According to Foresight News, Tether CEO Paolo recently spoke at Token 2049, where he highlighted the success of USDT (Tether). He attributed the success of the digital currency to its ability to meet the real needs of users. He noted that there are still users in some parts of the world who, due to poverty and other factors, do not have bank accounts.
Paolo further stated that these users prefer to use the digital dollar USDT over traditional paper dollars. This preference for digital currency over traditional forms of money underscores the growing acceptance and use of cryptocurrencies worldwide. The CEO's comments at Token 2049 highlight the increasing importance of digital currencies in meeting the financial needs of users, particularly in regions where traditional banking services are not readily available or accessible.