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Arthur Hayes Sounds Alarm on Emerging ‘Stablecoin Mania,' Warns of Potential Repeat of Terra Luna's $40,000,000,000 Collapse

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    Posted by Two Blokes Jun 18 - Filed in Crypto - 3 views
    BitMEX co-founder Arthur Hayes says Circle's successful initial public offering (IPO) may have ignited the next major bubble in the crypto market. In a new blog post, Hayes warns that Circle's stock market debut has marked the beginning of a “stablecoin mania” that he thinks will fleece investors who get caught up in the hype.