Tether CEO says USDT adoption grows in 4 countries

Tether CEO Paolo Ardoino said on Aug. 23 that several developing economies increasingly rely on USDT for domestic commerce, international trade and dollar denominated savings. Summary Ardoino said USDT use is rising across Venezuela, Argentina, Bolivia and Turkey amid monetary instability. Users increasingly hold USDT as digital dollars when local currencies weaken or cash dollars become scarce. Chainalysis ranked Venezuela eighteenth, Turkey fourteenth and Argentina twentieth for global crypto adoption in 2025. Chainalysis measured nearly $1.5T in Latin American crypto activity from July 2022 through June 2025. Tether said its technology served more than 570 million users worldwide as of March 2026. “The economies of several developing countries rely heavily on USDT, both for domestic and foreign trade,” Ardoino wrote in a post. He said Tether’s financial inclusion mission was becoming more important. Ardoino cited Venezuela, Argentina, Bolivia and Turkey as markets where people use the stablecoin in response to inflation, currency depreciation, limited access to dollars and restrictions within conventional financial systems. His statement describes Tether’s view of adoption. No s...