Crypto Exec says to wait for a stablescoins to an American dollar without a ticker in the future

According to the user, according to Mert Mumtaz, CEO of the backend, presenting only one “USD” option to the user is ultimately lost the bins, presenting only a “USD” option.

The war of auction for the USD Stablecoin hyperliquidal (USDH), and the proposals of several companies promising to restore 100% of the yield to the hyperliquid, revealed that the stable sector has become “merchant”, said Mumtaz.

Mumtaz added that he expects many companies to emit their own stablecoins and many existing stabbling transmitters to start their own payment channels in the future, which could create liquidity fragmentation, keeping the capital trapped in these ecosystems.

He said the most optimal solution to get ahead of this liquidity problem is that exchanges simply accept all stabbed and convert them to the desired name on the backend without the user seeing what is going on. Mumtaz wrote:

“The end of the possible game is that you do not see the ticker at all. The applications will simply display” USD “instead of USDC, USDT or USDX, and they will exchange everything in the Backend via a standardized interface.”

Stablecoins should emerge as a de facto standard for fiduciary currencies in the digital age while the global financial system moves onchain and adopts native internet systems, further eroding the need to name stablescoins of different transmitters for end users.

In relation: Inside the Hyperliquid Stablecoin race: companies in the running for the USDH

Artificial intelligence to increase the abstraction of the stable

Reeve Collins, co-founder of the Stablecoin firm Tether and the Neo-Bank Wefi blockchain, also told Cintelegraph that he expects that the number of stablecoins proliferate in the coming years, which will be abstract through AI agents managing portfolios on behalf of users.