Stablecoin Race to Begin When Wall St Embraces DeFi

Tyler Winklevoss, an investor and early cryptocurrency adopter as well as the CEO of the Gemini exchange, recently shared his insights in an interview with Camila Russo from The Defiant. He predicted that the competition among stablecoins will intensify once Wall Street begins to engage with decentralized finance (DeFi).

Despite his optimistic view on the future of DeFi, Winklevoss emphasized that the cryptocurrency industry currently lacks a standout application that would attract users from outside the existing digital currency community.