Paolo Ardoino criticized competitors for their impact on organizations and blocking Tether's access to US Treasuries. He criticized #Tether, which remains the largest stablecoin serving 400 million people worldwide. Tether's CEO Paolo Ardoino said that competing stablecoin issuers are using regulatory pressure to accuse #USDT of hindering its growth. He criticized competitors' CEOs for using legal means to prevent Tether from accessing US Treasury bonds. Controversy erupted after US lawmakers proposed new regulations for stablecoins that could impact internationally issued entities. Tether is considered the largest stablecoin widely used in emerging markets for financial access and money transfers. Ardoino noted that Tether extends across three main areas: digital platforms, institutional payment systems, and thousands of devices in Africa and South America, providing vital financial tools for low-income residents, emphasizing that Tether holds over $115 billion in US Treasuries, ranking it 18th among the largest holders of these assets. However, the proposed regulations may restrict access to US Treasuries for foreign currency issuers, potentially affecting Tether's holdings. Ardoino said that such proposed regulations pose a threat to expanding access to financial services in developing countries. Despite regulatory scrutiny, Tether remains financially strong. According to the latest financial data, Tether generates $6.2 billion in annual profits while managing over $100 billion in assets. Currency stability remains crucial in global markets, bolstering its market dominance in dollar-backed digital assets. Ardoino used political influence and regulatory pressure to push towards restricted regulation in the stablecoin market, where competitors accused her.