“Think about all the economic rents that are derived by firms engaged in that sort of activity, and it was a very important activity, creating trust bridges,” said Epstein. “Now smart contracts do that for us automatically. Think about how long it takes to settle a transaction, and what percentage of the year the market is open. Everything will now settle instantaneously, markets can function for 100% of the year, and decentralized finance makes it all possible. There’s a lot of value in that, and it has nothing to do with algorithmic stablecoins.”
Source: https://www.coindesk.com/markets/2022/05/19/despite-recent-bumps-in-the-road-stablecoins-will-stick-around/?utm_medium=referral&utm_source=rss&utm_campaign=headlines