The head of Tether named the timeline for the disappearance of demand for USDT

The businessman called stablecoins a temporary financial instrument, while bitcoin is the dominant means of payment in the world for the "next few decades."

"It is quite possible that in 50 years there will be no need for USDT. Stablecoins are just a way to move dollars with less friction, while the most perfect form of money is bitcoin," the billionaire is convinced.
Ardoino recently called the newly passed law GENIUS in the US a turning point in the regulation of stablecoins, contributing to increased competition in the market:
"This is a very important law because it creates a framework for stablecoins. This year it seems that everyone wants to create a stablecoin as well through the GENIUS Act. Competition is good."
The CEO of Tether stated that the rise in popularity of the USDT issued by his company began during the coronavirus pandemic, when residents of countries in America and Asia "realized that the dollar could be stored on their phones." Now the coin has become an economic survival tool for the population of developing countries, added Ardoino.
In the US, Tether is counting on a partnership with the social network Rumble, where it has already invested $775 million. The partners are developing a non-custodial crypto wallet that will give 50 million Rumble users access to bitcoins and USDT, the entrepreneur reported.

Tether has accumulated billions of dollars in bitcoins, is developing mining, and also holds 80 tons of gold in its own vault in Switzerland. The reserves of USDT mainly consist of US Treasury bonds, and the company ranks 17th in the world among holders of US government debt, the businessman stated.

Previously, experts from the brokerage firm Bernstein suggested that the stablecoin USDC issued by Circle could become the largest by market capitalization among stablecoins, surpassing USDT, and that the supply of USDC could triple in two years.