<span style="font-weight: 400;">At the World of Web3 (WOW) Summit in Hong Kong, a panel of experts in the digital regulatory space discussed the future of <a href="https://www.cryptoknowmics.com/news/cftc-chair-says-ether-and-stablecoins-are-commodities/" target="_blank" rel="noopener">stablecoins</a>. This puts stabilised cryptocurrencies in the spotlight for policymakers. Under the heading  “Digital Assets: Policies &amp; the Road Ahead,” the group discussed how the current growth rate of the stablecoins market helps to ensure that regulated stablecoins would continue to be used. </span>
<h2><span style="font-weight: 400;">Stablecoins will strengthen as regulators look to regulate them</span></h2>
<span style="font-weight: 400;">Alexandra Sasha, the first deputy to the Danish Parliament and an advocate for blockchain technology and innovation acknowledged the expansion of the cryptocurrency industry. She predicted that regulated stablecoins would strengthen. Kelvin Lester Lee, commissioner of the Securities Exchange Commission of the Philippines stated that he is uncertain as to whether regulated digital assets would be successful.</span>
<h2><span style="font-weight: 400;">Regulators look to regulate stablecoins as a way to keep pace with the blockchain</span></h2>
<span style="font-weight: 400;">Gathering together, Douglas Arner, a professor working in the areas of interconnection between finance and technology regulation at the University of Hong Kong, added that this entire ten years would be a competition between centralised approaches and decentralised approaches. By the end of the decade, there will be a spectrum of different structures in which regulated stablecoins will emerge as the most widely used monetary instrument embedded in blockchain applications. The competition applies equally to the metaverse as it does to the crypto ecosystem.</span>

The Use of Blockchains and Stablecoins is Set to Increase by 2030

Digital regulatory professionals have predicted the wide use of stablecoins worldwide by 2030, despite the current competition between TradFi and DeFi.

Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

The Use of Blockchains and Stablecoins is Set to Increase by 2030

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