CoinShares said that stablecoins based on Bitcoin may appear in 2024, and may even "match" the speed and cost of other stablecoins in the industry, while also inheriting the basic stability of Bitcoin infrastructure.

CoinShares explained in its latest report: "We expect 2024 to be a key year for Bitcoin in the stablecoin field."

Bitcoin research director Christopher Bendiksen and analyst Matthew Kimmel of CoinShares predict that "a Bitcoin project focused on competing in the modern stablecoin field will become easy to use this year, and theoretically feasible development projects will eventually become available tools for use." (Cointelegraph)