According to Techub News, Gan Tian, CEO of Huaxia Fund (Hong Kong), attended the China Wealth Management 50 Forum (CWM50) stablecoin seminar and made a “mind-blowing” prediction about stablecoins: in the next 5, 10, or 20 years, fiat will turn into stablecoins, and there will only be a few universally accepted stablecoins in the world.
Gan Tian added that there have already been a handful of transactions in the entire Yiwu that have been settled using stablecoins. The benefits of stablecoins are self-evident: low cost, speed, timeliness, and efficiency. It is believed that with the promotion of blockchain technology, a global monetary union may eventually form, and in the future, all countries will attempt to issue their own stablecoins. However, for a country’s stablecoin to ultimately prevail, it needs to meet two conditions: a strong financial market and sufficient strength in trade.
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