TechFlow News — Tether CEO Paolo Ardoino said on social media, "At the PlanB Forum in El Salvador, I was asked this question: 'Are you worried about USDT's competitors?' My answer: Many people don't realize that over the past 10 years, Tether has built one of the most extensive digital and physical distribution networks in human history.
While some competitors raise funds from investors and pay banks incentives to get their stablecoins onto balance sheets, Tether already has hundreds of thousands of partners, establishing service terminals across all developing countries, building digital platforms serving tens of millions of users, and creating astonishing technology. The scale of our network is simply different.
This is why USDT has successfully empowered 400 million users in emerging markets, enabling them to access the global financial system through the USDT stablecoin. There are still billions of people without access to basic financial services—good people who are simply too poor to be noticed by banks. We will continue fulfilling our mission to help them.
And in the process, we’ve supported the U.S. economy by repurchasing hundreds of billions of U.S. Treasury bonds, strengthening the dollar’s position as the world’s most widely used fiat currency. So no, I’m not worried at all."
