Arthur Hayes Warns of Incoming “Stablecoin Mania” Bubble Following Circle IPO Surge
Crypto industry heavyweight and BitMEX co-founder Arthur Hayes has sounded the alarm over what he describes as an impending “stablecoin mania,” warning that a wave of new stablecoin companies attempting to emulate Circle’s IPO success are likely to be overvalued and doomed to fail. In a sharply worded blog post ...