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.
Is SpaceX Stock Overvalued? Analyst Predicts SPCX Dip Ahead to $63
The investors are closely watching updates on the much-awaited SpaceX IPO, which has ignited strong investor optimism. The early trading...
