BlackRock spotlights stablecoin risks in Bitcoin ETF filing
In a recent filing for a spot Bitcoin ETF, BlackRock, the world’s largest asset manager, has highlighted the indirect risks posed by stable coins, emphasizing the nuanced complexities of the crypto market. BlackRock, the world’s largest asset manager, has made headlines with its application for a spot Bitcoin Exchange-Traded Fund (ETF). The application, keenly awaited by the digital asset sector, includes a notable mention of stablecoins as a risk factor, an aspect that has drawn considerable attention. JUST IN: BlackRock says USDT & USDC stable coins pose risks to #Bitcoin. — Watcher.Guru (@WatcherGuru) November 14, 2023 You might also like: BlackRock prepares to file spot Ether ETF Stablecoins, digital currencies like Tether USD (USDT) and Circle USD (USDC), are designed to maintain a stable value as they are pegged to traditional currencies. In its filing, BlackRock highlights that while the ETF does not directly invest in stablecoins, there ex...