Tether co-founder: Currency tokenization is the “greatest innovation” after legal tender

Golden Finance reported that William Quigley, co-founder of Tether and decentralized exchange WAX, believes that the global economy is likely to transition to tokenized currency within the next 10 years. Tokenizing legal tender such as the US dollar is the greatest innovation since the invention of legal tender, and it will enable new mechanisms for global finance in the next few years. At the Financial Times Cryptocurrency and Digital Asset Summit on May 9, he praised tokenization technology in a fireside chat, saying that there are "trillions of dollars" in bank accounts in the United States that do not pay interest. According to the executive, people like these types of accounts because they value the concept of banking services.