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DWS CEO sees ‘gigantic market’ emerging for stablecoins

Asset Management Correspondent

Stefan Hoops predicts the market for stablecoins 'is going to get bigger'

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DWS chief executive Stefan Hoops predicts stablecoins could evolve to become a “gigantic market”, as the German asset manager seeks to capitalise on recent regulatory approval received by one of its joint ventures to launch the digital tokens.

Last month AllUnity,  a joint venture backed by DWS, Galaxy Digital and Flow Traders,  launched EURAU — the first Euro stablecoin to win approval from German financial regulator Bafin.

Stefan Hoops says market growth will come as more types of investor start to use stablecoins to complete payments

David Ricketts

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