The governor of the Bank of England, Andrew Bailey, wrote a letter to the G20 yesterday declaring that the Financial Stability Board (FSB) – The forum financial supervisor, whom Bailey was appointed to lead in April – assesses the role of stablecoins in payments and regulations as absolute priority.
To the point: a Chartered Standard analyst says that once stablecoins have reached the $ 750 billion mark, they can start influencing the structure of the US Treasury markets. (Their market capitalization is currently about $ 258 billion according to Defilma.)
We also have difficulty, which allows USDC holders to win a yield of 4%, a crypto startup called Dakota collecting $ 12.5 million to facilitate the transmission of American dollars funds to the stablescoins and vice versa.
These four titles are all from today, and they are nothing out of the ordinary. We are used to seeing an abundance of news, every day, about the adoption of stablescoin. “Stablecoins is the Killer of Crypto” has become an almost related motto to “stay humble, stack the Sats.”
The sub -editing winners of the growth of stablescoin are market decision -makers – the outfits that provide liquidity to cryptographic markets and guarantee that transactions are effectively executed. Kevin de Patoul, CEO of the world investment company, Keyrock, recently told Coindesk that the demand for bitcoins and stablescoins surpassed demand for any other type of cryptocurrency by a large margin.
Even more interesting, the demand for stablescoins comes more and more companies that are not native of cryptography, but consider stablecoins as a truly higher technology for international payments.
“It has really been a change in the past year and a half, seeing these assets used for their higher efficiency, rather than a simple way to expose yourself to the crypto,” he said.
Stablecoins will show the way to the tokenization of actions, money market funds and other types of foreign financial products. De Patoul expects the backend of the financial system to be fully updated to improve user access to these vehicles.
Although the tokenization is a little more recent and more brilliant for cryptographic natives – a little more like Edge bleeding technology – Stablecoins, with their “bewildering” potential, will probably remain the biggest story for the years to come, said Patoul.
“Finally, 50% of world payments will be made in stablecoins,” he said. “The Stablecoins will continue to be the largest use case for digital assets for the next few years.”
