The governor of the Bank of England, Andrew Bailey, wrote yesterday a letter to the G20 indicating that the Financial Stability Board (FSB) – The forum’s financial supervisor, which Bailey was designated to go in April, is evaluating the role of stables in payments and settlements as a maximum priority.
To the point: a Standard Chartered analyst says that, once Stablecoins reached the $ 750 billion brand, they can begin to influence the structure of the United States Treasury markets. (Its market capitalization currently has approximately $ 258 billion as Defillama).
We also have a demribit that makes it possible for USDC holders to obtain a 4%yield, a cryptography startup called Dakota raising $ 12.5 million to facilitate companies to transfer US dollar funds to stable, and return again.
These four headlines are today, and they are nothing out of the ordinary. We are used to seeing a lot of news, every day, about the adoption of Stablecoin. “Stablecoins are Crypto’s murderous application” has become a motto almost similar to “Stack Stack, Stack Sats.”
The subdiscuscated winners of Stablecoin’s growth are market manufacturers, the attire that provide liquidity to cryptography markets and guarantee that operations are executed efficiently. Kevin de Patooul, CEO of the Keyrock Global Investment firm, recently told Coendesk that the demand for Bitcoin and Stablecoins eclipsed the demand of any other type of cryptocurrencies by a wide margin.
Even more interesting, the demand of Stablecoins comes more and more from companies that are not native to crypto, but consider Stablecoins as a genuinely superior technology for international payments.
“That has really been a change in the last year and a half, seeing that these assets are used for superior efficiency, instead of simply a way of obtaining exposure to cryptography,” he said.
Stablecoins will show the path for the tokenization of shares, monetary market funds and other types of foreign financial products. Patoul expects the financial system backend to be updated completely to improve users’ access to these vehicles.
While tokenization is a slightly newer and more bright concept for cryptographic natives, a little more like bleeding edge technology, stabilizations, with its potential as “amazing”, it will probably continue to be the largest story in the coming years, de Patoul said.
“Eventually, 50% of global payments will be made in Stablecoins,” he said. “Stablecoins will continue to be the most large use for digital assets over the next few years.”
