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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 is designed as a stablecoin to avoid the extreme price fluctuations commonly seen in other digital currencies.
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