Circle and OKX Inks Partnership to Deepen USDC Stablecoin Liquidity

Stablecoin issuer Circle and OKX have entered into a new partnership aimed at strengthening USDC stablecoin liquidity. The move will enable users on OKX’s platform to convert US dollars to USDC and vice versa at a 1:1 rate. This change is expected to make it easier for millions of users to move money in and…

Arthur Hayes: Stablecoin IPOs Are Exploding “Hot Potatoes”

BitMEX co-founder Arthur Hayes has warned that several overhyped stablecoin companies would follow the recent public listing of Circle (CRCL). On June 16, Hayes declared that Circle’s IPO marks the beginning of a “stablecoin mania” cycle, one that will ultimately see most new entrants fail. The expert predicted that a bubble will form and burst…