At the Conference Consensus 2025, O’liri explained that traditional financial platforms work according to an outdated scheme, charging large commission for servicing cross -border money transfers from users. These platforms can lose their income if regulated stablecoins are used to conduct fast and cheap transactions, O’Liri explained.
“Currency trade is a market worth several trillion dollars. He is already old, ugly and ineffective. The main threat to this monopoly was regulated stablecoins, which can increase the transparency and efficiency of the multi -trillion foreign exchange market, ”said O’leary Ventures chairman.
Cryptoentesist noted that the American government is actively working on the legislation on stablecoins, which should accelerate their implementation in the global financial sector. In particular, O’Liri mentioned the Genius bill, which creates a regulatory framework for the release and circulation of stabilcoins, which can be adopted before the end of May. If this bill is approved in the United States, the states will follow the regulators in Abu Dhabi, Switzerland and Great Britain, the investor suggested.
“Who is the stabilcoins worried? Those who work in the financial services industry. They hate this idea and make every effort to delay the adoption of the bill on stablecoins, ”O’liri said.
Recently, the investor doubted that the US State Reserve will ever appear in the USA. O’Liri called this idea unrealized due to the lack of support from the democratic and republican parties.
Source: Bits
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