Tether CEO Dismisses Criticism After KPMG Audit, Says He Doesn't Care About Accusations
- Paolo Ardoino, CEO of Tether, dismissed ongoing criticism after KPMG US’s audit was reported.
- In an interview, he said he did not care about the accusations and suggested some critics could not admit they were wrong.
- He said Tether redeemed $7 billion within 48 hours in 2022, which he described as about 10% of reserves at the time.
- Ardoino said redemptions continued after that period and argued many traditional financial institutions would struggle to handle withdrawals of that size that quickly.
- He said Tether aims to keep serving the 650 million users it says rely on USDT, especially in emerging markets.
- The article suggests a neutral-to-slightly positive potential impact for the crypto market, as the comments were framed as defending USDT’s resilience and user base.
Tether CEO Paolo Ardoino responded to renewed criticism after KPMG US’s audit, saying he does not care about the accusations and that some critics cannot admit they were wrong.
He pointed to Tether’s handling of redemptions in 2022, saying the company processed $7 billion in withdrawals within 48 hours, or about 10% of reserves at the time. He said redemptions continued afterward.
Ardoino argued that many traditional financial institutions would have difficulty managing withdrawals of that size over such a short period. He said Tether’s focus is to keep serving the 650 million users it says depend on USDT, especially in emerging markets.
Tether首席执行官在KPMG审计后回应批评，称对指责并不在意
Tether首席执行官Paolo Ardoino就KPMG美国审计后引发的批评作出回应，表示自己并不在意这些指责，并称一些批评者无法承认自己错了。
他提到Tether在2022年的赎回情况，称公司在48小时内处理了70亿美元提款，约占当时储备的10%。他说，在那之后赎回仍在继续。
Ardoino认为，许多传统金融机构很难在如此短的时间内处理这类规模的提款。他表示，Tether的重点是继续服务其所称依赖USDT的6.5亿用户，尤其是新兴市场用户。