Tether CEO Paolo Ardoino said USDT has expanded globally as a substitute for the U.S. dollar, helping people in developing countries access foreign currency for domestic and cross-border business activity. He said Tether’s mission of promoting financial inclusion is now more important than before. Ardoino’s comments were paired with examples from Latin America. Economist Asdrubal Oliveros said that in 2025, nearly 80% of Venezuela’s oil revenue was paid through stablecoins. This year, P2P stablecoin trading volume was equal to 75% of the country’s monthly oil exports, while 90.2% of listings in Binance’s P2P order book included USDT. In Argentina, demand for stablecoins has remained in place even after the end of currency controls, with some users relying on them for liquidity management and as a hedge against local currency depreciation. Bolivia is also evaluating whether to bring USDT into its financial system. Tether’s market capitalization has now surpassed $180 billion.
ChainCatcher reported that Tether CEO Paolo Ardoino said USDT has spread globally as an alternative to the U.S. dollar, helping developing countries gain access to foreign currency for domestic and cross-border commercial activity.
Ardoino said Tether’s mission of advancing financial inclusion is more important than ever.
Latin America examples were highlighted
Economist Asdrubal Oliveros said that in 2025, nearly 80% of Venezuela’s oil revenue was paid through stablecoins. This year, P2P stablecoin market volume was equal to 75% of the country’s monthly oil export volume, and 90.2% of listings in Binance’s P2P order book included USDT.
In Argentina, demand for stablecoins has remained even after the end of currency controls. Some users use them for liquidity management and to hedge against depreciation of the local currency. In Bolivia, authorities are evaluating whether to incorporate USDT into the financial system.
Tether’s market capitalization has surpassed $180 billion.
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