Inspired by Circle\u2019s stellar IPO, stablecoins will flood the market, Hayes says, with giants like Meta, X, and Airbnb jumping in, embedding their stablecoins directly into messaging, commerce, and payout systems. That\u2019s great for tech stockholders, but bad for upstart stablecoin issuers who will be crushed by Big Tech\u2019s scale. <\/p>\n
More importantly, stablecoin issuers are in a weak position because their success depends entirely on its distribution channels. If a company can\u2019t get its coin listed on crypto exchanges, integrated into social media platforms, or adopted by legacy banks, it won\u2019t survive.<\/p>\n
\n\u201c\u2026\u00a0the only question you must ask yourself when evaluating an investment in a stablecoin issuer is this: how will they distribute their product? If they have no distribution, they have no chance of success. And if you can\u2019t easily verify that said issuer has the access to push product through one or more of these channels, run away!\u201d<\/p>\n<\/blockquote>\n
<\/p>\n
Hayes believes that the stablecoin bubble will burst after a stablecoin issuer goes public and pulls in billions from unsuspecting investors by \u201cusing a combination of financial engineering, leverage, and amazing showmanship.\u201d <\/p>\n
\u201cA very bankable charismatic individual will get on stage and spew all sorts of nonsense, wave his (most likely a male) hands to and fro, and convince you why the leveraged piece of dogshit he is selling is about to corner the multi-trillion dollar stablecoin total addressable market (TAM),\u201d Hayer writes.<\/p>\n
However, Hayes warns investors not to short stablecoin stocks just yet, saying, \u201cThese new stocks will rip the faces off of shorts.\u201d Circle\u2019s shares will also \u201ccontinue levitating\u201d in the near term, although Hayes considers it \u201cinsanely overvalued.\u201d<\/p>\n
\u201cTrade this shit like a hot potato,\u201d he cautions, referring to both Circle and stablecoin stocks, in general.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Inspired by Circle\u2019s blockbuster IPO, stablecoins will flood the stock market, but industry veteran Arthur Hayes warns most have little chance of success. Here\u2019s why. In his recent essay \u201cAssume…<\/p>\n","protected":false},"author":1,"featured_media":3095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=3094"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3094\/revisions"}],"predecessor-version":[{"id":3096,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3094\/revisions\/3096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3095"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=3094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=3094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=3094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}