According to TechFlow, Tether CEO Paolo Ardoino tweeted that USDT is bringing U.S. dollars to hundreds of millions of people living in developing countries around the world who need an alternative to local currencies because local currencies are rapidly depreciating.
Tether has been investing its stablecoin reserves in U.S. Treasuries and has now become one of the world's three largest holders of short-term U.S. Treasury bonds.
