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The CEO of Tether company stated in the Bitcoin Italia podcast that in the long term, the stablecoin USDT issued by his company will become unnecessary, and the world will only use Bitcoin.
According to Paolo Ardoino, the global financial system will soon face a crisis that will cause the collapse of national currencies and hyperinflation: 'The crisis is inevitable. In this scenario, only the first cryptocurrency will survive, and stablecoin USDT will eventually prove to be an unnecessary asset.'
The businessman believes that the task of Tether, the stablecoin operator, is to help developing countries gradually adapt their financial systems to the bitcoin standard.
According to Ardoino, Bitcoin will be able to survive any cataclysms and will be in demand even after 2000 years, while USDT will exist as long as there is a need for it.