In the latest episode of Fortune’s Crypto Playbook podcast, Campbell compared the current moment in stablecoins to the 1990s for the internet, when services like AOL and Netscape were just getting started. “The stablecoin that will probably dominate the future has not been created yet,” he said. “It’s my prediction.”
While many crypto proponents make a similar argument for blockchain technology as a whole, Campbell has more claim to the potential growth for stablecoins. Congress’s passage of the Genius Act in July is one catalyst, along with their clear use case over traditional payment rails, with stablecoins touting lower fees and faster transaction speeds. “The lesson of the internet has been actually what happens is consumers writ large, win and intermediaries just get destroyed.”
Still, Campbell said that the biggest barrier for the technology is the poor design around user experience, which is why existing players might not have the advantage. “If I’m betting on horses, it’s probably the outsiders laying siege to the current thing,” he said.
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