In addition to being the world’s most-traded cryptocurrency, Tether Holdings SA’s stablecoin has been dogged by questions for years over its reserves and use by criminals.

Attendees erupted in applause when Paolo Ardoino, Tether’s public face, took the stage at the Cantor Fitzgerald Global Technology Conference in New York. Despite Tether’s outsized influence in crypto,

Ardoino spoke at the Cantor Fitzgerald Global Technology Conference on Wednesday as he continued his first trip to the United States.