The hottest technology in crypto right now is the stablecoin, a type of cryptocurrency that is typically pegged to the U.S. dollar. While Tether and Circle’s USDC are the clear leaders right now, it’s very possible a yet-to-be-released stablecoin could emerge as the long-term winner. That’s according to Austin Campbell, a professor and former executive at stablecoin firm Paxos, who shared his thoughts on the latest edition of Fortune’s Crypto Playbook (available on Spotify, Apple, and YouTube).
Stablecoins such as Circle’s USDC and Tether have long been popular among crypto traders as a form of settlement, but a series of high-profile acquisitions and IPOs—as well as Congress passing comprehensive legislation this summer to regulate the technology—have catapulted them into the mainstream. Now, big tech firms and banks alike are exploring integration, while new challengers are entering the market every week.
