The market for digital assets backed by fiat money will grow rapidly over the next four years.
According to the forecasts of the CEO of Unstoppable Domains, Matthew Gould, by 2025, the capitalization of stablecoins will reach $ 1 trillion. The businessman expressed his point of view in an interview with Business Insider.
Now the total supply of such assets is $ 115 billion. Thus, Gould believes that in four years, this figure will grow approximately tenfold.
Trending: Smart Contracts Audits Startup Hexens Closed $4.2 M Seed Funding
Moreover, the head of Unstoppable Domains does not exclude that the stablecoin market will reach $ 1 trillion much faster as more and more blockchain applications appear in the cryptosphere, the underlying assets of which are Tether and other fiat-backed coins.
On the topic of Bitcoin, Gould said that the largest digital currency had entered a long phase of consolidation.
The CEO of Unstoppable Domains said: "The forecast is based on the past experience. Usually, when the market drops 50% or more, it takes a year or two for it to consolidate."