Tether CTO Paolo Ardoino: USDT Bear Market Continues to Grow, Serving as a Retail Currency Tool in Many Developing Countries

The Chief Technology Officer of Tether, Paolo Ardoino, stated that the original core purpose of Tether was to serve the digital asset trading community, but it has now evolved into a widely used retail currency tool in developing countries. Tether continues to grow steadily regardless of market conditions.

The Chief Technology Officer of Tether, Paolo Ardoino, stated that the original core function of Tether was to serve the digital asset trading community, but now it has become a widely used retail currency tool in developing countries. Tether continues to grow regardless of market conditions.

He compared the assets under management of Tether with the price of Bitcoin, showing that regardless of Bitcoin's price fluctuations, the assets under management of Tether continue to increase.

#Tether was initially a core utility for the Digital Asset Trading community & is now evolving into a widespread retail monetary tool growing exponentially in many developing countries. Tether clearly decoupled from Winters❄️/Bears 🐻 & its next leg growth will be soon underway. pic.twitter.com/hM3xANkIa5

— Paolo Ardoino 🍐 (@paoloardoino) January 13, 2023

Use case in Kenya:

#Tether is a tool for financial freedom in Kenya 🇰🇪 pic.twitter.com/oNCUTSxguF

— Tether (@Tether_to) January 13, 2023