MEXC Exchange Seeks to Revamp Earn Ecosystem Amid Rising Stablecoin Demand

MEXC, a leading cryptocurrency exchange, has been experiencing a surge in demand for stablecoins, particularly USDT. According to Vugar Usi, the Chief Operating Officer of MEXC, this is due to the growing need for a reliable 'dollar rail' for global crypto activity.

Usi explains that stablecoins have become essential for traders and investors who require access to dollars without exiting the market. The ease of use and flexibility offered by stablecoins make them an attractive option in markets with high inflation, capital controls, or limited access to dollar accounts and payment networks.