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Quigley is optimistic about the future of stablecoins, predicting that within the next decade, major global economies will adopt tokenized forms of their fiat currencies. He believes this will greatly enhance payment efficiencies, allowing for significant reductions in transaction costs. He emphasized that current regulatory discussions are crucial, and legislation around stablecoins should address the coexistence of privately issued and sovereign stablecoins.
There is a call for a clearer understanding among lawmakers regarding stablecoins' revolutionary potential in reducing friction in cross-border payments. Quigley underscored the immense annual savings in conversion costs that could be achieved if stablecoins gain broader acceptance and functionality across different industries.