CEO of crypto exchange Binance Changpeng Zhao expressed his view on Twitter Spaces regarding the possibly increasing popularity of non-dollar stablecoin in the crypto industry in the future. He submitted that dollar stablecoins were still important as most people were still using dollars to calculate their investment returns. However, he noted that the US government’s recent crackdown on dollar-pegged stablecoin will likely result in global crypto industry relying more on euro-based or other Japanese yen, Singapore dollar-based stablecoins. He also anticipated that algorithmic stablecoins may gain more importance in the crypto ecosystem going forward despite the inherent risks associated with them.
Source: https://cointelegraph.com
