Ondo COO: Total Potential Market for 'Income-Based' Stablecoins Could Be Larger Than the Entire Current Stablecoin Market Demand

On 2 February, Justin Schmidt, Chief Operating Officer of Ondo, predicted that the total potential market for 'income' stablecoins could be larger than the current demand for the entire stablecoin market. If a user holds a stablecoin like USDC or USDT, he or she will not be able to earn revenue, while others will be able to earn revenue through 'income' stablecoins, which are more capital efficient.