Golden Finance reported that at the Emergence conference held by The Block, experts discussed the upcoming “revival” of the stablecoin industry. With the implementation of the European Crypto Asset Market Regulatory Framework (MiCA) and the appointment of pro-crypto politicians in the United States, regional stablecoins will rise rapidly. Vishal Gupta, a former Circle executive, pointed out that the stablecoin market will diversify away from a dollar-dominated landscape, such as stablecoins supporting Brazilian reals and African CFA francs. Experts also mentioned that stablecoins have become an important tool for residents of many inflationary countries to store value, but they should not be limited to the US dollar. Friederike Ernst, co-founder of Gnosis, emphasized that the global economy should not be subject to U.S. monetary policy and called for the exploration of more innovative currency forms. Although stablecoins are seen as a tool to continue the hegemony of the US dollar, experts agree that the United States will not launch a central bank digital currency (CBDC).