Stablecoins, bitcoin could reshape finance, Stanley Druckenmiller says

The billionaire investor said stablecoins could become the whole payment system in 10-15 years, and reiterated that crypto might replace the U.S. dollar as the global reserve currency. What to know : Billionaire investor Stanley Druckenmiller said he expects global payment systems to run largely on stablecoins within 15 years, calling them more efficient, faster and cheaper than current infrastructure. He praised stablecoins such as USDT and USDC as a productive use of blockchain technology, and reiterated his view that much of the broader crypto sector remains “a solution looking for a problem.” Druckenmiller said bitcoin has probably secured a role as a store of value and questioned how long the U.S. dollar will remain the world’s reserve currency, suggesting it may be replaced within 50 years.(Coindesk)