Tesla’s automation will help with stablecoin adoption: Pompliano

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

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

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

Tesla’s advances = more stablecoin use cases

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

According to Pompliano, these machines represent more than advances in automation; They signal the need for a new type of currency that could facilitate seamless, low-cost transactions between machines.

Pompliano told Yahoo Finance that this need for stablecoins is similar to the launch of EZ Pass, where stablecoins could act as a “digital checking account” for autonomous systems.

“People or machines are not 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 will save it. “Instead, they will use digital stablecoins for transactions.”

Stablecoins are digital currencies pegged to stable assets, usually the US dollar or other fiat currencies, to avoid the volatility seen in cryptocurrencies such as Bitcoin (BTC). Their values ​​remain stable, making them suitable for daily transactions.

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

Pompliano also noted that banks are showing more interest in adopting stablecoins. He predicts that as automation accelerates, stablecoins will become the currency of choice for machine transactions.

He suggested that the rise of robotics and automation, like Tesla’s, combined with the use of stablecoins, represents a new trend that investors should keep a close eye on.

“My prediction is that there will be a huge increase in the use of stablecoins as a result of these technologies coming into production. Bitcoin will be used to save economic value, while stablecoins will be used to spend. “Digital rails with stablecoins enable cheaper and faster transactions.”

Anthony Pompliano