Tether CEO Highlights USDT Impact on Global Dollar Demand

Quick Summary:

In a statement on X (formerly Twitter), Paolo Ardoino, CEO of Tether, articulated the pivotal role of the USDT stablecoin in boosting the global demand for U.S.dollars.

Ardoino emphasized that by providing a digital version of the dollar, Tether serves over 300 million people worldwide, particularly in economically unstable regions.

This move reduces the ecological impact of mining and cuts costs, reflecting Tether’s approach to growth and sustainability.

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Article Details

Author / Journalist: Maxwell Mutuma

Category: Crypto

Markets: India

Topics: Paolo Ardoino Tether Altcoin News 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-14 @ 22:07:02 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21256745

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