TETHER CEO Paolo Ardoino said USDT has increased its impact on the global financial system. In the last decade, the company has reached a significant distribution capacity by expanding its digital and physical network. It is emphasized that USDT is widely used in many regions, especially in Africa and South America.
The global use of USDT is increasing
Tether accesses millions of users thanks to its expanding distribution network worldwide. According to CEO Paolo Ardoino’s statements, the number of people using USDT exceeded 400 million. Approximately 35 million new wallets are added in every quarter and this number is growing.
Especially in developing countries, USDT’s adoption rate is increasing. Individuals and businesses with limited access to the traditional banking system prefer USDT for fast and low -cost transactions. This strengthens the place of digital dollar in the global economy.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
Tether has become an important part of the financial system with payment solutions and corporate services. Users facilitate transfers with USDT and can be protected from economic uncertainties.
Tether maintains its power in a competitive environment
Tether manages competition in the crypto money market with sustainable growth strategies. CEO Ardoino said that his competitors have adopted negative strategies against Tether instead of directly developing USDT. In particular, aggressive approaches to the wide distribution network were exhibited.
Tether’s reserve structure also attracts attention in terms of financial confidence. USDT’s reserves are largely made up of American treasury bills. In this context, Tether is in the ranking as the 18th largest organization to hold the US dollar.
The company’s transparent and reliable business model increases users’ confidence in USDT. The USDT, which is integrated into the global financial ecosystem, continues to strengthen as an alternative to traditional financial means.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
