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The fight over stablecoin yield isn’t really about stablecoins

The ongoing debate over stablecoin yield is primarily a reflection of broader issues within the cryptocurrency market rather than just concerns about stablecoins themselves. Major players are vying for dominance in the yield-generating space, with traditional finance institutions and crypto-native firms competing to attract investors. The article highlights how the yield on stablecoins is influenced by factors such as interest rates and regulatory developments. Additionally, the competition for yield is reshaping the landscape of digital assets, raising questions about sustainability and risk management in the sector. Ultimately, the stablecoin yield discussion serves as a microcosm of the larger challenges facing the cryptocurrency ecosystem.

Read the full article: CoinDesk

BitGo Stock Plunges Below IPO Price on Second Day of Trading

BitGo's stock fell below its initial public offering (IPO) price on its second day of trading, reflecting a decline in investor confidence. The stock opened at $10.50 but dropped to $9.75, marking a significant decrease. Analysts attribute the decline to broader market volatility and skepticism surrounding

Can Stablecoins Break Free From the US Dollar?

The article discusses the potential for stablecoins to detach from their traditional peg to the US dollar, exploring alternative backing assets such as commodities and other currencies. It highlights the growing interest in decentralized finance (DeFi) and the desire for stablecoins that can offer more stability and less reliance on

Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business

Coinbase CEO Brian Armstrong stated that major banks now perceive cryptocurrency as an "existential" threat to their traditional business models. He highlighted that the rise of digital assets is prompting banks to reconsider their strategies and adapt to the changing financial landscape. Armstrong emphasized the growing acceptance of

Ethereum Foundation Forms Post-Quantum Team as Security Concerns Mount

The Ethereum Foundation has established a dedicated Post-Quantum Team to address growing security concerns related to quantum computing's potential threat to blockchain technology. This initiative aims to enhance Ethereum's resilience against future quantum attacks by researching and developing quantum-resistant cryptographic solutions. The team will collaborate with

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BitGo Stock Plunges Below IPO Price on Second Day of Trading

Can Stablecoins Break Free From the US Dollar?

Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business

Ethereum Foundation Forms Post-Quantum Team as Security Concerns Mount