At the TOKEN2049 panel, industry leaders including Tether CEO Paolo Ardoino, Paxos founder Charles Cascarilla, and Dragonfly partner Rob Hadick highlighted the transformative role of stablecoins in global payments. Tether's USDT, with 500 million users in emerging markets, is increasingly used as a savings tool, with 35% of users adopting it for this purpose. Notably, 60-70% of USDT transactions occur within the stablecoin ecosystem, underscoring its evolution as an independent currency. The panel emphasized stablecoins' potential to provide financial stability in inflation-prone regions like Turkey and Argentina. Cascarilla pointed to a growing adoption of stablecoins beyond the crypto sphere, facilitated by the GENIUS Act's legal framework. Hadick noted that stablecoins now account for 10% of remittances between the U.S. and countries like India and Mexico, tapping into a $200 trillion market. Tether also reported $3 billion in profits for 2024 and is expanding into sectors such as decentralized energy, AI, telecom, and social media in Africa.