- The key factors for the development of the sector in 2024 will be transparency, diversification of collateral and regulation of stablecoins.
- Stablecoins that are pegged to the dollar will continue to dominate the market.
Transparency of collateral and diversification of collateral will become the main vectors of development of the stablecoin market in 2024. This conclusion was reached by Markus Franke, doctor of economics and CEO of Mento Labs.
The expert stated that stablecoins are a basic tool in the dynamic world of cryptocurrencies, providing relative stability in the market.
According to Franke, the real use cases for Web3 come down to the tokenization of real assets. Stablecoins are central to these transfers and are often used as a store of value or exchange tool, the analyst concluded.
Ivan BabiukIn his report, Markus Franke named several factors for the development of the stablecoin market in 2024. According to him, over the past two years, market capitalization has grown to more than $100 billion. Users and businesses understand the stability, security, and speed of financial transactions that stablecoins can offer, the expert noted.
In December 2023, the capitalization of the USDT stablecoin reached $90 billion for the first time.. Bernstein Bank specialists believe that in the next five years, the sector’s volumes could reach $2.8 trillion.
The expert called stablecoins a convenient settlement tool for international organizations interested in fast and secure settlement transactions. Previously, S&P assessed the stability and risks of this asset class.