Tether CEO: USDT should be considered a digital dollar because of its wide range of acceptance groups and entities

Odaily News Paolo Ardoino, CEO of Tether, wrote on the X platform that the stablecoin USDT is a cryptographic technology developed by Tether in 2014, which has now been adopted by many individuals and governments, with hundreds of millions of users around the world. Therefore, it is not just a cryptocurrency (crypto), but should also be regarded as a digital dollar (digital dollar). The real innovation is that through USDT, Tether has established a checking and savings account for people living in countries with extreme inflation and underdeveloped banking, thereby introducing a checking and settlement system to the financial industry.