The Use of Blockchains and Stablecoins is Set to Increase by 2030
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Stablecoins will strengthen as regulators look to regulate them
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.
Regulators look to regulate stablecoins as a way to keep pace with the blockchain
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.