Distribution or death: Arthur Hayes says only exchange-backed or bank-linked stablecoins can thrive

Arthur Hayes said that stablecoin issuers who cannot immediately tap a large exchange, a Web2 platform, or a legacy bank will struggle to survive. In a June 16 blog post, the BitMEX co-founder reco...

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Distribution or death: Arthur Hayes says only exchange-backed or bank-linked stablecoins can thrive

Source: CryptoSlate

Arthur Hayes said that stablecoin issuers who cannot immediately tap a large exchange, a Web2 platform, or a legacy bank will struggle to survive. In a June 16 blog post, the BitMEX co-founder recounted how the banking shutdowns in the 2010s in Hong Kong and Mainland China drove traders toward Tether. Bitfinex and Tether allowed […]