Jefferies Wouldn’t Buy the Dip as USD Open Heats Up Stablecoin Race
“Large groups of large companies coordinate poorly, have misaligned incentives, slow things down, and rarely create the space needed for true sustainable innovation,” he writes. Testing the consortium model This skepticism is shared by Lorenzo Valente, director of digital assets research at ARK Invest, who noted that crypto has seen several consortium-backed stablecoin initiatives over […]
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