Also, Circle might be an attractive "starter stock for the cautious" when it goes public, according to one analyst.
Here are three reasons why the stablecoin's tremendous growth has screeched to a halt.
Stablecoin projects increasingly compete on transparency. Circle's two-month-old data on "approved investments" leaves something to be desired.
The Fitch report suggests that the turmoil also could have the potential to spread to traditional markets.
Eric Rosengren included the stablecoin among what he termed new disruptors to short-term credit markets.
CME's bitcoin futures goes into "backwardation" and BTC inflows to exchanges rise as China "FUD" continues.
“Tether is no longer a part of anything,” Jack Mallers said on the “What Bitcoin Did” podcast.
The market cap of gold-backed tokens has surged 30-fold since the start of 2020, according to one research firm.
Timothy Massad compared the hypothetical occurrence to the collapse in NAV of the Reserve Primary Fund in September 2008.
The company's recent move is more about policy than price. Plus: Did this week mark the start of a meaningful shift in the stablecoin market?
The new composition report is part of Tether’s efforts to stay in compliance with a settlement with the New York Attorney General.
Coinbase has said it is continuing to work on the backend while it resolves the issue.