Ardoino pointed out that USDT usage has grown beyond cryptocurrency trading to become what he described as "the most used digital dollar in the world." He noted that nearly all of Tether's user base is located in emerging markets, including Turkey, Vietnam, Brazil, Argentina, and various African countries, where access to US dollars may be limited. In particular, Ardoino mentioned a significant increase in usage in Argentina last year.
With a global user base exceeding 300 million, Tether aims to serve as a digital dollar for those without access to banking services. However, the adoption of crypto assets such as Tether has raised concerns among regulators about potential market risks. The Bank for International Settlements, in a paper last year, warned that crypto assets could exacerbate financial risks in developing economies, despite their perceived benefits. they are a quick solution to financial challenges.
