BlockBeats News: On January 1st, David Duong, head of investment research at Coinbase, stated that ETFs, stablecoins, tokenization, and clearer regulations will create a cumulative effect by 2026, further accelerating the mainstream adoption of cryptocurrencies.
He pointed out that the 2025 spot ETFs opened a compliant entry point, enterprise crypto asset vaults are emerging, and stablecoins and tokenization are more deeply integrated into core financial processes. By 2026, the acceleration of ETF approvals, the expanded role of stablecoins in DvP (Delivery versus Payment), and the broader acceptance of tokenized collateral will reinforce each other.
In terms of regulation, the United States has clarified stablecoins and market structure through the GENIUS Act, while Europe is advancing the MiCA regulatory framework, providing clearer policy boundaries for institutional participation. Duong believes this marks an important phase in which cryptocurrency is moving from a niche market toward becoming a global financial infrastructure.
In addition, he emphasized that crypto demand is no longer dependent on a single narrative, but is instead driven jointly by macroeconomic factors, technology, and geopolitics, and the capital structure will also become more long-term oriented, reducing pure speculative behavior.