Matt Hougan, Chief Investment Officer of Bitwise, argues that stablecoins are not just a bridge between traditional finance and crypto but a cornerstone of the future for digital assets. This assertion comes from his observation that stablecoin adoption has skyrocketed, surpassing billions in value. Hougan’s reasoning hinges on two key factors: first, the rapid growth of stablecoin assets under management (AUM), indicating their increasing utility; and second, stablecoin issuers generating revenue through reserve yields, creating a robust business model. 🎧 This highlights the importance of both infrastructure and application layers in unlocking cryptocurrency’s full potential.