Goldman Sachs, Citi and 19 other firms are funding a stablecoin initiative with $270 million. The project is intended to challenge the leading positions of Tether and Circle in the stablecoin market. Its implications for Circle’s stock are highlighted as the central issue for investors. The development could intensify competition for an established sector.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
