Viewpoint: Stablecoins will be abstracted as “USD” option

According to Cointelegraph, Helius CEO Mert Mumtaz said that stablecoins will eventually lose their price code, and the exchange will abstract different stablecoins in the background and show users only the "USD" option. The stablecoin industry has been commodified, and many companies will issue their own stablecoins and launch payment chains, which may lead to liquidity fragmentation. The optimal solution is that the exchange accepts all stablecoins and converts them to the desired currency in the background. Stablecoins will become the fiat currency standard in the digital age, reducing the demand for stablecoins from different issuers. Reeve Collins expects stablecoins to be abstractly managed through AI proxy to simplify user experience.