[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Chad Lin [@AlgoChadLin](/creator/twitter/AlgoChadLin) on x XX followers Created: 2025-07-18 13:12:03 UTC X. The birth of USDT People in these countries seek to protect their savings by acquiring US dollars, but government regulations restrict access to foreign currencies. Argentines can only buy a maximum of $XXX in foreign exchange per month, which is not enough. Even when you want to withdraw USD, the bank will no longer give them to you. What would you do in such a country? In the past, people stored physical US dollars at home, but now the birth of stablecoins provides digital access to US dollars. 💰The birth of USDT was originally intended to improve and optimize the efficiency of arbitrage crypto transactions. At that time, traders who arbitraged Bitcoin between different exchanges needed to transfer BTC to fiat currencies, that takes a few hours to a few days, because banks have weekends and holidays. If it takes so long, arbitrage trading opportunities will also disappear. This is why Tether created USDT. In fact, the Corona Virus and the global economic recession have boosted the faster adoption of USDT. Before 2020, USDT was mainly used as a cryptocurrency settlement mechanism, but after 2020, all countries, even the strongest countries, had been affected by the Corona Virus. The developing countries were much more affected by this situation. People find that USDT is safer and more convenient to exchange, and can bypass the supervision of corrupt governments. Today, the market value of USDT has exceeded XXX billion US dollars, with an average daily trading volume of about XX billion US dollars, and is used by XXX million people worldwide. People may learn about Crypto from saving and paying with USDT, and then they start to understand long term savings and financial management such as BTC and DeFi. 1⃣ There are X billion unbanked people in the world, that is, people who cannot use bank accounts, but they can use digital currencies. 2⃣ In some countries, women cannot have their own credit cards and are excluded from traditional finance, through cryptocurrencies such as USDT, they have the opportunity to gain financial independence.  X engagements  **Related Topics** [united states dollar](/topic/united-states-dollar) [currencies](/topic/currencies) [countries](/topic/countries) [usdt](/topic/usdt) [lin](/topic/lin) [chad](/topic/chad) [Post Link](https://x.com/AlgoChadLin/status/1946196265865531482)
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Chad Lin @AlgoChadLin on x XX followers
Created: 2025-07-18 13:12:03 UTC
X. The birth of USDT
People in these countries seek to protect their savings by acquiring US dollars, but government regulations restrict access to foreign currencies.
Argentines can only buy a maximum of $XXX in foreign exchange per month, which is not enough. Even when you want to withdraw USD, the bank will no longer give them to you.
What would you do in such a country?
In the past, people stored physical US dollars at home, but now the birth of stablecoins provides digital access to US dollars.
💰The birth of USDT was originally intended to improve and optimize the efficiency of arbitrage crypto transactions. At that time, traders who arbitraged Bitcoin between different exchanges needed to transfer BTC to fiat currencies, that takes a few hours to a few days, because banks have weekends and holidays. If it takes so long, arbitrage trading opportunities will also disappear.
This is why Tether created USDT.
In fact, the Corona Virus and the global economic recession have boosted the faster adoption of USDT. Before 2020, USDT was mainly used as a cryptocurrency settlement mechanism, but after 2020, all countries, even the strongest countries, had been affected by the Corona Virus. The developing countries were much more affected by this situation. People find that USDT is safer and more convenient to exchange, and can bypass the supervision of corrupt governments.
Today, the market value of USDT has exceeded XXX billion US dollars, with an average daily trading volume of about XX billion US dollars, and is used by XXX million people worldwide.
People may learn about Crypto from saving and paying with USDT, and then they start to understand long term savings and financial management such as BTC and DeFi.
1⃣ There are X billion unbanked people in the world, that is, people who cannot use bank accounts, but they can use digital currencies.
2⃣ In some countries, women cannot have their own credit cards and are excluded from traditional finance, through cryptocurrencies such as USDT, they have the opportunity to gain financial independence.
X engagements
Related Topics united states dollar currencies countries usdt lin chad