Tether CEO: The influx of new users resonating with economic downturn leads to explosive growth of stablecoins.
Tether @Tether_to CEO Paolo Ardoino recently stated in an interview that the rapid growth of stablecoins is driven by changes in user demographics as well as macroeconomic factors. He pointed out that since 2020, many middle-aged individuals who had previously not engaged with cryptocurrency have started to understand and use stablecoins like USDT, influenced by younger people.
Additionally, under the impact of economic downturns, soaring prices, currency devaluation, and high unemployment rates, many families in developing countries are facing financial pressure. Stablecoins, with their functions of value storage, cross-border remittances, and daily payments, have become an alternative financial tool for some users to cope with these challenges.
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