Unstoppable Domains CEO Matthew Gould believes that by 2025 $ 1 trillion worth of stablecoins will be circulating on the market. However, he is not sure about the imminent growth of bitcoin.
Matthew Gould noted that this growth in the capitalization of stable cryptocurrencies is facilitated by the overall development of the cryptocurrency ecosystem, as well as the development of decentralized finance projects.
“Maybe this stablecoin capitalization will be achieved even faster. The more people with stablecoins, the more people can participate in DeFi projects. But when there is such a dramatic growth, there are always risks, ”said the CEO of Unstoppable Domains.
According to Gould, the explosive growth in the capitalization of stable cryptocurrencies raises questions about the volatility of such assets and, of course, about the backing of stablecoins with real assets.
“If you claim that your stablecoin is pegged to the dollar and is worth $ 1, then you must have that dollar in the bank,” said Matthew Gould.
As for the future of cryptocurrency markets, Gould is optimistic. However, he believes that it is unlikely that the bitcoin rate will return to the $ 64,000 mark in the near future:
“I think the bitcoin rate will remain in the channel for this year. I am based on the past – when the market falls by 50% or more, then consolidation continues for a year or two. ”
As a reminder, Unstoppable Domain creates censorship-resistant blockchain sites. Last year, the startup announced the creation of a decentralized “Unstoppable Chat” (dChat) protocol for encrypting and storing messages.
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