CandleFocus Tether CEO Paolo Ardoino Explained Why Tether (USDT) Is Important in Countries Like Türkiye! Here Are the Details
2024-10-02
Author: Content Editor
Tether's CEO, Paolo Ardoino, states that Tether's stablecoin, USDT, has a crucial role in countries with inflation and weak financial infrastructure. USDT has become the most widely used digital dollar outside of the US and provides stability in volatile crypto markets. In countries like Argentina and Turkey, USDT offers a stable alternative to volatile national currencies and reduces reliance on the black market for US dollars. USDT currently has a market cap of $120 billion, making it the third-largest cryptocurrency after Bitcoin and Ethereum.
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