Former House Speaker Paul Ryan Says Stablecoins Could Be Worth “Trillions” Once Regulated

Former House Speaker Paul Ryan predicts that stablecoins could attain a value in the “trillions” once they are properly regulated. Stablecoins are digital currencies usually pegged to a reserve of fiat currency like the US dollar, which offers them more price stability than other cryptocurrencies like Bitcoin or Ethereum. The sentiment echoes other industry insiders and officials who suggest that blockchain technology, and stablecoins in particular, have enormous potential for growth, provided that a reliable regulatory framework is put in place. Regulating these currencies could protect consumers while allowing the tech to thrive and innovate. Regulation could also encourage more traditional and skeptical investors to put their money into these digital assets. This prediction comes amidst global moves towards improving regulatory frameworks for cryptocurrencies and digital assets.