COINDESK SPOTLIGHT: Paolo Ardoino and Tether’s $120B Stablecoin Empire
CoinDesk Podcast Network
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The Rise of USDT: A Global Perspective
This chapter explores the success of Tether's USDT stablecoin and its significant presence in emerging markets, where it serves as a stable medium of exchange during economic instability. It discusses the challenges and scrutiny Tether faces, particularly regarding its use in illicit activities while emphasizing the measures implemented for compliance and transparency. The discussion culminates in an exploration of the transformative potential of stablecoins in providing financial security to unbanked individuals, especially in high inflation countries.
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