Tether Defends USDT’s Role in Global Finance

Tether CEO Paolo Ardoino argues that USDT is a key force in maintaining the US dollar’s global dominance. 

He claims that Tether has built an extensive network over the past decade, integrating its stablecoin into financial systems worldwide, from digital remittances to payment infrastructures and on-the-ground adoption efforts in developing nations.

Ardoino highlights USDT’s rapid growth, with over 400 million users and millions of new wallets created each quarter, particularly in regions with limited banking access.

He suggests that this widespread adoption directly benefits the US economy by reinforcing trust in the dollar.

READ MORE:

Bitcoin Correction Nearing Its End? Analyst Predicts Next Move

Despite this success, Ardoino says Tether faces relentless opposition from competitors, who he claims are focused on dismantling USDT rather than improving their own products.

He portrays these attacks as a broader challenge to US dollar supremacy, emphasizing Tether’s significant holdings in US treasuries as evidence of its financial influence.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.