According to Mert Mumtaz, CEO of the remote procedure call (RPC) node provider Helius, dollar-pegged stablecoins will eventually lose their price tickers as exchanges abstract different denominations of stable tokens on the backend, only showing users the "USD" option.
Mumtaz stated that the bidding war surrounding the Hyperliquid dollar stablecoin (USDH) and the proposals from multiple companies promising to return 100% of profits to Hyperliquid reveal that the stablecoin industry has already been "commoditized."
Mumtaz added that he expects many companies to issue their own stablecoins in the future, and many existing stablecoin issuers will launch their own payment chains, which could lead to liquidity fragmentation, trapping capital within these ecosystems.
He indicated that the optimal solution to this liquidity issue is for exchanges to simply accept all stablecoins and convert them to the desired denomination on the backend, without users needing to understand the underlying operations. Mumtaz wrote:
As the global financial system shifts to on-chain and adopts internet-native systems, stablecoins may become the de facto standard for fiat currency in the digital age, further diminishing the end user's need to differentiate between stablecoins from different issuers.
Reeve Collins, co-founder of stablecoin company Tether and blockchain neobank WeFi, also told Cointelegraph that he expects the number of stablecoins to surge in the coming years, which will be abstracted through AI agents managing user portfolios.
Collins stated that next-generation stablecoin products (including interest-bearing tokens) will be automatically managed by AI agents, eliminating "all the complexities" of handling numerous different tokens and lowering the technical barrier for end users.
Collins added, "The only factor driving which token to use is which one can make you the most money and which one is the easiest to use."
Related: Native Markets officially launches Hyperliquid's USDH stablecoin code
Original article: “Helius CEO: The 'endgame' for dollar stablecoins is no price tickers”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
