TechFlow news — On February 25, Tether CEO Paolo Ardoino posted on X: "USDt is the most successful instrument of dollar dominance and distribution in emerging markets. Over the past decade, Tether has built the world’s broadest physical and digital distribution network, spanning thousands of access points across Africa and South America—from digital remittance platforms and payment infrastructure to institutional tools.
Every day, our team and portfolio companies operate on the ground in numerous regions across developing countries, helping communities while increasing adoption, trust, and education around USDt—indirectly boosting the U.S. economy.
This is why USDt currently serves over 400 million people and grows by 35 million new wallets each quarter, with a strong focus on developing nations, while reinforcing the U.S. dollar’s position and holding over $115 billion in U.S. Treasury securities, making Tether the 18th largest holder of U.S. Treasuries.
While our competitors’ business models should logically be about building better products and larger distribution networks, their true objective is actually to 'eliminate Tether.' Every one of their commercial or political meetings ultimately points toward this goal. While this may sound exaggerated, it is the truth—corroborated independently by hundreds of individuals inside and outside the digital asset industry who have engaged with the U.S. government.
I’ll let you define what kind of competitor uses legal warfare to destroy an opponent instead of focusing on building a better product.
Tether will not sit idly by. We will not allow these attacks to succeed. We cannot allow that to happen. We will firmly protect hundreds of millions of people worldwide—those forgotten by the traditional financial system—and help them access dollar-based services through USDt. Meanwhile, in their pursuit of monopolistic greed, our competitors are willing to put these communities at risk."
