Moody's “Even if regulatory law passes, surge in Stablecoins is difficult... Warning against excessive expectations”

Stablecoin Market Expected To Continue Centered Around Tether And USDC (Source: CoinGape)

Even If Stablecoin Regulatory Bills Pass In The United States, The Analysis Showed That The Possibility Of Thousands Of New Stablecoins Flooding The Market Is Low. Global Credit Rating Agency Moody’s Digital Asset Senior Analyst Cristiano Ventricelli Diagnosed This In An Interview With Decrypt On The 28th (Local Time).

Ventricelli Stated, “Recently, Within And Outside The Industry, There Is Growing Expectation That If Regulations Are Established, New Stablecoins That Can Challenge Existing Strong Players Like Tether (USDT) And Circle (USDC) Will Appear In Large Numbers, But This Is A Rather Exaggerated Outlook.”

He Pointed Out, “Even If A Regulatory Framework Is Created, There Are Still Complex Barriers To Entry Such As Obtaining Licenses, Capital Requirements, Auditing, And Securing Partners, And Creating A Sustainable Business Model Is Completely Different From Just Printing Tokens.”

This Remark Is Evaluated As Highlighting The Gap Between Market Expectations And Reality, Coupled With Stablecoin Regulatory Bills Such As The ‘GENIUS Act’ Currently Under Discussion In The US Congress. Ventricelli Added, “In The Long Term, Competition Will Expand, But The Likelihood Of Tether Or USDC’s Dominance Collapsing In The Short Term Is Not High.”