#MastercardStablecoinCards 👤 Kevin O'Leary: "The main threat to global currency exchange platforms is regulated stablecoins"
🗣 Investor Kevin O'Leary spoke at Consensus 2025. During his speech, he touched on "stablecoins" and their role in the modern currency market. O'Leary believes that the biggest threat to the already traditional outdated model is regulated stablecoins:
"Currency trading is a multi-trillion dollar market, and it's old, ugly, and inefficient. Once the SEC approves the stablecoin bill, every regulator in the U.S. — Abu Dhabi, Switzerland, England — will follow suit. Who cares? The financial services industry. They hate this idea and are working very hard to prevent this bill from being passed right now."
📜 Currently, American lawmakers are actively developing a regulatory framework for stablecoin regulation. But the investor went even further in his speech and made an interesting prediction that the regulation of stablecoins will lead to broader cryptocurrency reform. We'll see how it goes, but for now, we await the approval of the necessary acts.