Tether CEO: Don't worry about USDT competition, continue to expand financial coverage

Speaking at the PlanB forum in El Salvador, Tether CEO Paolo Ardoino said he was not worried about USDT's competitors, stressing that Tether has built the world's largest digital and physical distribution network. In contrast to competitors that rely on investor financing and bank incentives, Tether has expanded hundreds of thousands of partners in developing countries, empowering 400 million users to access the global financial system. Ardoino also pointed out that Tether has helped the US economy by buying back US Treasury bonds and solidifying the global dominance of the US dollar. He said Tether will continue to promote access to financial services and help billions of people who are not yet covered by banks.