William Quigley, co-founder of Tether and decentralized exchange WAX, believes that the global economy is likely to transition to tokenized currencies within the next 10 years. Tokenizing fiat currencies such as the U.S. dollar is the greatest innovation since the invention of fiat currencies, and it will enable new mechanisms for global finance in the coming years.
In a fireside chat at the Financial Times Cryptocurrency and Digital Assets Summit on May 9, he praised the technology of tokenisation, which holds "trillions of dollars" in US bank accounts without interest. According to the executive, people like such accounts because they value the idea of banking services.
Tether: Currency tokenization is the "greatest innovation" after fiat currencies
2024-05-09 13:26:29
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