Paolo Ardoino, CEO of Tether, stated that the adoption of USDT stablecoin in developing nations creates a decentralized market for US debt, giving everyday people indirect access to American treasuries. He also warned about BRICS nations potentially challenging the dominance of the US dollar through gold accumulation. Ardoino believes that Bitcoin will ultimately replace the dollar and therefore Tether invests in Bitcoin infrastructure development. Recent data shows that BRICS nations, especially Russia and China, have been accumulating gold reserves. Meanwhile, Tether is expanding its global footprint and has surpassed 400 million users worldwide. However, Ardoino predicts that fiat currencies will eventually collapse, leading to a Bitcoin-dominated financial system.



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