Bitwise sees a likely US stablecoin legislation as a key catalyst for the sector that’s worthing positioning for.
stablecoin, the leading stablecoin issuer by market cap, netted a record $4.5 billion in profits. How can others benefit from the subsector if they are not stablecoin issuers?
“You can’t expect appreciation from holding stablecoins directly—after all, they are designed to hold a stable value. But you can invest in the “picks and shovels.” “Second, stablecoins are big buyers of U.S. Treasuries. In fact, stablecoins are already the 16th largest “sovereign holder” of Treasuries in the world, and that’s before we see the impact of this mainstream push.”The executive didn’t divulge much about how to approach the dominant stablecoin chains and DeFi platforms.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Bitcoin, Ethereum, Solana prices crashed to trigger $950M liquidationsThe prices of Bitcoin, Ethereum, and Solana plummeted significantly. What does the future of the crypto-markets look like?
Read more »
SOL falls by 10%, but here’s how Solana is still beating Bitcoin, EthereumIn the NFT sector, Solana has established its dominance, surpassing Bitcoin and Ethereum in competitive prowess. What's next for Solana?
Read more »
Solana vs Ethereum again: ‘Small blocker argument’ returnsEthereum confronts the need for a substantial architectural update to navigate scalability obstacles as highlighted by David Hoffman.
Read more »
Solana NFTs beat Ethereum and Polygon: What’s going on?Solana surpassed both Polygon and Ethereum in terms of NFT transactions. How will Solana be impacted by this in the long run?
Read more »
Solana tops Bitcoin, Ethereum in NFTs, but should SOL prices worry you?Solana [SOL] witnessed a year-long summer in its NFT ecosystem as the blockchain outperformed its competitors like ETH and BTC
Read more »
Solana ‘beats’ Ethereum on the stablecoins front, leaving SOL’s price at…Stablecoin transfers on Solana surpassed those of all other networks, securing its position at the forefront...
Read more »