Tether (USDT) Stablecoin Gains Traction Across Inflation-Hit Economies
On August 23, Paolo Ardoino, chief executive of Tether, announced that USDT stablecoin usage is accelerating across Venezuela, Argentina, Bolivia and Turkey. According to Ardoino, residents of these nations are increasingly adopting the stablecoin as their national currencies depreciate and obtaining physical U.S. dollars becomes increasingly difficult.
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