Tether CEO Paolo Ardoino brushed off continued criticism of the stablecoin issuer following its first full financial audit, saying some critics are unable to admit that they were wrong about the company.
"Honestly, I don't care," Ardoino said in an exclusive interview with The Block's The Starting Block show on Friday. "We proved ourselves many times."
Ardoino said Tether (USDT) had already shown it could handle large redemptions. In 2022, the company redeemed $7 billion in 48 hours, or about 10% of its reserves at the time, without stopping redemptions, he noted.
He said many traditional financial institutions would struggle to handle withdrawals of that size in such a short period.
"I'm happy to get the criticism because it makes us better, makes us stronger," he said.
