The post Stablecoins To Be Next Trillion-Dollar Market, Outpacing ETFs: Expert appeared on BitcoinEthereumNews.com.

Tether advisor Gabor Gurbacs predicts stablecoin will become the next multi-trillion-dollar market. Gurbacs highlighted crucial offerings of stablecoins, such as low fees, easy access, and real-world use in commerce. The stablecoin market is over $130 billion, with the leading participants being USDT, USDC, DAI, and TrueUSD. Gabor Gurbacs, an advisor to prominent stablecoin issuer Tether, has argued the potential of stablecoins to become a transformative force in the financial markets, comparing their future to the explosive growth of investment vehicles like exchange-traded funds (ETFs). In a statement on X, Gurbacs contended that stablecoins possess the key attributes necessary to create the next multi-trillion-dollar market. He first highlighted the historical evolution of investment wrappers, progressing from stocks to hedge funds, mutual funds, and ETFs.  According to him, each contributed to the creation of multi-trillion-dollar markets. Gurbacs expressed a firm belief that stablecoins will be the next significant development in the trajectory. To support his claim, he outlined several attributes substantiating the potential for stablecoins to catalyze the emergence of the next multi-trillion-dollar markets. In particular, the Tether advisor compared the unique offerings of stablecoin against stocks, hedge funds, mutual funds, and ETFs. He highlighted that the four traditional investment vehicles have low disruptive potential compared to stablecoin.  Also, Gurbacs outlined stablecoins applicability to commerce and payment, an area all four traditional investments fall short of. He further noted that stablecoins have low network fees compared to high management fees on the other side. Besides, he pointed to the ease of accessibility where stablecoins only require digital wallets. Furthermore, Gurbacs reflected on the evolution of Tether’s USDT stablecoin. He pointed out that back in 2017, the market capitalization of USDT was a modest sum, standing under $100 million. At that time, he had alerted Wall Street to the potential of Tether, suggesting…

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Filed under: News - @ December 28, 2023 12:18 pm