Experts predict significant changes in the stablecoin market
Date: 2024-12-27 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
Ethena founder Guy Yang noted that USDT, issued by Tether, will retain its leading position by a large margin. However, new players, including fintech startups, will actively try to gain their market share.
Ailona Zick, CMO of Alchemy Pay, expressed a similar opinion. She is confident that fiat-backed stablecoins will continue to dominate. According to her forecasts, their use in the decentralized finance (DeFi) sector and in emerging markets will significantly accelerate next year.
Kai Sheffield, head of crypto at Visa, believes that the demand for payment cards integrated with stablecoins will increase significantly. He said that Visa plans to strengthen its capabilities to provide issuers with the ability to pay directly through their system.
Simon McLaughlin, CEO of Uphold, said that stablecoins will become an important tool in international settlements in the medium term. His position was supported by Bill Zielke from BitPay. According to him, stablecoins already make up 5% of all transactions on their platform in 2024, and this share will continue to grow next year, especially in the field of b2b payments.
However, the main obstacle to the growth of stablecoins will remain the unresolved regulatory issues. Cointelegraph experts emphasize that jurisdictions with transparent and understandable laws will contribute to the development of the industry. At the same time, countries with confusing or excessive regulation risk losing their competitive advantages.
Separately, it is worth noting the forecasts of Andreessen Horowitz (a16z), which highlighted stablecoins and AI wallets as key trends in the crypto market in 2025. These technologies are expected to develop rapidly, which could radically change the dynamics of the industry.
