How Stablecoins Are Reinventing Financial Hegemony – OpEd

When Circle, the world’s second-largest dollar stablecoin company, floated its shares at the start of June, the reaction was euphoric. By June 27, Circle’s stock had briefly touched $299 before settling near $183 – a staggering sixfold rise that left even some of its underwriters questioning the valuation. Although bullish...