.MorganStanley says stablecoins play a vital role in crypto trading and their products potentially compete with the fiat banking system. By willcanny99
is a type of cryptocurrency whose value is pegged to another asset, such as the U.S. dollar or gold.
In the crypto bull market of 2021, bitcoin’s price led the growth in stablecoin market capitalization, while during the bear market of 2022 the opposite occurred, the note said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bitcoin, Ether Falling as Paxos To Stop Minting Stablecoin BUSDBitcoin slipped below $22,000 as stablecoin issuer Paxos announced the company would stop minting new Binance USD (BUSD) tokens following the threat of legal action from the U.S. Securities and Exchange Commission (SEC). Ryan Grace, tastycrypto Head of Digital Assets, discusses how this will impact the market sentiment.
Consulte Mais informação »
Morgan Stanley downgrades XPO, says logistics company is a 'show me story' after latest quarterMorgan Stanley is the latest firm downgrading the stock after earnings, following Wells Fargo and Jefferies.
Consulte Mais informação »
Morgan Stanley strategist Mike Wilson is still bearish, but has some cheap stocks he touts anywayThe chief U.S. equity strategist screened for stocks he said have been 'unfairly punished' by the market.
Consulte Mais informação »
Microsoft has a long path of earnings growth ahead, says Morgan StanleyAccelerating earnings growth has "catalyzed" strong stock performance for Microsoft in the past and can do so again, says an analyst.
Consulte Mais informação »
Morgan Stanley is bullish on this Chinese tech giant — giving it upside of nearly 20%Morgan Stanley is doubling down on a Chinese tech giant, and its bullishness comes hot on the heels on a similar call by Goldman Sachs.
Consulte Mais informação »
Former SEC Official Reacts to PayPal’s Decision to Ditch Its StablecoinAn ex-SEC official says it was “blatantly obvious” for PayPal to ditch its stablecoin
Consulte Mais informação »