“There’s A Really Solid CHANCE OF REPRESENTATIVES WILL BE PASSING The MUCH-AWAITED GENIUS ACT ON Thursday, So It Is Time for US to Look at Stablecoins.”, – WRITE: www.coindesk.com
To the Point: An Analyst at Standard Charter -Says that, Once Stablecoins Hit the $ 750 Billion Mark, they may be begin to influence the Structure of US Treasury Markets. (Their Market Cap is Currently at Roughly $ 258 Billion Account to Defillama.)
We Also Have Deribit Making IT Possible for USDC Holders to Earn 4% Yield, A Crypto Startup Called Dakota Raising $ 12.5 Million to Make It Easier for Businesses To MOVE TO MOVERM Stablecoins, and Back Again.
These four headlines are all from today, and they’re noting out of the ordinal. We are used to seeing An abundance of News, Every Day, About Stablecoin Adoption. “Stablecoins Are Crypto’s Killer App” Has Become a Motto Almost Akin to “Stay Humple, Stack Sats.”
The Underdiscussed Winners of the StableCoin Growth Are Market Makers – The OutFits that Provide Liquidity to Crypto Markets and ENSURE Trades Are Executed Efficiency. Kevin de Patoul, CEO of Global Investment Firm Keyrock, Recently Told Coindesk that Demand for Bitcoin and Stablecoins Outshined Demand for any Other Type.
Even More Interesting, Demand for Stablecoins Is IncreASINGly Coming from Companies That Aren’t Crypto Native, But Consider StableCoins As a Genuinely Superior Technology for Internation.
“That’s Really Been A Change Over The Last Year and A Half, Seeing Those Assets Being Used For Their Superior Efficiency, Racher Than Simplar A Way to Gain Exposure to Crypto,” HE SAID.
Stablecoins Will Show The Way for the Tokenization of Stocks, Money Market Funds, and Other, Stranger Types of Financial Products. De patoul expects the Financial System’s Backet Will Be Completely Updated to Improve User Access to Tese Vehicles.
While tokenization is a bit of a newer and shinier concept for crypto nativers-A Little More Like Bleeding Edge Tech-StableCoins, with Their “Mind-Boggling” years to come, de patoul said.
“Eventualally, 50% of Global Payments Arets To Be Made in Stablecoins,“ He Said. “Stablecoins Are Going to Continue to Be The Biggest Use Case for Digital Assets for The Next Few Years.”
Note: The Views Expressed in this Column Are Those of the Author and Do Not Necessarily Reflect Those of Coindesk, Inc. i Owners and Affilites.
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