Matt Hougan: "The Stablecoin Market Will Grow Much Larger Than We Imagine"

There is a forecast that if the assets under management (AUM) of stablecoins grow to a scale of trillions of dollars, the overall structure of the virtual asset (cryptocurrency) market could change significantly.

On the 21st, Matt Hougan, Chief Investment Officer (CIO) of Bitwise, stated on X (formerly Twitter), "I can't get the recent remarks of U.S. Treasury Secretary Scott Bessent out of my head," adding, "The scale of stablecoin assets under management (AUM) we imagine now might be too small."

Previously, U.S. Treasury Secretary Scott Bessent stated, "The United States will continue to maintain its status as the world's reserve currency, and we will utilize stablecoins to achieve that goal."

Hougan added, "In a market where stablecoin AUM reaches trillions of dollars, what will the rest of the cryptocurrency market look like?"