On June 16th news, Tether CEO Paolo Ardoino recently highlighted the important role of USDT in driving demand for US dollars in emerging markets. Ardoino revealed that more than 300 million people around the world use USDT as a digital dollar to provide basic financial services to communities in developing countries. This stablecoin improves the efficiency of money transfer and storage, bypassing the traditional financial system that usually excludes underbanked people. This means that if Tether's USDT usage is on a scale equivalent to that of a country, its economy will be larger than that of countries like Indonesia, Pakistan and Nigeria. Therefore, the high acceptance of USDT has a significant impact on the global financial system. Mr. Ardoino noted that Tether was one of the top three global purchasers of short-term US Treasuries, and overall among the top 20, reflecting its growing influence in finance and the increasing integration of virtual assets with the traditional financial system. Mr. Ardoino's comments were in response to an article that suggested that dollar-backed stablecoins were fuelling demand for US public debt.