{"id":138371,"date":"2024-10-02T18:00:49","date_gmt":"2024-10-02T15:00:49","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138371"},"modified":"2024-10-02T12:49:55","modified_gmt":"2024-10-02T09:49:55","slug":"tethers-usdt-gains-global-significance-beyond-crypto-markets-says-ceo","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/tethers-usdt-gains-global-significance-beyond-crypto-markets-says-ceo\/","title":{"rendered":"Tether’s USDT Gains Global Significance Beyond Crypto Markets, Says CEO"},"content":{"rendered":"

In a discussion with Bullish CEO Tom Farley, Ardoino stated that USDT<\/a><\/strong> has established itself as the most commonly used digital dollar globally, with growing importance outside the United States.<\/p>\n

While stablecoins like USDT aim to stabilize the volatile crypto market by being linked to real-world assets like the US dollar, Ardoino noted that in countries such as Argentina and Turkey, where inflation is a major concern, USDT serves as a stable alternative to unreliable national currencies.<\/p>\n

He explained that before USDT, individuals often resorted to black market transactions to obtain US dollars, emphasizing its utility in these economies.<\/p>\n

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Currently, USDT ranks as the third-largest cryptocurrency overall, following Bitcoin (BTC<\/a><\/strong>) and Ethereum (ETH<\/a><\/strong>), with a market capitalization of about $120 billion.<\/p>\n

It far exceeds its closest rival, Circle\u2019s USDC, which has a market cap of $35.6 billion. Notably, a significant portion of USDT is issued on the Tron blockchain, totaling $61 billion, while Ethereum accounts for $54.3 billion of its supply.<\/p>\n