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Paolo Ardoino, the CEO of Tether, said that the USDT, that is backed by US Dollar, could emerge as an alternative to dollar in unstable economies, by winning the trust of investors.

 Taking to his official account on X (formerly Twitter), Ardoino claimed that USDT is essential for retaining purchasing power in economies that are unstable and have restricted access to banking services. By pegging its value to the U.

Tether CEO Paolo Ardoino believes USDT could replace unstable currencies, citing investor trust and purchasing power preservation.

This feature can be very useful in unstable economies and allow people to use this digital currency with more confidence.
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Tether is designed as a stablecoin to avoid the extreme price fluctuations commonly seen in other digital currencies.
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