According to ChainCatcher, Paolo Ardoino, CEO of Tether, said in a post on X that according to WSJ, "stablecoins backed by the US dollar provide demand for US Treasuries". More than 300 million people around the world use USDT as a digital dollar, providing lifeline utilities for entire communities in developing countries. These people are not adequately served by the banking industry, most of them still do not have bank accounts, and are affected by high inflation and rapid depreciation of their own currencies.
Tether brings the stability of the US dollar to emerging markets through USDT, and is also one of the top three global buyers of US short-term Treasury bills (T-bills), ranking in the top 20 overall.
