Why A Drop In Stablecoin Market Cap Is A Bad Sign For Crypto, According To Morgan Stanley

Why A Drop In Stablecoin Market Cap Is A Bad Sign For Crypto, According To Morgan Stanley


Bitcoinist
2023-02-15 14:40:45

According to researchers at the U.S. investment firm Morgan Stanley, stablecoin instruments may be able to compete with conventional banking systems, and its dropping market capitalization signals a decrease in cryptocurrency liquidity and leverage. The bank has issued a warning to cryptocurrency investors, stating that decreased issuance of these asset types will likely have a