Tether CEO: USDT Is Gradually Evolving into a Global Payment System
Publication Time:2024-07-23 22:06:09
In a recent interview, Tether CEO Paolo Ardoino stated that the intensified competition in the stablecoin market has created a more resilient environment for the entire industry, and USDT has demonstrated significant advantages in this competition. Ardoino pointed out that the daily trading volume of USDT typically exceeds the combined total of Bitcoin and Ethereum, indicating that USDT is widely used globally and its trading activity even surpasses that of the two major cryptocurrencies. Based on this trend, he firmly believes that USDT is gradually evolving into a global payment system capable of meeting the financial needs of users from different countries and regions. Additionally, Ardoino emphasized the importance of expanding markets in emerging and developing countries, stating that this strategy is more critical than simply increasing USDT's market value. He explained that these regions have large user groups with a high acceptance of cryptocurrencies and stablecoins. By providing secure and convenient financial services, USDT not only helps promote economic development in these areas but also fosters inclusiveness and sustainability in the global financial system.
USDT
Tether
stablecoin market
Global Payment System
Emerging Countries