Tether CEO Paolo Ardoino has dismissed concerns about competition in the stablecoin market, emphasizing Tether's long-standing growth and extensive distribution network. Despite facing regulatory challenges and a decline in market value, Ardoino highlighted Tether's wide digital and physical distribution network, which has provided financial access to 400 million users in emerging markets. He also emphasized Tether's role in supporting the U.S. economy through purchases of U.S. Treasuries. Ardoino concluded that he is not worried about competition, confident in Tether's market position.



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