According to experts, USDT, a popular stablecoin, works much more efficiently outside of the United States. This is due to the abundance of different payment options available in the U.S., such as banks, credit cards, debit cards, Venmo, PayPal, Cash App, and many more. With so many alternatives to the U.S. dollar, the need for a stablecoin like USDT is questioned.
One industry insider stated, “USDT works much better outside of the U.S. In the U.S., there are 15 different transport layers for the U.S. dollar. You have banks, credit cards, debit cards. You have Venmo, PayPal, Cash App, and many others … But who needs a dollar?”
Despite the challenges it may face in the U.S., USDT continues to gain popularity in other regions where access to traditional banking services is limited. The ease of use and stability of USDT make it an attractive option for individuals and businesses looking for an alternative to fiat currency.
