Paolo Ardoino: "Tether and Bitcoin are tools of freedom"

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The technical director of the Bitfinex cryptocurrency exchange and the Tether company called the USDT stablecoin a tool of freedom and a way to use Bitcoin in real life.

In an interview with Cointelegraph journalists, PaoloPaolo Ardoino said that he gave a presentation at the Oslo Freedom Forum on the use of stablecoins to ensure freedom. He recalled that Tether was adopted by the shadow government of Myanmar as the official currency.

“Tether has become one of the tools towhich is resorted to by countries in crisis, whose national currency is devalued and its citizens want to preserve their savings in conditions of insane inflation. Bitcoin is great, but they need long-term price stability. Bitcoin is well suited for many applications, but not everyone understands it,” Ardoino noted.

He also recalled that in countries such as Turkey and Argentina, where national currency rates are rapidly falling, cryptocurrencies have become a way out for many to preserve their savings.

Also, CTO Bitfinex did not forget about El Salvador,where Bitcoin was recognized as legal tender. He compared El Salvador with Lugano, where, as part of special testing, BTC and USDT are actually accepted for payments:

“Bitcoin is for everyone.You see people in a poor country using Bitcoin as basic financial infrastructure. On the other hand, in a rich country with the most banks in the world, people still need Bitcoin."

Let us remember that Tether recently announced the launch of the USDT stablecoin on the Tezos blockchain.