Doliar-dollar stablecoins will eventually lose their prices of tickers, as the exchanges are abstract away of different denominated stable backend tokens, which present only a “USD” option to the user, according to Mert Mumtaz, CEO of the remote procedure call (RPC) node provider Helius.
The War -BEST for Hyperliquid USD Stablecoin . Says.
Mumtaz added that he expects many companies to issue their own stablecoins and many existing stablecoin providers Start their own payment chains In the future, which may create liquidity fragmentation, keeping the capital trapped within the ecosystems.
He said the most optimal solution to precede this problem of liquidity is for exchanges to just accept all the stablecoins and convert them to the desired denomination in backend without seeing the user what’s going on. Mumtaz write:
“The final endgame is that you will never see the ticker. The apps will only display ‘USD’ instead of USDC, USDT, or USDX, and they will kill everything in the backend through a standardized interface.”
Stablecoins are likely to appear as a de facto standard for fiat currencies in digital age as the The global financial system moves to onchain And adopted internet-dating systems, which further eliminates the need to indicate stablecoins from various providers for end users.
Related: Within Hyperliquid Stablecoin Race: The companies that work for USDH
Artificial intelligence to increase stablecoin abstraction
Reeve Collins, co-founder of Stablecoin firm Tether and Blockchain Neo-Bank Wefi, also told Cointelegraph that he expects the number of stablecoins to grow in the coming years, which will be that -abstract by AI agents Management of portfolios on behalf of users.
Collins said the next generation of Stablecoin products, which includes yield -carrying tokens, is automatically managed by the AI agent, which has removed the “all complexity” of dealing with many different tokens, decreasing technical barriers for the end user.
“The only thing to drive which token to use is which one makes you the most money, one of the easiest to use,” Collins added.
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