The chief strategy officer of US Dollar Coin (USDC) stablecoin issuer Circle is optimistic about the future of crypto assets.
Dante Disparte, who is also Circle’s global policy head, says that the adoption of crypto technology is unavoidable in the same way that the computer revolution forced enterprises to incorporate information and communication technologies into their operations.
According to Disparte, crypto continues to have a major role in the financial industry.
“Arguably, just as boards and executive teams reluctantly owned their cybersecurity and digital transformation mandates, the embrace of crypto technology is equally inevitable, even if the term feels like a bad word. For all its faults, this technology remains a protagonist in the global financial world.”
In light of the failures witnessed in the crypto landscape in 2022, Circle’s chief strategy officer says that breakthrough technologies need to be in the control of responsible stakeholders.
According to Disparte, the future will be shaped by the countries that create crypto regulations and policies that promote “responsible competition.”
“The more enduring approach with all breakthrough technologies is to net out their harmful effects by placing technologies (like all tools) in the hands of responsible actors and encouraging their responsible use.
Herein lies the regulatory and policy conundrum with the epic crypto failures in 2022. The countries that enable responsible competition will shape the future. Cryptography and blockchains will continue to be integral parts of the modern economic toolkit, despite the great harm these tools may have caused when wielded by the wrong people.”
Per Circle’s chief strategy officer, 2022 could be a watershed moment for crypto technology just as the early 2000s were for internet startups.
“Just as it took the dot-com bubble bursting in the early 2000s to hand over the future of the internet to more durable companies, business models and use cases, perhaps 2022 marks a handover of crypto technology and blockchain infrastructure to steadier hands.”
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