Stablecoin trading continues to grow in importance
With the launch of World Liberty Financial officially announced, and a flurry of DeFi applications coming to market seeking to capitalize on this rising interest in crypto it would be easy to overlook the continue inroads being made by stablecoins into crypto leadership. Following the collapse of FTX and in the aftermath of the fraud committed therein, investors and policymakers alike were hesitant to be seen as working too closely with any centralized project, be it a token or exchange. As the ripple effects from that collapse and fraud retreat from the headlines, however, centralization continues to be a dominant force in the crypto landscape.
Spot ETF products for both bitcoin and ether have centralized control over these new trading (and revenue) lines amongst some of the largest TradFi institutions on Wall Street as well as with Coinbase, the only SEC registered crypto…
