Stablecoins, with a dollar price, will eventually lose its price tickers, since exchanges abstract the different stable tokens called in the Backend, presenting only one “USD” option to the user, according to Met Mumtaz, CEO of the provider of remote procedure call nodes (RPC) Helius.
The bidding war for the USD Stablecoin (USDH) hyperlichid, and the proposals of several companies that promise to give 100% of the yield to the hyperlichid, revealed that the stable sector has “marketed,” said Mumtaz.
Mumtaz added that he expects many companies to emit their own stablecoins and many existing Stablecoin emitters to begin their own payment chains in the future, which can create liquidity fragmentation, maintaining the capital trapped within those ecosystems.
He said that the most optimal solution to get ahead of this liquidity problem is that the exchanges simply accept all the stables and make them the desired denomination in the backend without the user seeing what is happening. Mumtaz wrote:
“The final end is that you do not see the ticket at all. Applications will only show ‘USD’ instead of USDC, USDT or USDX, and will change everything in the backend through a standardized interface.”
It is likely that stables arise as the de facto standard for fiduciary currencies in the digital age as the global financial system moves in the chain and adopts native Internet systems, further eroding the need to call the statistics of different emitters for end users.
Related: Within the hyperliquida race of Stablecoin: companies competing for the USDH
Artificial Intelligence to increase Stablecoin’s abstraction
Reeve Collins, co-founder of the stablcoin tether firm and Blockchain Neo-Bank Wefi, also told Cointelegraph that he hopes that the number of stablcoins will proliferate in the coming years, which will be abstracted through AI agents who handle the portfolios in the name of the users.
Collins said that the next generation of Stablecoin products, which includes performance tokens, will be automatically administered through AI de Agent, eliminating “all complexity” of dealing with a multitude of different tokens, reducing technical obstacles to the end user.
“The only thing that will promote what Token to use is which makes you more money, which is the easiest to use,” Collins added.
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