Web3 executive: The "end" of the US dollar stablecoin is a farewell to the trading code

According to Golden Finance, Mert Mumtaz, CEO of Helius, a provider of remote process call (RPC) nodes, said that stablecoins pegged to the US dollar will eventually no longer use independent trading codes. At that time, the exchange will integrate different pricing stablecoins in the background, and only display the option "USD" to users. Mutaz pointed out that the competition for Hyperliquid USD stablecoin (USDH) and the proposals from multiple companies to promise to return 100% of their profits to Hyperliquid, both indicate that the stablecoin field has entered the "commodification" stage. Mutaz further added that he expects more companies to issue their own stablecoins in the future, and many existing stablecoin issuers will also start building exclusive payment chains. This trend may lead to liquidity fragmentation, leaving funds trapped in their respective ecosystems without free flow.