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Tesla’s automation will help with stablecoin adoption: Pompliano

Anthony Pompliano, founder of Professional Capital Management, believes Tesla’s push into automation could be the catalyst for widespread stablecoin adoption.

In a recent post, Pompliano highlighted Tesla’s new autonomous vehicles and humanoid robots, introduced at the company’s Robotaxi Day event, as a potential turning point for digital currencies. 

He argued that these innovations could lead to a new era in which stablecoins become the primary transaction medium in a machine-driven economy.

Tesla’s advancements = more stablecoin use cases

Tesla, led by CEO Elon Musk, unveiled a range of products at the event, including a driverless Cybercab, a larger Robovan, and its Optimus humanoid robots. 

According to Pompliano, these machines represent more than just advancements in automation — they signal the need for a new type of currency that can facilitate seamless, low-cost transactions between machines.

Pompliano told Yahoo Finance that this stablecoin need is similar to the introduction of E-Z Pass, where stablecoins could act as the “digital checking account” for autonomous systems. 

“People or machines aren’t going to want to spend their Bitcoin,” Pompliano said in an interview with Yahoo Finance. “If Bitcoin is going to be more valuable in the future, they’re going to save it. Instead, they’ll use digital stablecoins for transactions.”

Stablecoins are digital currencies pegged to stable assets, often the U.S. dollar or other fiat currencies, to avoid the volatility seen in cryptocurrencies like Bitcoin (BTC). Their value remains stable, making them suitable for day-to-day transactions. 

In recent years, stablecoins such as Tether (USDT) and USD Coin (USDC) have gained prominence as a way to send money quickly and securely across borders, often with lower fees than traditional banking systems.

Pompliano also pointed out that banks are paying closer attention to stablecoin adoption. As automation accelerates, he predicts stablecoins will become the preferred currency for machine transactions. 

He suggested that the rise of robotics and automation, like that of Tesla, combined with the use of stablecoins, represents a new trend that investors should watch closely.

“My guess is there will be a large uptick in usage for stablecoins as a result of these technologies coming into production. Bitcoin will be for saving economic value and stablecoins will be for spending. The digital rails that stablecoins exist on allow for cheaper and faster transactions.”

Anthony Pompliano

This article first appeared at crypto.news

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Written by Outside Source

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