Tether CEO Paolo ArdoinoAccording to , Tether is the largest stablecoin by market cap. USDTplays a vital role beyond crypto markets, especially in countries struggling with inflation and weak financial infrastructure.
Tether’s USDT Extends Beyond Crypto Markets, CEO Paolo Ardoino Says
In an interview with Bullish CEO Tom Farley, Ardoino said: USDT’He emphasized that the digital dollar has become the most widely used digital dollar globally and has proven to be important outside the USA.
Stablecoins like USDT are primarily US dollar It is designed to provide stability in volatile crypto markets by pegging it to real-world assets such as.
However, Ardoino points out that inflation is widespread Argentina And Türkiye He pointed out that in countries such as USDT offers a stable alternative to volatile national currencies. “Before USDT, people had to rely on the black market to buy US dollars,” Ardoino said.
“USDT works much better outside the US, where access to the dollar is limited to local financial systems,” he added.
USDT’s Global Domination
Currently USDT has a market cap of approximately $120 billion. Bitcoin (BTC) and Ethereum (ETH) It is the third largest cryptocurrency.
The closest stablecoin rival is Circle’s USDC It dwarfs the market with a market value of $35.6 billion. More than half of USDT’s supply tron ($61 billion) is issued on the blockchain, while Ethereum accounts for $54.3 billion.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, Twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!