Tether CEO Paolo Ardoino said USDT has expanded globally as a dollar substitute, giving users in developing economies access to foreign currency for both domestic and cross-border commerce. He said Tether’s mission of advancing financial inclusion is now more important than before.
The report cited economist Asdrubal Oliveros, who said that in 2025, nearly 80% of Venezuela’s oil revenue was paid through stablecoins. This year, P2P stablecoin trading volume in the country was equivalent to 75% of its monthly oil export volume, while 90.2% of listings on 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 using them for liquidity management and to hedge against local-currency depreciation. Bolivia is also evaluating whether to incorporate USDT into its financial system. Tether’s market capitalization has now surpassed $180 billion, according to the report, which cited Bitcoin.com News.
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.
Ardoino said Tether’s mission of promoting financial inclusion is more important than ever. Tether’s market capitalization has now exceeded $180 billion.
Use cases cited across Latin America
The report cited economist Asdrubal Oliveros as saying that in 2025, nearly 80% of Venezuela’s oil revenue was paid through stablecoins. This year, P2P stablecoin market volume in the country was equal to 75% of its monthly oil export volume, and 90.2% of listings on Binance’s P2P order book included USDT.
In Argentina, demand for stablecoins has remained even after currency controls ended, with some users turning to them for liquidity management and as a hedge against local-currency depreciation.
Bolivia is also evaluating the inclusion of USDT in its financial system.
The report cited Bitcoin.com News.
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