The next windfall in the cryptocurrency industry may be right in the mobile phone in your pocket!!!
Cardano founder Charles Hoskinson recently shared a significant viewpoint: the regulation of stablecoins is about to be implemented, and this is precisely the "stepping stone" for major tech companies to enter the cryptocurrency field.
He is not wrong. With iPhones and Androids widespread globally, once giants like Apple, Google, Meta, and Microsoft integrate cryptocurrency wallets into system-level applications, the user base could easily surge from the current hundreds of millions to 3 billion. This is not a fantasy, but a trend that is happening:
Apple has relaxed the restrictions on cryptocurrency applications in the App Store;
Google Play Store allows blockchain games and NFT applications;
Meta is still promoting Web3 and digital identity initiatives.
Behind these actions is a positioning battle among tech giants for the future payment ecosystem, and stablecoins are the entry point. If stablecoins are legally "normalized", these companies, armed with technology, users, payment terminals, and ecosystems, have the capability to achieve "universal adoption" of cryptocurrency overnight.
What does this mean for the cryptocurrency industry?
✅ Positive: The speed of mainstream adoption will accelerate, with a significant influx of users, funds, and developers. Cryptocurrency will no longer be a "geek paradise" but a financial tool for everyone.
⚠️ Risk: The influx of centralized power may dilute the original intention of decentralization, potentially leading cryptocurrency down the old path of traditional internet giants' monopolies.
For Cardano, this is both an opportunity and a challenge. Its newly released open-source identity wallet Veridian marks Cardano's move to seize the main track of "digital identity", focusing on privacy, autonomy, and security, trying to establish a moat before the big players enter.
The implementation of regulation is a necessary path for cryptocurrency to get on track, but we must not let the "big company dividends" consume the existing freedom and equality. Projects like Cardano can only survive and thrive in the next cycle of reshuffling by continuously strengthening their technological moat and adhering to the principles of decentralization.
