Web3 executives: The “end” of the US dollar stablecoin may be no code, and the front end will only display USD

2025/09/14 09:31

PANews reported on September 14 that according to Cointelegraph, Mert Mumtaz, CEO of RPC node provider Helius, said that as exchanges abstract different priced stablecoins on the back end and only provide users with "dollar" options, stablecoins pegged to the US dollar will eventually lose their price codes.

Mumtaz said that the bidding war for Hyperliquid's US dollar stablecoin (USDH), and the proposals of multiple companies to pledge 100% of their profits to Hyperliquid, show that the stablecoin industry has become "commoditized." It is expected that many companies will issue their own stablecoins in the future, and many existing stablecoin issuers will also build their own payment chains, which may lead to liquidity fragmentation. The best solution to this liquidity problem is for exchanges to accept all stablecoins directly and convert them to the required denomination on the back end without users having to see what is happening. "The end result is that you can't see the code at all. The application will just show "USD" instead of USDC, USDT or USDX, and they will convert all currencies on the back end through a standardized interface."

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

‘The Witcher’ Season 4 Gets First Trailer With Liam Hemsworth And An October Release Date

‘The Witcher’ Season 4 Gets First Trailer With Liam Hemsworth And An October Release Date

The post ‘The Witcher’ Season 4 Gets First Trailer With Liam Hemsworth And An October Release Date appeared on BitcoinEthereumNews.com. The Witcher Season 4 Credit: Netflix Netflix dropped the first trailer for fantasy series The Witcher’s fourth season Saturday evening. This is our first glimpse of Liam Hemsworth as Geralt of Rivia actually in action. We’ve seen plenty of set photos, but now we get to watch the new monster hunter actually fight a monster – specifically, a wraith. It sounds like Season 3 will once again follow our heroes on separate journeys. The logline reads: “After the Continent-altering events of Season 3, Geralt, Yennefer, and Ciri find themselves separated by a raging war and countless enemies. As their paths diverge, and their goals sharpen, they stumble on unexpected allies eager to join their journeys. And if they can accept these found families, they just might have a chance at reuniting for good.” Here’s the trailer: Netflix also announced that all eight episodes of Season 4 will drop on October 30th, just in time for Halloween. Toss a coin to your Witcher costume designers. “My journey as Geralt of Rivia has been filled with both monsters and adventures, and alas, I will be laying down my medallion and my swords for Season 4,” previous Witcher star, Henry Cavill, posted to his Instagram account back in 2022 prior to the third season’s release. “In my stead, the fantastic Mr. Liam Hemsworth will be taking up the mantle of the White Wolf.” This was followed by one of the weirdest marketing campaigns I’ve ever seen for a TV show, with Netflix putting up billboards that said “He’s Still Geralt” as advertisements for Season 3, which was split into two parts. To make matters worse, one of the show’s producers blamed American viewers for the dumbing down of the show’s script. Cavill has big shoes to fill. He was not only the perfect…
Share
BitcoinEthereumNews2025/09/14 11:46
Share