Dragonfly's Tom Schmidt sees synthetic dollars growing alongside tokenized assets
- —Schmidt spoke at Korea Blockchain Week 2026 in Seoul, held September 29 to October 1
- —His thesis: more tokenized ingredients mean more ways to build dollar-pegged products
- —Dragonfly invested in Ethena's synthetic dollar protocol USDe in 2023
- —No numerical forecasts or target dates were reported from the session
Why it matters: Growth in synthetic dollars will intensify competition with fiat-backed and local-currency stablecoins for the role of default on-chain settlement unit.
Source: Crypto Briefing