币界网报道：Tether faces increasing competition in the stablecoin market, not only from Circle's USDC but also from emerging players like First Digital's FDUSD and PayPal's PYUSD, according to Tether CEO Paolo Ardoino. While Tether (USDT) remains dominant with a $110 billion market cap, FDUSD has grown rapidly to $3 billion since its July 2023 launch, and PYUSD reached $300 million shortly after its August debut. Ardoino acknowledged the competitive landscape but emphasized Tether's resilience, noting its ability to maintain stability during market downturns like the 2022 TerraUSD collapse. He also highlighted Tether's focus on emerging markets, where demand for dollar-pegged assets remains strong due to local currency volatility. The company continues to expand its ecosystem, recently launching asset tokenization platform Tokenizer and investing in renewable energy mining operations in Uruguay. Despite regulatory scrutiny, Tether processed $10 billion in redemptions during the 2022 crypto crisis without issues, reinforcing its liquidity claims.