Tether CEO: The influx of new users and the resonance of economic downturn have led to explosive growth in stablecoins

Planet Daily News: Tether CEO Paolo Ardoino recently stated in an interview that the rapid growth of stablecoins is driven by both changes in user structure and macroeconomic factors. He pointed out that since 2020, many middle-aged people who were previously unfamiliar with cryptocurrencies have begun to understand and use stablecoins like USDT under the influence of younger generations. Additionally, in the face of economic downturn, soaring prices, local currency depreciation, and high unemployment rates, many families in developing countries are experiencing financial pressure. Stablecoins, with their functions of value storage, cross-border remittance, and daily payments, have become an alternative financial tool for some users to cope with these challenges.