TechFlow news, according to The Block, Tether CEO Paolo Ardoino pointed out that intensifying competition in the stablecoin market is creating a more resilient environment. He said USDT is gradually decoupling from other cryptocurrencies and evolving into a global payment system more akin to a "digital dollar." Ardoino emphasized USDT's growing role in commodity markets, especially in high-inflation countries such as Turkey, Argentina, and Brazil.
He noted that USDT’s daily trading volume often exceeds the combined total of Bitcoin and Ethereum, highlighting its potential in purchasing raw materials such as cotton and gold. Although competition might affect Tether’s profitability, Ardoino believes it will enhance overall industry stability.
In addition, Ardoino expressed optimism about the growth of users in emerging markets, viewing it as more important than increasing USDT’s market capitalization. He also stated that despite concerns about USDT being used by bad actors, actual illicit use cases are negligible.
