Bitcoin, that fickle son of a gun, slipped ~2% in 7d, leaving investors as confused as a mule in a thunderstorm. Meanwhile, MUFG’s Hardman waltzed in, claiming stablecoins are the real deal-price-stable, fast, and low-cost, like a well-bred horse compared to Bitcoin’s tempestuous stallion act.
- TC trades near $68k, with a 7d move of about -2.25%, and a 24h range around $66.7k-$69.1k.
- MUFG’s Hardman says stablecoins better meet money’s role via price stability, fast settlement, and low-cost transfers versus BTC’s higher volatility.
- Stablecoins, often fiat-pegged, are gaining attention as digital cash and could see higher adoption in payments while BTC remains mainly a store-of-value asset.
An analyst at Mitsubishi UFJ Financial Group has stated that stablecoins represent a more suitable currency option than Bitcoin for payment purposes, according to recent commentary from the Japanese financial institution. Imagine that-banks finally admitting that digital cash might not need a rollercoaster ride to be useful.
Lee Hardman, an analyst at MUFG, one of Japan’s three largest banks, said stablecoins have attracted increased attention compared to other digital assets due to their function as digital cash. Who knew? Maybe next they’ll say water is wet.
Hardman stated that stablecoins better fulfill the requirements of money by offering price stability and fast, low-cost payment services, according to the analyst’s assessment. The analyst noted that Bitcoin’s high price volatility limits its use as a daily payment method. Oh, so Bitcoin’s good for saving, but not for buying a sandwich? How revolutionary.
Stablecoins are pegged to fiat currencies and maintain stable value, making them more likely to be used as a medium of exchange and payment, Hardman said. Finally, a digital asset that doesn’t act like it’s auditioning for a soap opera.
The comments come as interest in Bitcoin and cryptocurrencies continues to expand globally, with financial institutions increasingly evaluating various digital asset classes for potential use cases. Because nothing says “trust” like a bank saying, “Hey, maybe this thing isn’t a scam after all.”
Read More
- Gold Rate Forecast
- Brent Oil Forecast
- Silver Rate Forecast
- Japan’s Yen Stablecoin: Genius or Financial Disaster? 🤔
- Bitcoin’s Big Sigh: ETFs Flee as Miners Outpace Demand! 🐢💸
- 🇯🇵 Yen Stablecoins: Japan’s New Digital Samurai Sword? 🗡️💰
- Dogecoin’s Descent: Will It Hit $0.13? 🐕💸
- DOGE PREDICTION. DOGE cryptocurrency
- Dogecoin’s 45% Crash: Whale Sell-Offs & Meme Coin Mayhem 🐕💸
- Bitcoin Flees, Ethereum and Friends Throw a Wild Party 🎉💸
2026-02-18 18:05