Crumbling Stability

Stablecoin optimism meets reality check: CRCL troubles highlight cracks in the global $38 trillion debt facade—‘crumbling stability’ in crypto and finance alike.

Close Up of Bitcoins

Image Source: Pexels
 

Bessent was giggling and prancing around about how stablecoins were going to totally address our $38 trillion dollar debt. Maybe he’s spent way too much time in his pink castle, because if Circle Internet (CRCL), a company specifically about stablecoins, is any guide, this idea just plain………..sucks.

Right, Scott?


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