Billionaire and former hedge fund manager Stanley Druckenmiller stated that stablecoins could become the foundation of the global payment system within the next 10 to 15 years.
According to him, these assets have clear advantages over traditional banking infrastructure. They enable faster and cheaper transactions, enhancing the efficiency of financial operations.
The investor suggested that a significant portion of payments could transition to blockchain infrastructure using stablecoins in the long run. He described these tokens as one of the most practical and productive applications of the technology.
However, Druckenmiller expressed skepticism about most crypto assets, stating that many remain "solutions in search of a problem." At the same time, he acknowledged that Bitcoin has become a recognizable brand and occupies a specific niche as a store of value.
The expert also noted that the role of the world's reserve currency may change in the future. This raises questions about the dollar's ability to maintain this status over the coming decades. The billionaire cited the declining trust in the traditional banking system led by the Federal Reserve as the main reason for this shift.
In his view, stablecoins like USDT and USDC have the potential to become the foundational infrastructure for digital payments due to their stability and integration with blockchain technology.
As a reminder, in January, the volume of stablecoin transfers exceeded $10.5 trillion — the highest level since April 2022.