According to Be In Crypto, Paolo Ardoino, CEO of Tether, recently emphasized the important role of USDT in driving demand for the US dollar in emerging markets. Ardoino revealed that over 300 million people worldwide use USDT as digital dollars, providing basic financial services to communities in developing countries. This stablecoin improves the efficiency of fund transfer and storage, bypassing the traditional financial system that often excludes people with inadequate banking services. This means that if Tether's USDT usage is equivalent to that of a country, its economic size will exceed countries like Indonesia, Pakistan, and Nigeria. Therefore, the high acceptance of USDT has a significant impact on the global financial system.Ardoino pointed out that Tether is one of the top three buyers of short-term US government bonds globally, and overall ranks among the top twenty buyers. This reflects Tether's increasing influence in the financial sector and the increasing integration of virtual assets with the traditional financial system. Ardoino's comments were in response to an article that pointed out that dollar-backed stablecoins are fueling demand for US public debt.