Crypto’s Trojan Horse: Stablecoins’ Stealthy Takeover of Finance

In a Bloomberg News article (published earlier today) by Olga Kharif and Yueqi Yang, the complexities surrounding stablecoins, particularly in the wake of Silicon Valley Bank’s collapse, are meticulously examined. The report highlights the precarious balance stablecoins maintain between the crypto universe and traditional financial systems, underscoring their potential to both stabilize and destabilize markets. […]