Emerging Markets Rely Heavily on Tether's USDT Stablecoin

Tether's USDT stablecoin has become an essential tool for emerging markets, providing a reliable store of value and facilitating international trade. According to Paolo Ardoino, CEO of Tether, several developing countries rely heavily on USDT for both internal and foreign commerce.

This reliance is not limited to retail transactions or as a store of value due to failing fiat currencies. In some cases, USDT even scales to international trade, with Venezuela being a prime example. Before Maduro's removal in 2025, almost 80% of the country's oil revenue was paid in stablecoins.

Even this year, P2P stablecoin-based national markets traded volumes represented 75% of the national monthly oil exports. The use of USDT in Venezuela is so widespread that it accounts for 90.2% of all listings on Binance's P2P order book.