In a significant shift from its traditional role in cryptocurrency trading, Tether, a leading stablecoin, is increasingly being accepted as an alternative to the US dollar in emerging markets , according to the company's CEO Paolo Ardoino. Speaking at the Token2049 cryptocurrency conference in Dubai, Ardoino highlighted the growth of Tether, also known as USDT, which is pegged to maintain a value of $1. Stablecoins have seen rapid expansion, with over $100 billion in circulation as of March.

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