Web3 Executives: The "end" of USD stablecoins may be a lack of code, with the front end only displaying USD.

PANews September 14 news, according to Cointelegraph, the CEO of RPC Node provider Helius, Mert Mumtaz, stated that as exchanges abstract different priced stablecoins on the backend and only provide users with the "dollar" option, stablecoins pegged to the dollar will ultimately lose their price code. Mumtaz stated that the bidding war for Hyperliquid's USD stablecoin (USDH), along with the commitment from multiple companies to return 100% of their profits to Hyperliquid, indicates that the stablecoin industry has become "commoditized." It is expected that many companies will issue their own stablecoins in the future, and many existing stablecoin issuers will also establish their own payment chains, which could lead to liquidity fragmentation. The best solution to address this liquidity issue is for exchanges to directly accept all stablecoins and convert them to the desired denomination on the backend without the user needing to see what is happening. "The end result is that you won't see the code at all. The application will only display 'USD' instead of USDC, USDT, or USDX, and all currency exchanges will take place on the backend through a standardized interface."