According to CoinMeta, Tether CEO Paolo Ardoino stated that stablecoin technology has enabled the first decentralized holding of U.S. Treasury bonds. Currently, approximately 650 million people indirectly hold U.S. Treasury bonds, which can reduce the risk associated with a single country's potential mass sale of trillions of dollars in U.S. Treasury bonds. He noted that traditional finance has not proposed a similar solution despite decades of financial innovation.