Fiat-backed stablecoins are no different. Financially speaking, sending someone 100 USDC is no different than sending them $100 via Venmo. In both cases, one user is handing over a claim against a balance sheet – Circle’s versus PayPal’s – to another. From the issuers point of view, each dollar held by its user is just a liability, to be matched against equivalent assets.
Constancy: Bitcoin Nonetheless in Acceleration Part, Dramatic Rally Incoming
Constancy Digital Asset Analysis Analyst Zack Wainwright states that bitcoin may nonetheless be in a euphoric, unstable interval, which he...
