Director of venture capital investment Brevan Howard Digital said the payment capabilities of the USDT and USDC steblecoins will attract more users to the world of cryptocurrencies.
Peter Johnson, in a conversation with Morgan Creek Digital founder Anthony Pompliano, noted the growth in adoption of stablecoins despite the volatility of the cryptocurrency market. The growth is due to the fact that stablecoins provide fast transactions with low fees and increase people’s access to banking services, allowing for seamless payments. And the transactions are made not for the sake of speculation in the crypto market, but for purposes unrelated to trading.
Financial institutions are increasingly using stablecoins to move funds between exchanges and fund investments, Johnson says