Immy Dorse 
The way we see and use stablecoins might be changing pretty dramatically in the next few years. It’s not just about new coins popping up, but how they’ll actually work for the average person. According to Mert Mumtaz, the CEO of Helius, we might stop seeing all those different ticker symbols altogether.
The Push Toward a Single “USD” Label
Mumtaz’s main idea is that exchanges and apps will start to handle all the complexity behind the scenes. Instead of users choosing between USDC, USDT, or any of the other dollar-pegged tokens, they might just see a simple “USD” option. The platform would automatically swap between different stablecoins in the background using what he calls a “standardized interface.”
This shift seems to be driven by the fact that stablecoins are becoming more of a commodity. Mumtaz pointed to recent bidding around the Hyperliquid USD stablecoin as a sign. When several firms are willing to promise 100% of the yield back to users, it suggests the underlying product is pretty much the same—it’s the features around it that start to matter.
More Coins, More Problems?
He also thinks we’ll see even more companies issuing their own stablecoins. Existing issuers might even launch their own payment-specific chains. That could lead to a kind of liquidity fragmentation, where value gets sort of stuck inside separate ecosystems.
It sounds messy, and perhaps it is. The chart from RWA.XYZ shows the number of issuers is already growing. If that trend continues, things could get complicated for users moving between different apps and chains.
AI as the Invisible Portfolio Manager
This idea of abstraction—hiding the complexity from the user—was echoed by Reeve Collins, a co-founder of Tether. He thinks we’re heading toward a future where AI agents handle stablecoin portfolios automatically.
These AI systems would manage yield-bearing tokens and other next-gen products, choosing which stablecoin to use based purely on what’s most efficient or profitable for the user. The goal would be to strip away all the technical hurdles. The user wouldn’t need to know what’s happening under the hood.
Collins believes the only thing that will really determine which token gets used is which one makes the user the most money, or which is simplest. Not which one has the most name recognition right now.
It feels like we’re moving toward a world where stablecoins are just digital dollars—no different branding, no extra thought required. They’ll just work. Whether that happens in two years or five, it’s probably the direction things are headed.