In an increasingly volatile world, true stability stems from equal, decentralized access to essential resources, Paolo Ardoino, CEO of Tether, argues in his DLD26 presentation.
While humanity historically shared value without intermediaries, modern systems heavily centralize money and information, leaving massive segments of the global population behind, Ardoino says.
Financial stability is a prerequisite to a stable society, but many emerging markets have seen devastating currency collapses, the Tether CEO notes.
Over five years, the Turkish lira lost 80% of its value against the dollar, the Argentine peso 94.5%, and the Venezuelan bolÃvar 99.8%. Against this backdrop, Thether’s stablecoin USDT – pegged one-to-one with the dollar – has become a lifeline for underbanked people worldwide, Ardoino says.
Watch the video to explore this talk in detail.
