Paolo Ardoino: Stablecoins are core financial infrastructure, Tether’s USAT enhances liquidity for US users, and the inevitability of stablecoin adoption

Tether’s new stablecoin aims to transform liquidity and bridge the gap between crypto and traditional finance. Key Takeaways Stablecoins are transitioning from niche crypto experiments to core financial infrastructure. Tether is launching USAT, a new stablecoin aimed at enhancing liquidity for US users. The future of finance may see tokenized deposits and transactions moving through…

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TradFi Deleveraging Triggered Feb 5 Crypto Crash

Bitwise advisor Jeff Park attributed the February 5 crypto selloff to multi-asset portfolio deleveraging rather than crypto-specific factors. Summary February 5 selling was driven by multi-asset fund deleveraging, not crypto-native fear. CME basis trades unwound violently as pod shops de-grossed across portfolios. Short gamma and structured product hedging amplified downside despite ETF inflows. IBIT recorded…

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