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Paolo Ardoino, CEO of Tether, highlighted the increasing impact of USDT on the global financial system. Over the past decade, the company has significantly expanded its digital and physical networks, achieving notable distribution capacity. The widespread use of USDT in regions such as Africa and South America illustrates its growing importance.
Rising Global Adoption of USDT
Thanks to its expanding distribution network, Tether is reaching millions of users globally. According to CEO Paolo Ardoino, the number of USDT users has surpassed 400 million, with approximately 35 million new wallets added each quarter, indicating a consistent growth trend.
The adoption rate of USDT is particularly increasing in developing countries. Individuals and businesses with limited access to traditional banking systems prefer USDT for its fast and low-cost transactions. This scenario reinforces the digital dollar’s position within the global economy.
Tether has also become a crucial part of the financial system through its payment solutions and corporate services. Users can facilitate cross-border transfers with USDT, providing a safeguard against economic uncertainties.
Tether Maintains Its Strength in a Competitive Market
Tether manages the competition within the cryptocurrency market with sustainable growth strategies. CEO Ardoino noted that competitors have adopted negative strategies towards Tether instead of directly developing USDT. He pointed out aggressive approaches targeting Tether’s extensive distribution network.
The company’s reserve structure also stands out in terms of financial security. USDT’s reserves primarily consist of U.S. Treasury bonds, placing Tether as the 18th largest holder of U.S. dollars. This transparency and reliable business model enhance user trust in USDT, continuing to strengthen its role as an alternative to traditional financial instruments.
