Bitwise: it's time to focus on stablecoins
In a post on the X platform, Bitwise says it's time to pay attention to stablecoins, and lists three reasons why: 1) the top five stablecoins collectively hold more U.S. Treasuries than some G20 countries, such as Germany; 2) Visa and other publicly traded companies are adopting stablecoins; and 3) Tether, the head stablecoin issuer, outperformed BlackRock last year in terms of profits.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Three major U.S. stock indices closed collectively lower
US stocks extend losses, Nasdaq down 1.66 per cent
BTC falls briefly to touch 65,251 USDT
Fed Beige Book: Inflation Continues to Slow, Prices Moderate in Most Regions