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Circle, publisher USDCrecently publicly – and as if we had covered here,, They killed him.
The shares increased by almost 400% above the IPO price.
Of course, this kind of success has other jealous ones. AND Founder Bitmexa Arthur Hayes Thought We will soon see a pile of Stablecoin companies trying to copy Move Circle.
It’s kind of like my cousin Ricky when we were five. He saw how my dog was like the collar looked and immediately threw his torment, asking his mom to get him for his pet as well.
He owned a fish. Damn in line. He begged for fish collar.
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And just as Ricky’s idea hover (spirit)Hayes says most of these circles Copycats will not survive.
He expects investors to overcome, throw money on a glittering soundtap stable, and then lose money when these projects cannot deliver.
Hayes explains like this: Not enough to have a good stabblecoin – you need distribution. Stablecoin has to reach millions of users in order to be successful.
AND that Can be done in one of three ways:
👉 Through the main crypto exchange (such as Binanac or Coin,,
👉 through web2 giants (like Meta, X or Google),
👉 or through traditional banks.
Exhibition A: Sita succeeded because he had a distribution Bitfinex.
Exhibition B: Circle began to show only after he had achieved a job Coin – and even then, They have to give Coinbase half of their earnings to access their users.
Hayes says Each new startup Stablecoin will fight to match with it.
All large exchanges have have already chosen their partnersAnd no one is waiting for the newcomers to help.
As for banks and technological giants, they will only Build your own solution – The trend we talked about yesterday.
That’s why Hayes does not see a bright future for new stabiblecoin iPo. He believes that most of them will burn the investors’ money, under pressure or faded when the excitement dies.
But he also says Not short. During the speculative moment of mania, even the worst supplies can be vertically.
Basically, Hype could increase prices, but do not make a mistake for long -term value.
You are in knowledge now. But think about your friends – they probably have no idea. I wonder who could fix it … 😃🫵 Expand the word and be a hero you know you are! |