Tyler Winklevoss, the co-founder and co-chief executive of the Gemini Trust Foundation, has weighed in on the potential for stablecoins to achieve mass adoption.
In a recent interview, the crypto executive explained that the emergence of this fledgling asset class would depend significantly on that of the decentralized finance (DeFi) sector – primarily with traditional finance.
DeFi and Stablecoin Growth in Tandem
Tyler shared his views while appearing in an interview with Camilla Russo from The Defiant. While there, he explained that Wall Street would need to embrace DeFi to kick off the stablecoin race.
“When Wall Street wants to start investing in decentralized finance, they’ll need a currency. When a decentralized Real Estate Investment Trust pays off a dividend or a stock, is it going to pay it to investors in Ether? Probably not because of the volatility, but in a stablecoin.”
Speaking on the value proposition of stablecoins … Read more