According to CoinMeta, Tether CEO Paolo Ardoino stated at the Plan in Lugano that USDT is essentially a smart contract that has changed people's lives. He pointed out that Tether currently has over 730 million users, with 30 million new wallets added each quarter, a growth rate faster than any financial technology company. This enables ordinary people in countries with an annual inflation rate of up to 100% to also use the US dollar.