Tether CEO Reveals Why Stablecoins Adoption Is Rising
In a recent conversation with Bankless, Tether CEO Paolo Ardoino explained the accelerating rise of stablecoins — especially in financially unstable regions. Around 2020, a growing number of middle-aged individuals unfamiliar with crypto began exploring digital assets, influenced by younger family members already in the space.
As economic conditions worsened — with rising inflation, job losses, and currency devaluations — many turned to stablecoins like USDT. Unlike traditional cryptocurrencies, stablecoins are pegged to fiat currencies, offering a stable store of value amid chaos.
