Bitwise: Stablecoins will rely on the promotion of major technology companies

ME News Report, May 7 (UTC+8), Bitwise Chief Investment Officer Matt Hougan stated that if stablecoins are adopted by major technology companies, they could reach a market capitalization of $4 trillion by 2030. He pointed out that DoorDash and Meta have recently tested stablecoin payments in limited projects, which is very likely the “killer application of stablecoins.” Although these projects are small in scale, they validate his long-standing judgment and strengthen his confidence that stablecoins will expand to trillions of dollars in assets and hundreds of millions of users. Hougan believes that the current main use case for stablecoins is crypto trading, and achieving scale requires support from large enterprises. For multinational companies, stablecoins are not only cheaper and faster but, more importantly, can simplify global payment infrastructure. (Source: PANews)