Regulated stablecoins are in the spotlight for policymakers as a panel of professionals in digital regulation discuss the asset's future use at the World of Web3 (WOW) summit in Hong Kong. In a panel discussion titled "Digital Assets: Policy and the Way Ahead," the panel discussed how regulated stablecoins are most likely to continue to be used through 2030, and how the current growth rate of the stablecoin market can help Make sure of this.
While acknowledging the growth of the crypto industry, Alexandra Sasha, First Deputy Representative of the Danish Parliament and an advocate for blockchain technology and innovation, said that regulated stablecoins will become stronger. Sasha said in her statement, "So I think there's still demand in both forms because you're going to have people who want to centralize the digital age, and you're always going to have people who want this decentralized way of using payments, Unless, of course, it's banned, but I don't think that's anyone's goal."
Regarding the widespread acceptance of regulated stablecoins by 2030, Philippine Securities and Exchange Commission Commissioner Kelvin Lester Lee said that he is not sure whether regulated digital assets will flourish by then. However, they will still be there and may look different.
Finally, Douglas Arner, a professor in the interrelated fields of finance and technology regulation at the University of Hong Kong, added that this entire decade will be a competition between centralized and decentralized approaches. According to Arner, competition is as applicable in the context of the metaverse as it is in the context of the crypto ecosystem, and by the end of the century there will be a range of different structures that are likely to be regulated. Stablecoins will be blockchain applications The most widely used currency instrument in the program.
