Part 3/6:
In today's segment of CBC's Crypto World, McKenzie Seallow interviewed William Quigley, co-founder of Wax and Tether. The discussion focused on the evolution of the stablecoin market and its potential growth in 2024 in light of new U.S. regulations expected in 2025. Quigley reflected on how stablecoins have played a vital role in crypto trading, facilitating as much as 60-70% of all cryptocurrency trading pairs. Despite their significant contribution, Quigley noted that the adoption of stablecoins for everyday consumer use—such as online shopping and peer-to-peer transactions—has been lackluster.