Stablecoins Gain Popularity Amid Economic Challenges

According to Foresight News, Tether CEO Paolo Ardoino explained that in 2020, many middle-aged individuals, previously unfamiliar with cryptocurrencies, began to learn about stablecoins due to the influence of younger generations. During economic downturns, developing countries have been particularly affected, facing soaring prices, currency devaluation, and high unemployment rates, which have placed many families in financial distress. In such times, stablecoins like USDT have partially met the needs of these families, being used for savings, cross-border remittances, and daily transactions.