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Dollar-pegged stablecoins will eventually lose their price tickers, as exchanges abstract away the differently denominated stable tokens on the backend, presenting only a \u201cUSD\u201d option to the user, according to Mert Mumtaz, CEO of remote procedure call (RPC) node provider Helius.\u00a0<\/p>\n
The bidding war for the Hyperliquid USD stablecoin<\/a> (USDH), and proposals from several firms promising to give 100% of the yield back to Hyperliquid, revealed that the stablecoin sector has become \u201ccommoditized,\u201d Mumtaz said<\/a>.\u00a0<\/p>\n Mumtaz added that he expects many companies to issue their own stablecoins and many existing stablecoin issuers to start their own payment chains<\/a> in the future, which may create liquidity fragmentation, keeping capital trapped within those ecosystems.\u00a0<\/p>\n He said that the most optimal solution to get ahead of this liquidity problem is for exchanges to simply accept all stablecoins and convert them to the desired denomination on the backend without the user seeing what is going on. Mumtaz wrote:<\/p>\n \u201cThe eventual endgame is that you don’t see the ticker at all. The apps will just display \u2018USD\u2019 instead of USDC, USDT, or USDX, and they will swap everything in the backend via a standardized interface.\u201d<\/p><\/blockquote>\n Stablecoins are likely to emerge as the de facto standard for fiat currencies in the digital age as the global financial system moves onchain<\/a> and adopts internet-native systems, further eroding the need to denominate stablecoins from different issuers for end users.\u00a0<\/p>\n Related: <\/strong><\/em>Inside the Hyperliquid stablecoin race: The companies vying for USDH<\/strong><\/em><\/a><\/p>\n Reeve Collins, co-founder of stablecoin firm Tether and blockchain neo-bank WeFi, also told Cointelegraph that he expects the number of stablecoins to proliferate in the coming years, which will be abstracted through AI agents<\/a> managing portfolios on behalf of users.<\/p>\n <\/p>\n Collins said the next generation of stablecoin products, which includes yield-bearing tokens, will be automatically managed through agentic AI, removing \u201call of the complexity\u201d of dealing with a multitude of different tokens, lowering technical hurdles for the end user.<\/p>\n \u201cThe only thing that will drive which token to use is which one makes you the most money, which one is the easiest to use,\u201d Collins added.\u00a0<\/p>\nArtificial intelligence to increase stablecoin abstraction<\/h2>\n