Crypto executives say they’ll look forward to tickerless USD stubcoin in the future

According to Mert Mumtaz, CEO of Remote Procedure Call (RPC) Node Provider Helius, the exchange abstracts the stable tokens at different facets on the backend and presents users with only the “USD” option, which ultimately means losing the price ticker.

The bid war on high lipid USD stability (USDH) and suggestions from several companies that promise to return 100% of the yield to high lipids revealed that the Stablecoin sector has been “commoditized,” Mumtaz said.

Mumtaz added that many companies are hoping to issue their own Stablecoins and many existing Stablecoin publishers to launch their own payment chains in the future.

He said the most optimal solution to preempt this liquidity issue is to simply accept all stubcoins and convert them into the desired sect of the backend without the user seeing what is going on. Mumtazu wrote:

“The final endgame is that you don’t see any tickers at all. The app simply displays ‘USD’ instead of USDC, USDT, or USDX, and exchanges everything in the backend via a standardized interface. ”

It is likely that the de facto standard for Fiat currency in the digital age will arise as the global financial system will drive the on-chain, adopt internet native systems and further erode the need to remove stubcoins from various issuers for end-users.

Related: High liquid stub coin race: Competition for USDH

Artificial intelligence to increase stable abstraction

Reeve Collins, co-founder of Stablecoin Firm Tether and Blockchain Neo-Bank Wefi, told Cointelegraph he hopes the number of Stablecoins will grow in the coming years, and will be abstracted through AI agents that manage the portfolio on behalf of users.