Morgan Stanley Digital Director: Stablecoins could become the "killer application" of cryptocurrency
Andrew Peel, head of digital asset markets at investment bank Morgan Stanley, stated in a note to investors that stablecoins could become the "killer application" for cryptocurrencies. The trading volume of stablecoins has reached levels comparable to mature digital clearing houses like Visa and PayPal. Even Visa and PayPal themselves have ventured into the field of stablecoins, with Visa integrating USDC on Solana and PayPal launching its PYUSD stablecoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trending news
MoreUS Office of the Comptroller of the Currency: Investigation finds that large banks still refuse to provide services to legitimate crypto businesses
The Hong Kong Securities Association and the Securities and Futures Commission exchange views on virtual assets and new financial products, aiming to clarify the role of market makers.
Crypto prices
More
