Boris Burer-Belovitzki, the CEO of Concordium, warns that over-reliance on the dollar could destabilize the system, emphasizing the need to diversify currencies. He expects stablecoins to play a key role in payment financing (PayFi), as they provide instant settlements, lower fees, and ease of programming. The concentration of stablecoins around a single currency poses risks. Dollar-linked currencies have significantly dominated the stablecoin market

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