"Stablecoins to Grow as Banking Infrastructure Alternative" [Token 2049 Dubai]

There is a forecast that stablecoins will grow as a 'banking infrastructure alternative' that supports billions of people around the world to access financial infrastructure.

On the 1st (local time), Dan Morehead, founder of Pantera Capital, stated in a keynote speech at Token 2049 Dubai, held at Madinat Jumeirah, Dubai, "Stablecoins will enable over 5 billion people who have difficulty accessing finance to access financial services and will gradually evolve into a user-driven governance-based financial infrastructure that replaces banking functions."

He also predicted that technologies such as tokenized bonds and blockchain mortgages based on stablecoins will rapidly develop. He explained, "Technologies such as scaling, user convenience, and tokenization are rapidly advancing. In particular, there are already successful projects like the $40 billion blockchain mortgage by Figure Markets and the $1 billion tokenized bonds by Ondo Finance."

He also foresaw that the national strategic assetization of Bitcoin will intensify. Dan Morehead said, "The United States already holds 1% of Bitcoin. China is already showing movements to strategically stockpile Bitcoin, and it is expected that the competitive landscape of Bitcoin among countries will expand in the future."