“There is no place like the U.S.,” said Tether’s CEO Paolo Ardoino at the DC Fintech Week conference. Speaking remotely, he expressed confidence that the U.S. will soon introduce sensible cryptocurrency regulations that will help protect users. In his opinion, such rules will allow stablecoins and innovations in this area to continue providing a “lifeline” for people in countries with high inflation, where they don’t have the same opportunities as in the U.S. or Europe.

Ardoino also emphasized that Tether actively cooperates with law enforcement agencies, including the FBI and the U.S. Secret Service, which, according to him, is difficult to compare with other financial companies.