Tether CEO explains why stablecoins are experiencing explosive growth According to Tether CEO Paolo Ardoino, in 2020, many middle-aged people who had not previously been exposed to cryptocurrency began to learn about stablecoins under the influence of young people. During the economic downturn, some developing countries have been hit harder, with soaring prices, currency depreciation, and high unemployment rates, causing a large number of households to face financial difficulties. At this point, stablecoins such as USDT can to some extent meet the needs of these households and are used for stored value, cross-border remittances, and daily payments. Video source: https://www. (youtube.com)/watch? v=49Mos7V5rMU&t=2879s