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5min chapter
Addressing the stablecoin FUD with Paolo Ardoino, CTO of Tether (USDT)
Hashing It Out
Are Stable Coins Going to Change Remittances?
A lot of my friends come to me saying they want USDT just because if they saved their money in the Ghana city, which saw some wild level of volatility. So we started 2022 at around seven Ghana cities per dollar or let's even say eight or nine, we got 15 cities per dollar towards the end of the year. I think stable coins are going to completely change how remittances work. The beauty of a stable coin is moving a dollar without an need of an intermediary. And there is nothing better than that in terms of profit.
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