Developing Countries Embrace USDT Amid Inflation and Currency Worries

The use of USDT stablecoin has risen significantly in developing countries such as Venezuela, Argentina, Bolivia, and Turkey due to inflation and currency issues. According to Paolo Ardoino, CEO of Tether, these economies rely heavily on USDT for domestic commerce, international trade, and as a digital dollar alternative when local currencies weaken or cash dollars are scarce.

Chainalysis data shows that nearly $1.5 trillion in crypto activity occurred in Latin America from 2022 to 2025, indicating significant adoption of cryptocurrencies in the region. Tether's USDT supply hit a record high of $188 billion in 2026, serving over 570 million users globally.

However, despite its widespread use, users still face regulatory and issuer risks associated with using stablecoins like USDT.