According to the businessman, stablecoins have significant potential and are able to become one of the most effective forms of payment means in the global financial system.
“This is the most useful form of money that has ever been created. But we have not yet reached the iPhone moment, when the developers are everywhere realized by the strength and possibilities of programmable digital dollars on the Internet as once-the potential of programmable mobile devices. But this will happen soon, ”Ellir believes.
Circle CEO believes that stabilcoins encourage competition in the market and change the banking industry, and people have more opportunities to use financial instruments.
Earlier, the US Minister of Finance Scott Bessent said that the market for stabilcoins tied to the dollar can reach a indicator of $ 2 trillion or more in the next few years.
Source: Bits
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