Arthur Hayes, co-founder of BitMEX, has made predictions regarding the future of stablecoins and their impact on decentralized finance (DeFi). In his latest blog post, he claims that the global supply of stablecoins could reach $10 trillion by 2028.
Hayes' Stablecoin Prediction
Hayes believes that if this prediction holds true, the decentralized exchange Hyperliquid could capture around 26.4% of this market. Such dominance could elevate its current daily trading volume from $11.9 billion to $2.63 trillion, generating around $25.8 billion in yearly fees.
Prospects for ENA, ETHFI, and HYPE Tokens
Hayes forecasts that three tokens - ENA, ETHFI, and HYPE - could see gains of 51x, 34x, and 126x respectively. He also highlighted Codex as the stablecoin project he is most excited about, calling it the first true crypto bank. However, he admits that only about 25% of his past predictions have been correct.
Codex as the Future of Crypto Banking
Codex is presented as a stablecoin initiative designed to function like a crypto-native bank. Unlike typical issuers, Codex plans to operate with transparent reserves while offering services similar to those of traditional banks. Hayes believes this model could bridge the gap between decentralized finance and traditional banking.
Arthur Hayes’ stablecoin prediction may play a pivotal role in the next growth cycle of DeFi. The focus on Hyperliquid, HYPE, and Codex underscores how rapidly the crypto market is evolving and how speculation continues to shape its future.
