Tether CEO: USDT should be regarded as a digital dollar due to its wide acceptance and user base

ChainCatcher news, Tether CEO Paolo Ardoino posted on social media that the stablecoin USDT is a cryptocurrency technology developed by Tether in 2014, which has now been adopted by many individuals and governments, with hundreds of millions of users worldwide. Therefore, it is not just "cryptocurrency," but should also be regarded as a digital dollar.

The real innovation is that through USDT, Tether has established a checking and savings account for people living in countries with extreme inflation and underdeveloped banking systems, thereby introducing a check and settlement system to the financial industry.