There is a lot that takes place globally that is measured in USD yet there is no currency involved (at least US Dollars). Hence we have a situation with money transformation.
I believe we will have mutiple stablecoins, there will not be just one. We are dealing with networks and some are going to have their own.
My guess is we end up with around 5 as the primary fuel for global trade and then a number of others that have niche use cases.
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I think possible 5 winners will be stablecoins that are really good at the basic level in terms of infrastructure and performance.