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Stablecoins Show Great Promise, But Search for the ’Holy Grail’ Continues

Stablecoins Show Great Promise, But Search for the ’Holy Grail’ Continues

The implosion and ensuing bankruptcy of hedge fund Three Arrows Capital (3AC) in mid-2022 sent shockwaves through the crypto industry, causing severe price volatility and leaving industry prime brokers and institutional lenders with gaping holes in their balance sheets. Indeed, the recent...

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