According to Dailyhodl May 25, Charles Hoskinson, founder of Cardano and CEO of IOHK, said in an interview that the long-term chain of central bank monetary policy The reaction will lead to the outflow of funds from SMEs. As countries emerge from the shadow of recession or depression, cryptocurrencies will have the opportunity to challenge the existing financial system. Hoskinson believes that the replacement of fiat currencies by cryptocurrencies depends on their ability to create credit and effectively use modern financial service principles. Modern financial service principles can enable people who lack capital to borrow money to buy large assets such as houses and cars, but for cryptocurrencies, this will require them to get rid of the iconic feature: susceptibility to sharp price fluctuations. Hoskinson said that institutionalizing debt credit is a very difficult thing. It needs stable funds because lenders need to repay loans in a predictable way. Therefore, unless cryptocurrency can become another credit system of the current banking system, it will never replace fiat currency. “But we have made enough currency innovations, so I think that in the next 5 to 10 years, we will have a legal stablecoin that can achieve good stability in our ecosystem.