Matt Hougan, CIO of cryptocurrency asset manager Bitwise, said that interest in stablecoins is spreading within institutions. According to Cryptobriefing, he said, "After speaking with about 40 global financial advisors, my conclusion is that they are showing greater interest in stablecoins and tokenization than in Bitcoin as a speculative investment. Real-world use cases, not price charts, were at the center of the conversation," adding, "Stablecoins are changing the way we think about capital markets and payments. Stablecoins are also closely related to tokenization. Tokenized assets need dollar-like tokens to use for transactions. Stablecoins play precisely that role."
