Nigel Green, CEO of deVere Group, highlighted that the adoption of stablecoins as a crypto asset class may lead to increased demand for Bitcoin
$ 84,451
and Ethereum
$ 1,899, supporting the U.S. economy. He emphasized the crucial role of digital assets in providing fast and cost-effective transactions that could establish a significant place in the financial system in the future.
Features of Stablecoins
Green pointed out that stablecoins offer near-instant transfer capabilities, benefiting a wide range of transactions from banking to personal transfers. He explained that these crypto assets could facilitate greater money circulation in the U.S. by keeping interest rates low.
Holding U.S. Treasury securities in reserves is also highly beneficial for the country.
The Role of U.S. Policies
The CEO stated that the U.S. could enhance demand for fixed-income government bonds by developing supportive policies for dollar-backed stablecoins. He shared the view that this scenario would pave the way for increased investment in both Bitcoin and Ethereum, alongside technology stocks.
Nigel Green: “Stablecoins work almost instantly, offering quick and cost-effective transfer options. This is beneficial for banks and individuals.”
These statements indicate that crypto assets can facilitate transaction processes.
Nigel Green: “The U.S. benefit lies in taking steps to lower interest rates. Many firms, including those like JPMorgan, PayPal, and Fidelity, are working on stablecoin issuance.”
Green added that innovations brought by the digital world may lead to price increases in certain technology stocks and crypto assets, particularly Ethereum.
The statements underscored that the speed and cost advantages of crypto transactions could enhance trust in the financial system, positively contributing to the overall economic cycle. According to these assessments, the rapid and economical transfer capabilities offered by stablecoins could encourage both individuals and institutions to take a more active role in digital assets. The report emphasizes the importance for U.S. policymakers to closely monitor developments in this field.
