Quantum Computers Looming Threat to Bitcoin and Stablecoins by 2028

Experts are warning that quantum computers could pose a significant threat to Bitcoin and stablecoins by 2028. According to Christopher Smith, CEO and co-founder of Quantus Network, a sufficiently advanced quantum computer could derive private keys from public ones exposed on blockchain networks.

This capability would allow attackers to move funds without infiltrating wallets, devices, or exchange infrastructures, leaving no discernible traces of the breach.

Smith noted that the first indication of quantum-powered breaches may not be high-profile thefts, but a series of unexplained breaches targeting multiple crypto wallets at once.

The concern centers on administrative keys for multi-chain stablecoins such as Tether's USDT, which could enable malicious actors to rapidly mint new tokens and flood the market before issuers have time to react.