The Key Role of Tether


Paolo Ardoino, the CEO of Tether, stated that Tether is a stable digital currency represented by the dollar on the global market, belonging to more than 300 million customers, most of whom are in unstable economies.

In countries with fewer banking services and uncertain economic situations, Tether’s USDT has become a primary financial tool for individuals. This stablecoin essentially allows people to have the stability they have lost due to hyperinflation and fluctuations in their national currencies.

In his statement, Ardoino reminded that USDT is essentially a US dollar and thus supports people and businesses. Additionally, it serves as a simplified means of financial transfer and storage, thereby bypassing the traditional financial system.

Recently, Tether invested $500 million in environmentally friendly cryptocurrency mining operations. The projects include the use of green energy sourced from renewables such as solar, wind, and geothermal energy, and combine this activity with global sustainable industrial practice requirements. This plan is not only environmentally safe but also provides an economic advantage in terms of cost reduction.

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