According to Odaily, Tether CEO Paolo Ardoino believes that increasing competition in the stablecoin market is fostering a more resilient environment. Ardoino notes that USDT is gradually decoupling from other cryptocurrencies. He points out that USDT's daily trading volume often surpasses the combined volume of BTC and ETH, suggesting that USDT is evolving into a 'global payment system.' Ardoino also emphasizes that expanding the user base in emerging and developing countries is more crucial than increasing USDT's market capitalization.