ARK Invest Explores the Future Development and Historical Background of Stablecoins

ARK Invest's Director of Digital Assets Research, Lorenzo Valente, authored an article discussing the development and historical background of stablecoins. He highlighted that the supply, trading volume, and user base of stablecoins are expected to reach record highs by 2025, driven by the legalization of their status as privately issued currencies under the 'GENIUS Act.' The article reviewed the similarities between stablecoins and the U.S. private currency system prior to 1913, while analyzing the technological foundation, development trajectory, and future direction of stablecoins. Tether co-founder Paolo Ardoino believes that stablecoins hold significant value in emerging markets and may be pegged to commodity indices in the future. In 2025, Tether is set to provide settlement services for oil transactions, driving increased global demand for USDT in the commodities market.