Tether CEO says developing economies increasingly rely on USDT

UPDATE: Tether CEO Paolo Ardoino says several developing economies now rely heavily on USDT for both domestic and international trade.
The trend shows how dollar stablecoins are increasingly functioning as financial infrastructure in countries where access to dollars can be difficult or local currencies are unstable.
Rather than being used only for crypto trading, USDT is increasingly being used for payments, savings and cross-border settlement.
That could make stablecoins an increasingly important channel for global dollar demand.