- STABLE & Market Structure Bill potentially can bring 3 billion new crypto users, says Cardano Founder Charles Hoskinson
- If bills will pass we could see massive adoption of stablecoins and their integration among tech giants
- Other crypto could also see significant adoption, huge liquidity, and trading volume
STABLE & Market Structure Bill Potential can bring 3 billion new crypto users, says Cardano Founder Charles Hoskinson. He suggests that if bills fully pass – it can motivate tech giants to use crypto in their operations, while companies like Google, Apple, and others to integrate stablecoins in their payment solutions. So that way, it could seamlessly bring crypto into everyday use for billions of people and boost the industry.
Details on Charles Hoskinson’s Optimistic Suggestions
Let’s take a closer look at what Cardano Founder Charles Hoskinson means. He sees tremendous potential in two bills, one of them being the STABLE (Stablecoin Transparency and Accountability for a Better Ledger Economy) Act, which aims to establish clear rules for the issuance and backing of stablecoins, as well as to ensure they are not classified as securities. The second is the FIT21 (Financial Innovation and Technology for the 21st Century Act) e.g. Market Structure Bill, which calls for allowing companies to use cryptocurrencies for transactions and integrating them into their payment systems.
The key point is that Hoskinson views these initiatives as complementary, automatically creating a specific use case that benefits multiple parties at once.
- First, it can be very effective for the companies, as it gives them the choice of which assets to use to support their operations in various cases without falling outside of regulatory compliance.
- Second, it benefits the users, as they will gain access to crypto within familiar payment methods rather than being forced to adopt new solutions — which remains a gap for Web3.
- Third, according to him, onboarding 3 billion users will bring huge liquidity, trading volumes, and momentum for sustainable growth to the crypto industry.
Does This Make Sense?
In theory, this is a highly logical scenario, although not guaranteed, of course. In any case, it meets several criteria that allow it to be considered realistic — judge for yourself:
- The technical foundation from tech giants with established payment solutions and a massive user base — yes.
- The technical foundation from blockchain platforms, ready for integration into familiar Web2 solutions — yes.
- User convenience and no need to learn new payment solutions but providing them with additional options — yes.
- Benefits for tech giants with increased user activity — yes.
- Benefits for investors from the influx of users to their companies — yes.
- Benefits for the market with capital inflow and streamlined industry development — yes.
- Government approval — not yet.
Conclusion
The market often proves to be a key differentiator, and a sufficient number of mutual interests, especially with an already existing technical foundation – is powerful fuel, making such a scenario quite promising.
But as I mentioned earlier, aside from unpredictable factors that always need to be accounted for, we still face the classic obstacle of regulation, and it is still unclear how soon this will be resolved. Stay tuned for updates, be adaptive in the rapidly evolving financial and crypto landscape, and keep your strategy grounded, balanced, and beneficial.
