🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Will Stablecoins Be the Trojan Horse for Crypto’s Mass Adoption?

Published 19/02/2024, 11:44
© Reuters.  Will Stablecoins Be the Trojan Horse for Crypto’s Mass Adoption?
BTC/USD
-
USDT/USD
-

Coin Edition -

  • Okung stated that he found the Trojan Horse allegations regarding Tether interesting.
  • McUnsignedInteger claimed that the real Trojan would be applications and exchanges.
  • McUnsignedInteger spoke positively about the AQUA wallet as a solution.

While the recovery process in the Bitcoin market continues, a post shared by former NFL player Russell Okung sparked debates in the cryptocurrency market. Speaking about allegations related to Tether, Okung brings up the analogy of “Trojan Horse” for stablecoins.

In a post shared on X, Okung emphasized that claims suggesting stablecoins serve as a Trojan horse for widespread adoption are intriguing. He continued, saying, ‘If we accept this premise, it’s worth considering whether Tether, as the most widely used stablecoin issuer in the cryptocurrency space, could be viewed as the most influential company in Bitcoin.’

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.