How Tether became crypto’s most profitable company — and what it’s building next

This week on StrictlyVC Download, Connie Loizos talks with Paolo Ardoino, CEO of Tether, the company behind USDT, the world’s largest stablecoin. With 536 million users globally, Tether has quietly become one of crypto’s most powerful players — and now it’s evolving far beyond stablecoins.

Ardoino is transforming Tether into what he calls “the stable company,” a diversified operation making bold bets on decentralized AI, agriculture, telecommunications, and gold-backed tokens. In this conversation, he explains how Tether generates billions in profit from U.S. Treasury holdings, why the company is building AI platforms that run locally on smartphones for emerging markets, and how its relationship with U.S. regulators has shifted dramatically.

He also discusses Tether’s geographic expansion, particularly in El Salvador and across Latin America, and makes the case that all of these seemingly disparate investments — from cattle ranching to brain-computer interfaces — are part of an interlocking strategy to serve the billions of people left behind by traditional finance.