Tether CEO: "In 50 years, USDT will no longer be needed, the best money is bitcoin"
Tether CEO Paolo Ardoino said that in the future, in particular in 50 years, the need for stable coins such as USDT will disappear. He emphasized that Bitcoin is a more optimal form of money, and the role of stablecoins is currently only to reduce friction when moving dollars. In addition, Ardoinot believes that technology and regulatory changes, such as the adoption of the GENIUS Act in the United States, may affect the development of the stablecoin market.
Source Incrypted
Ardoinot also noted that USDT's popularity grew during the pandemic, when many people in Latin America and Asia recognized the convenience of storing dollars on mobile devices. They have become important players in the financial market, perpetuating the dollar's dominance, and Tether is among the largest holders of US Treasury bonds. The company is currently focusing on expanding its infrastructure and introducing new technologies, such as artificial intelligence and bitcoin lending.
