Stablecoin Fragmentation: Hurdles to Crypto Ecosystem Growth

Mert Mumtaz, CEO of Helius, suggests that future crypto exchanges will simplify this process by abstracting away stablecoin tickers. They will present a front-end interface displaying only the fiat currency underlying the stablecoin, such as USD or GBP. This allows exchanges to handle cross-chain swaps and transfers behind the scenes, enabling users to interact with stablecoins from any issuer without technical hurdles. Reeve Collins, co-founder of Tether, adds that AI agents and autonomous AI bots will further ease technical challenges by managing wallets on behalf of users, facilitating the use of stablecoins across different issuers and blockchain networks.