Valor Capital Grouppartner of Brian Brooksnoted that stablecoins will benefit the US dollar.
The future of cryptocurrencies and digital assets has become the subject of curiosity of the whole world. In particular, how stablecoins will progress against the traditional financial system is among the issues considered. The issue of regulation and adoption is on the agenda of stablecoins.
the past day CNBCSpeaking to , Brian Brooks said that despite the US cautious approach to digital assets, stablecoinHe said it would be beneficial for the country.
Benefit of stablecoins to the US dollar
Valor Capital Grouppartner of Brian Brooks, CNBC‘also Squawk Box was a guest on the show. Brooks cited the importance of stablecoins in making the US dollar relevant again.
Brooks claimed that stablecoins could be the killer application of cryptocurrency. Well to Brooks stablecoins can play an important role in reducing interest in cryptocurrencies. However Brooksunderlined the need to implement regulations that will allow stablecoins to flourish.
US President Joe BidenAddressing ‘s attitude towards stablecoins Brooks discussed the current government’s stablecoin policy. Brooks said:
Citizens in countries with high inflation are really strongly demanding dollar-denominated products to keep their money safer. In many countries where you can’t get a dollar bank account, stablecoins are your best solution.
Brooks, for the development of demand for stablecoins USA of the government argued that it should support According to Brooks, with the support of the government, globally USA your dollaradoption will increase again.
Making sharp sentences on the subject Brookscountries in the world USA from the dollarIn this period of his departure, stablecoinHe argued that ‘s would be of great benefit for re-adoption.
