Tether CEO: More than 300 million people around the world use USDT, and Tether is the main buyer of US Treasury bonds

Odaily News Paolo Ardoino, CEO of Tether, recently highlighted the important role of USDT in driving demand for the U.S. dollar in emerging markets. Ardoino revealed that more than 300 million people around the world use USDT as a digital dollar to provide basic financial services to communities in developing countries. This stablecoin improves the efficiency of money transfer and storage, bypassing the traditional financial system that often excludes the underbanked. This means that if Tethers USDT usage scale is equivalent to that of a country, its economy will be larger than that of countries like Indonesia, Pakistan, and Nigeria. Therefore, the high acceptance of USDT has a significant impact on the global financial system. Ardoino pointed out that Tether is one of the top three buyers of short-term U.S. Treasuries in the world, and is also among the top twenty buyers overall. This reflects Tethers growing influence in the financial sector and the increasing integration of virtual assets with the traditional financial system. Ardoinos comments were in response to an article that pointed out that dollar-backed stablecoins have fueled demand for U.S. public debt.