Golden Finance reported that Paolo Ardoino, CEO of Tether, wrote on the X platform that the stablecoin USDT is a technology developed by Tether in 2014. It is now used by many people and adopted by multiple governments. USDT is used by hundreds of millions of people around the world, especially in emerging economies, so it is no longer just a "cryptocurrency" but should be regarded as a digital dollar. The real innovation is that through USDT, Tether has established a checking/savings account for all people living in countries with extreme inflation and insufficient banking services, bringing checks and balances to the financial industry.