USDT Adoption Growing in Venezuela, Argentina, Bolivia and Turkey, Tether CEO Says
TLDR
- Tether CEO Paolo Ardoino says USDT use is growing in Venezuela, Argentina, Bolivia and Turkey due to currency instability
- Users hold USDT as a digital dollar alternative when local currencies weaken or physical dollars are scarce
- Chainalysis ranked Venezuela 18th, Turkey 14th and Argentina 20th in its 2025 Global Crypto Adoption Index
- Latin America saw nearly $1.5 trillion in crypto activity between July 2022 and June 2025
- Tether reported its products served more than 570 million users worldwide as of March 2026
Tether CEO Paolo Ardoino said on August 23 that USDT adoption is growing in Venezuela, Argentina, Bolivia and Turkey. He said people in these countries are turning to the stablecoin because their local currencies are losing value and physical dollars are hard to access.
โThe economies of several developing countries rely heavily on USDT, both for domestic and foreign trade,โ Ardoino wrote in a post.
Several developing Countries's economies are heavily relying on USDT, for both internal and foreign commerce.
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