Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.
With dozens of layer-1 blockchains on the market, communication between networks has become a significant pain point for the broader adoption of Web3-based applications.
While focusing on developing countries, Tether is doing its best to maintain a good relationship with the United States, Paolo Ardoino told Cointelegraph.