Controlled stablecoins are in the spotlight with policymakers as a panel of digital control space experts discuss the future use of the asset at the World of Web3 (WOW) Summit in Hong Kong.
In a panel titled “Digital Sector: Predictions and Ways Ahead”, the group discussed how stablecoins will continue to operate by 2030, and how the current number of stablecoin markets helps see to this. While agreeing to the growth of the crypto industry, Alexandra Sasha, the first member of parliament of Denmark and an advocate for blockchain technology and innovation, said that the stablecoins controlled will go from strength to strength.
In his statement, Sasha said, “So I think there are still two types of needs because you will still have people who want to schedule digitally, and you will still have people who want this method of payment debt, of course, unless it is prohibited, but I don’t think that is anyone’s intention.
Regarding the wide acceptance of regulated stablecoins by 2030, Kelvin Lester Lee, commissioner of the Securities Exchange Commission of the Philippines, said that he is not sure whether the regulated digital asset will be successful at that time. However, they will still exist and may differ.
In summary, Douglas Arner, a professor who works in the area of the connection between financial law and technology at the University of Hong Kong, added that this whole decade will be a competition between the middle way and the system of lack base. According to Arner, competition affects as much about the metaverse as it does in the crypto environment, and at the end of the decade, there will be many different types where there is a high potential for stablecoins. will be the most widely used financial instrument integrated with blockchain applications.
Get $200 Free Bitcoins every hour! No Deposit No Credit Card required. Sign Up