Tether CEO Paolo Ardoino wrote on the X platform that the stablecoin USDT is a technology developed by Tether in 2014 and is now used by many people and adopted by multiple governments. USDT is used by hundreds of millions of people around the world, especially in emerging economies. Therefore, it is not just a "cryptocurrency (crypto) ", but should be regarded as a digital dollar. The real innovation is that through USDT, Tether has created a checking/savings account for all populations living in countries with extreme inflation and underserved banking, bringing checks and balances to the financial industry.