In a notable development, BlackRock, the world's largest asset management company, indicates that stablecoins are poised to be a cornerstone of the upcoming global financial system, supported by major regulatory shifts and increasing institutional interest.
The company's CEO, Larry Fink, does not hide his growing support for asset tokenization technologies and stablecoins, affirming that they will revolutionize how assets are owned and traded, by enabling fractional ownership and seamless access to digital markets.
The company has taken a practical step by launching the USD Institutional Digital Liquidity Fund (BUIDL), a fund based on stablecoins that is used as collateral in decentralized finance protocols, reflecting the increasing integration between traditional financial institutions and the world of DeFi.
Estimates suggest that the stablecoin market, currently valued at around $250 billion, could grow to $2 trillion by 2028, thanks to evolving regulatory frameworks, such as the Genius Act, which pushes for safer regulation and issuance.
This trend not only represents an investment growth opportunity but also paves the way for the expansion of global payments in digital dollars, enhancing the idea of financial democracy and universal access to assets, making stablecoins a strategic tool in shaping the contours of the new digital economy.