Tether's CEO Paolo Ardoino talked about the impact of USDT on the cryptocurrency market, its significant share in gas fees, and the company's future.
The Importance of USDT in Blockchain Transactions
Paolo Ardoino stated that nearly 40% of all blockchain gas fees are associated with transactions involving USDT. He highlighted that hundreds of millions of users utilize USDT daily across various platforms, including Ethereum, Solana, and Tron. Ardoino claims that the use of this digital dollar protects families in emerging markets from inflation and national currency devaluation.
Tether's Future Plans
Ardoino clarified that Tether does not plan to go public despite its successes in the U.S. The company will focus on emerging markets, where it has significant advantages. Tether also plans to introduce efficient stablecoins for interbank settlements and trading as part of its U.S. domestic strategy.
Market Predictions for Stablecoins
Bernstein analysts expect USDT to maintain a 65% share of the stablecoin market. They predict that the stablecoin market cap will grow sixteenfold over the next decade to over $4 trillion. This growth will be driven by increased use of cryptocurrency in payments through stablecoin-native financial services.
Tether continues to solidify its leadership in the market, strengthening its position in emerging markets and finding new ways to adapt to evolving regulatory requirements.
