Tether CEO: USDT Should Be Considered a Digital Dollar
Tether CEO Paolo Ardoino said in a post on the X platform that the stablecoin USDT, a technology developed by Tether in 2014, is now used by many people and adopted by several governments, and that USDT is used by hundreds of millions of people around the world, especially in emerging economies, and therefore is not just a "crypto" but should be considered a digital dollar. It is therefore not just a "crypto", but should be considered a digital dollar. The real innovation is that with USDT, Tether has created a checking/savings account for all populations living in hyper-inflationary countries that are underserved by the banking sector, bringing checks and balances to the financial industry.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Euro: Positive outlook hinges on 1.1280 against US Dollar - UOB
USD/JPY Price Forecast: Remains close to 20-day EMA
OpenAI president confirms IPO in 2027: enterprise clients have become the main source of revenue, but funding target has shrunk from 30 billions to 20 billions
OpenAI President Brockman stated that enterprise sales have contributed the majority of the company's revenue, and the company will be ready for an IPO by 2027. OpenAI is accelerating fundraising and competing with Anthropic, which is aiming to go public by the end of the year.
Former Citi executive Klein establishes another SPAC; Churchill Capital XIV (CXIVU.US) plans to raise up to $300 million in US IPO
Churchill Capital XIV filed an application with the SEC on Wednesday, seeking to raise up to $300 million through an initial public offering (IPO).
Crypto prices
More
