Tether CEO: Tether will not let competitors who try to "eliminate Tether" succeed

ChainCatcher news, Tether CEO Paolo Ardoino posted on the X platform stating that USDT is the most successful tool for dollar hegemony and emerging market distribution. Over the past decade, Tether has built the most extensive physical and digital distribution network, from thousands of self-service terminals in Africa and South America to digital remittance platforms, from payment backbones to institutional tools.

Our team and portfolio companies work on the ground every day in countless regions of developing countries, helping communities increase the utilization, trust, and education level of USDT, thereby impacting the U.S. economy. This is how USDT currently helps over 400 million people and grows at a rate of 35 million new wallets per quarter, with a focus on developing countries, while strengthening the dollar and holding over $115 billion in U.S. Treasury bonds, making Tether the 18th largest holder of U.S. debt.

While competitors' business models should focus on creating better products and larger distribution networks, their true intention is to "eliminate Tether." Every business or political meeting they hold has this goal as the ultimate aim. While this may seem exaggerated, it is the truth.

For a competitor trying to use legal means to kill off rivals instead of focusing on better products, Tether will not sit idly by. Tether will not allow these attacks to succeed, nor can it permit such a situation to occur. Tether will steadfastly protect the hundreds of millions globally who have been left behind by the traditional financial system, helping them access dollars through USDT.