Tether stands out as an instrument of financial freedom

The current CTO of Bitfinex, Paolo Ardonio recently stated that the Tether currency is a stablecoin that improves what Bitcoin offers, because it manages to hold up in times of volatility.

This peculiarity is very useful, especially in countries where local currencies are often highly affected by inflation.

At the Freedom Forum held in the city of Oslo, Norway, Ardoino shared with the attendees some considerations about the stablecoin, exposing some benefits of its use both for the cryptocurrency ecosystem and for certain countries with economies not so favorable.

The CTO highlighted the importance of digital assets as an instrument of financial freedom, due to its special characteristic of allowing users to get ahead in scenarios that are complicated by fiat money.

“Tether is one of the tools that should be used by countries facing economic difficulties, where national currencies are devaluing, where people want an advantage against runaway inflation,” Ardonio stated.

For now, Tether has a market capitalization of more than 72.43 billion dollars, and currently ranks third among the coins with the highest working capital.

K. Tovar

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Source: Diariobitcoin