According to TechFlow, Tether CEO Paolo Ardoino pointed out that the intensified competition in the stablecoin market is creating a more resilient environment. He said that USDT is gradually "decoupling" from other cryptocurrencies and becoming a global payment system more like a "digital dollar."
Ardoino emphasized that USDT plays an increasingly important role in the commodity market, especially in high-inflation countries such as Turkey, Argentina and Brazil. He mentioned that USDT’s daily trading volume often exceeds that of Bitcoin and Ethereum combined, showing its potential in purchasing raw materials such as cotton and gold.
Although competition may affect Tether's profits, Ardoino believes that it will promote the overall stability of the industry. In addition, Ardoino is optimistic about the growth of users in emerging markets, believing that this is more important than increasing the market value of USDT. He also pointed out that despite concerns about USDT being used by criminals, its actual use cases are minimal.