MUFG analyst says stablecoins better suited as currency than BTC

Lee Hardman, an analyst at Mitsubishi UFJ Financial Group (MUFG), one of Japan's three largest banks, has said that stablecoins are more suitable as a form of currency than Bitcoin. According to The Crypto Basic, he explained in a report that stablecoins, which function as digital cash, have recently been gaining attention. Hardman added that stablecoins better fulfill the requirements of a currency due to their price stability and ability to facilitate fast, low-cost payments.