Tether CEO Spots USDT’s Potential to Increase Demand for the US Dollar
- Paolo Ardoino, the CEO of Tether, recently highlighted the significance of USDT in the unstable US economy.
- The CEO stated that USDT helps investors to mitigate inflation and currency devaluation.
- As per Ardoino, USDT could increase the demand for the US Dollar in the global market.
Tether CEO Paolo Ardoino, in his recent X post, pointed out the significance of the Dollar-backed stablecoins in the US economy. Highlighting Tether’s USDT, Ardoino elaborated on the stablecoin’s crucial role in increasing the demand for the US Dollar in the global market.
"Stablecoins backed by dollars provide demand for U.S. public debt"$USDt is being used by more than 300M people across the world as the digital dollar, providing a lifeline utility to entire communities in developing countries.
— Paolo Ardoino
These people are underserved by the banking…(@paoloardoino) June 14, 2024
The CEO shared insights on USDT’s potential to retain stability in the unstable economy. While USDT is backed by US Dollars, the stablecoin helps investors mitigate inflation and currency devaluation.
Ardoino’s X post came in response to an article published by the Wall Street Journal on …
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