TechFlow news: Tether CEO Paolo Ardoino posted on social media, saying, "Today, USDT has reached a circulating supply of 107.3 billion tokens and has become the most widely used digital dollar in many emerging markets. Hundreds of millions of people living in countries experiencing rapid local currency depreciation use it as checking and savings accounts. Most of this group are unbanked, too poor to attract interest from traditional banks. This is a real-world use case for stablecoins.
The wealthy use stablecoins in complex ways to purchase baskets of securities—an entirely different tier. In such cases, USDT is merely a toy for the rich, who can easily send wire transfers from one of their 15 bank accounts or show off how cool they are to their friends before their next golf game."
