The Expansion of Stablecoins: Trillions Will Be Needed
There are a couple articles that denote how stablecoins will become larger as time passes.
In this video I discuss these two projects linked in the articles below. These deal with stablecoin adoption and utility. All of this is eventually going to lead to the incorporation of real world assets. If that does indeed amount to quadrillions, we are going to need trillions of stablecoins.
Here are the articles mentioned in the video:
https://decrypt.co/247865/trump-crypto-project-aims-maintain-us-dollar-supremacy-stablecoins
https://watcher.guru/news/ripple-ceo-says-stablecoin-launch-is-very-close
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Trillions for asset-backed stablecoins, but any guess of how much for algorithmic stablecoins like HBD?
Ripple - established as a 'crypto' to, in effect, prop up the the fiat system, now releasing a stablecoin, RLUSD, so when investors buy into it they will simply fund our great friends the banks, right or wrong?
It seems we will a lot more stablecoins to deal with the demand. I think it shouldn't be a problem for algorithmic stablecoins, but Dalz's report on inflation seems to be pointing to a problem that we are facing with HBD.
There are more than 37 trillion dollars in the world, as the crypto ecosystem continues to grow, the amount of money that will become stablecoin will grow exponentially.