PANews reported on February 7 that Tether CEO Paolo Ardoino said at PlanB Forum El Salvador that he was not worried about USDT's competitors. He emphasized that Tether has been building the world's most extensive digital and physical distribution network over the past 10 years, covering hundreds of thousands of partners, payment terminals in developing countries, digital platforms for tens of millions of users, and a strong technical foundation.
Compared with some competitors who rely on investment financing and increase market value by incentivizing banks to hold stablecoins, Tether focuses on on-the-ground layout, enabling 400 million emerging market users to access the global financial system through USDT. He pointed out that there are still billions of people excluded from the traditional banking system, and Tether's mission is to help them obtain financial services.
In addition, Ardoino emphasized that while Tether is supporting the global economy, it is also buying back hundreds of billions of U.S. Treasury bonds, further consolidating the dollar's position as the world's most important legal currency. He said that it is this scale and strategy that has made USDT a leader in the stablecoin market.
