Stablecoins pegged to the US dollar could eventually lose their individual tickers, according to Mert Mumtaz, CEO of Helius. Mumtaz suggests that exchanges will abstract away the different stablecoin denominations, presenting users with a unified "USD" option. This shift is driven by the commoditization of the stablecoin sector, as seen in the competitive landscape for the Hyperliquid USD stablecoin (USDH). Mumtaz anticipates that many companies will issue their own stablecoins, potentially leading to liquidity fragmentation.
Reeve Collins, co-founder of Tether, predicts that artificial intelligence will play a role in managing stablecoin portfolios, simplifying user interactions. Collins envisions AI agents handling yield-bearing tokens, reducing complexity and technical barriers for users. As the global financial system transitions onchain, stablecoins are expected to become the standard for digital fiat currencies, further diminishing the need for distinct stablecoin tickers.
Stablecoins May Lose Tickers as Exchanges Simplify USD Transactions
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