The Crypto Yield Hunger Games Ahead This Stablecoin Summer
Two people help themselves to slices from a pie decorated with a dollar sign, 1979. (Photo by … More
Stablecoins are having a moment. This spring, a flurry of stablecoin activity has taken global financial markets by storm and captured mainstream attention. Investors rushed into Circle’s 20-25x oversubscribed initial public offering on the New York Stock Exchange in May, immediately tripling the share price of the second largest stablecoin issuer. With a market capitalization of nearly $250 billion, stablecoins are on the verge of breaking out of the niche cryptocurrency markets and into the mainstream.
In the right interest rate environment, stablecoins are yield-generating machines….
