Tether CEO Reacts to Massive USDT Demand in Paraguay

Paolo Ardoino, Tether’s chief executive, has responded to a reported surge in demand for USDT in Paraguay. The reported increase comes amid a major banking crisis involving Ueno Bank that has left millions of customers unable to reach their savings. Ardoino heads Tether, whose USDT is the subject of the reported demand, while Ueno Bank is the institution identified as central to the crisis affecting customers’ access to their money.