America’s crypto embrace could boost its arsenal for a trade war
Are trade wars good for technology after all? Circle Internet Group, a major issuer of digital currencies designed to replicate the US dollar, has tripled in value since going public and is worth $23.6 billion (or 150 times last year’s earnings). Call it Zuckerberg’s revenge: Six years after Meta Platforms sparked a global backlash with its own plans for a digital dollar, the $250 billion stablecoin market is booming and has the backing of Donald Trump, Congress and investors.
Europeans are watching the froth with concern. Even as the Louvre Museum this week hosted a crypto conference full of buzz at the prospect of more traditional financial institutions like Goldman Sachs…
