Analyst: Bitcoin-based stablecoins may match the speed and cost of other stablecoins within the year.

According to BlockBeats news on January 23rd, as reported by Cointelegraph, CoinShares stated that a Bitcoin-based stablecoin may emerge by 2024, which could even "compete with other stablecoins in the industry in terms of speed and cost, while also inheriting the basic stability of Bitcoin infrastructure" . CoinShares explained in its latest outlook report released on January 22nd, "We expect 2024 to be a critical year for Bitcoin in the stablecoin field." Christopher Bendiksen, Bitcoin research director at CoinShares, and analyst Matthew Kimmel predict that "a Bitcoin project focused on competing in the modern stablecoin field will become easily accessible this year, and at least theoretically feasible development projects will eventually become available tools."