David Pakman: Stablecoins as a Key Driver of Cryptocurrency Market Development
Date: 2025-03-31 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
Pakman notes that the volume of stablecoins could increase from the current $225 billion to $1 trillion during this calendar year. Although such growth seems insignificant compared to the global financial market, it represents a significant step for the cryptocurrency industry and is becoming an important driver of its development.
According to him, the influx of capital into the blockchain transaction sector and the growing interest in Bitcoin and Ethereum exchange-traded funds create favorable conditions for the active development of the decentralized finance (DeFi) market. Pakman believes that the increase in the volume and use of stablecoins could become the starting point for a new stage of digital asset distribution.
The growing popularity of stablecoins, especially in the context of their use in everyday financial transactions, indicates the desire of society for more convenient and efficient payment instruments. The integration of stablecoins into everyday transactions can significantly expand their use and contribute to the further development of the cryptocurrency sector.
In addition, Pakman emphasizes that the use of stablecoins as a payment instrument has the potential to become the basis for the widespread popularization of the cryptocurrency ecosystem. This process can lead to the creation of a sustainable infrastructure that supports the further distribution and adoption of digital assets.
It is worth noting that recently the CEO of Tether, the company that issues the USDT stablecoin, Paolo Ardoino, also expressed his opinion on the new era in the crypto market, calling it the “Stablecoin Multiverse”.
