Tether CEO says firm is buying BTC and gold as it backs broader dollar network

Tether CEO Paolo Ardoino said in a recent interview that the company is betting on the expansion of the dollar network by supplying dollars globally through USDT and holding large amounts of U.S. Treasurys. He added that Tether is actively buying Bitcoin and gold with its operating profits to prepare for a decline in fiat currency values, describing BTC as the foundation of all digital assets and a natural inflation hedge. Ardoino also said most key decision-makers worldwide are older than 60 and do not understand Bitcoin, while central banks are buying gold every day instead of Bitcoin. Younger generations understand BTC better, he said, adding that a generational shift is needed for its natural adoption.