Tether CEO: The influx of new users resonating with the economic downturn has led to a rise in stablecoin.

According to Mars Finance, Tether CEO Paolo Ardoino recently stated in an interview that the rapid rise of stablecoins is driven by both changes in user demographics and macroeconomic factors. He pointed out that since 2020, many middle-aged individuals who previously had no exposure to Crypto Assets have begun to understand and use stablecoins like USDT, influenced by younger generations. Additionally, under the impact of economic downturns, soaring prices, currency depreciation, and high unemployment rates, many households in developing countries are facing financial pressure. Stablecoins, with their functions of value storage, cross-border remittances, and daily payments, have become alternative financial tools for some users to cope with their difficulties.