- Matt Hougan, CIO of Bitwise, stated that if stablecoins grow to a scale of trillions of dollars, the overall structure of the virtual asset market could change significantly.
- U.S. Treasury Secretary Scott Bessent announced that stablecoins will be utilized to maintain the status of the world's reserve currency.
- Hougan pointed out that as the scale of stablecoin assets under management grows, the impact on other cryptocurrency markets should be monitored.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
There is a forecast that if the assets under management (AUM) of stablecoins grow to a scale of trillions of dollars, the overall structure of the virtual asset (cryptocurrency) market could change significantly.
On the 21st, Matt Hougan, Chief Investment Officer (CIO) of Bitwise, stated on X (formerly Twitter), "I can't get the recent remarks of U.S. Treasury Secretary Scott Bessent out of my head," adding, "The scale of stablecoin assets under management (AUM) we imagine now might be too small."
Previously, U.S. Treasury Secretary Scott Bessent stated, "The United States will continue to maintain its status as the world's reserve currency, and we will utilize stablecoins to achieve that goal."
Hougan added, "In a market where stablecoin AUM reaches trillions of dollars, what will the rest of the cryptocurrency market look like?"
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