According to BlockBeats, Tether CEO Paolo Ardoino announced on June 15th that over 300 million people worldwide are using USDT as a digital dollar. This has provided a lifeline for the entire community utilities in developing countries. These individuals, who are underserved by the banking industry, mostly do not have bank accounts and are affected by high inflation and rapid depreciation of their local currency.
Tether has brought the stability of the dollar to emerging markets through USDT. It is also one of the top three global buyers of short-term U.S. Treasury bills (T-bills), ranking in the top 20 overall.
