Tether CEO Paolo Ardoino revealed at the Global Bitcoin Conference that USDT has 420 million users in emerging markets, accounting for 62% of decentralized trading volume, with 35% of users using it as a savings tool to cope with local currency depreciation. Currently, USDT has a market capitalization of 155 billion USD, with a 24-hour trading volume of 27.7 billion USD, far exceeding USDC. The company is collaborating with the Big Four accounting firms to advance audits, while actively investing in physical industries, including acquiring Latin American agricultural company Adecoagro and Canadian gold company shares, and investing in AI and brain-computer interface fields. Tether has relocated its headquarters to El Salvador, which has a robust regulatory environment. The CEO supports the (Genius Act) and commits to releasing audit results in early 2024, emphasizing that stablecoins are the best application scenario for blockchain and is dedicated to serving the 3 billion unbanked people worldwide.

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