Tether (CRYPTO:USDT) CEO Paolo Ardoino announced that over 300 million people around the world are using USDT as a digital dollar.

This usage has provided crucial support for communities in developing countries, especially those lacking access to traditional banking services.

Many of these individuals do not have bank accounts and suffer from high inflation and rapid depreciation of their local currencies.

By using USDT, they gain access to the stability of the U.S. dollar.

Tether is also a major player in the global financial market, being one of the top three buyers of short-term U.S. Treasury bills.

Overall, it ranks in the top 20 buyers of these Treasury bills.