Having been in the crypto industry for four years, I firmly believe that while cryptocurrency is the currency of the future, not all cryptos are suited for that role. Coins like Bitcoin, Ethereum, Dogecoin, and Cardano are more akin to commodities or assets than practical currencies due to their volatility. They serve specific purposes but lack the stability needed for everyday transactions.
The true contenders for future currency are stablecoins. Pegged 1:1 to real-world currencies like the US dollar, stablecoins such as $USDT and $USDC
provide the stability and reliability required for global adoption. They address the volatility issue, making them ideal for payments, savings, and cross-border transactions.
For a currency to succeed, it must be stable, widely accepted, and retain value over time. Stablecoins meet these criteria, bridging the gap between traditional finance and the blockchain revolution.
In my view, while other cryptocurrencies will continue to thrive as assets or tools for innovation, stablecoins represent the real future of currency. Stability is the key to global adoption, and stablecoins are leading the way.
By Ayyman Saeedh
Certified Blockchain Expert and Crypto Professional