According to Odaily, Tether CEO Paolo Ardoino recently stated on the X platform that the stablecoin USDT, developed by Tether in 2014, has been widely adopted by individuals and governments worldwide, with hundreds of millions of users. Ardoino emphasized that USDT should be viewed not just as a cryptocurrency but as a digital dollar.

Ardoino highlighted that the true innovation of USDT lies in its ability to provide checking and savings accounts for people in countries experiencing extreme inflation and underdeveloped banking sectors. Through USDT, Tether has introduced a system of checks and settlements to the financial industry, offering a crucial financial tool for those in need.