We have been through hellish torment, people say if I go to the United States, I will be arrested. But we are still here.

Despite being the world's largest issuer of stablecoins, Tether has long been subject to compliance scrutiny, including speculation about money laundering and terrorist financing, as well as doubts about insufficient reserves. Especially after the regulatory review of MiCA in Europe, the future stablecoin legislation in the United States and whether it will shake Tether's leading position are also of great concern.

(The US Stablecoin Act is in the works, with JPMorgan questioning Tether's insufficient reserves. Can the USDT market be abandoned?)

The article Tether CEO travels to the United States to attend the Cantor meeting and talks about USDT, which first appeared in Chain News ABMedia.