Teter CEO “is not worried about the Connection of the USDT competition

The tedgered director Paolo Ardoin dismissed concerns about Stablecoin competition.

Tied director Paolo Ardoin discarded Concerns about competition in the Stablecoin market, emphasizing Tethere (USDTT) Decade-long growth and extensive distribution network.

Tether is right now Dealing with regulatory challenges In Europe due to the European Union Markets in crypto-funds Regulations, leading exchanges such as CRIPTO.com and Kraken to Delicity USD in the region.

In addition, Tether’s market value refused to two years of weak in the middle of these new regulations, collecting concerns about their future stability.

‘So, no, I’m not worried.’

Speaking at Planb Forum in El Salvador and later in KS, Ardoin is opposed to the approach to Tether with those of their competitors, which relies on capital investment and bank incentives.

For the context, Arvino asked about the company competition of Tether.

“Tether is building the last 10 years one of the broadest digital and physical distribution networks in the history of humanity,” Ardoin said. “While some competitors set up investors and grow their market hat to pay their stablecoys in balancing, tend to thousands of partners, construction cycles in all developing countries, digital platforms, digital platforms . Blow technology. “

According to Arviin, this scale enabled the USD to provide a financial approach to 400 million users in emerging markets, from which traditional banking options are lacking.

Ardoin also stressed the role of Tether in the American economy through the purchase of American cash registers, reinforcing the position of dollars as a dominant global currency.

Assured in Tether’s market position, he concluded: “So, no, I’m not worried.”