The CONNECT event in Seoul brought together traditional finance and crypto experts to discuss the shift of Wall Street onchain. Arthur Hayes highlighted a potential shift in China from austerity lite to substantial monetary stimulus and warned of a slow-motion financial train wreck, while also mentioning an AI credit bubble that could drive Bitcoin past $1 million. Franklin Templeton announced a partnership with MoonPay allowing eligible institutional investors to swap stablecoins for tokenized money market funds through onchain transactions, with demand for stablecoin payments growing along trade routes connecting Latin America, sub-Saharan Africa and Asia. Companies considering crypto treasury strategies need long-term liquidity and should avoid copying other firms’ strategies without accounting for differences in balance sheets and risk tolerance.
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