Perhaps institutional investors looked at the crypto market, saw there was obvious potential for profit but concluded USDT was too risky.
Perhaps Goldman Sachs-backed USDC (U.S. Dollar Coin) is Goldman strengthening the market sufficiently to enter?
Stable coins are not very profitable at all, hence the reason why there are so few of them. Why else would Goldman Sachs-backed Circle's first play be spending tens of millions on a coin that has such low yields?
Preparing the market for an entrance? Perhaps this is the biggest signal yet?
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A Bullish Conspiracy Theory
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May 26, 2018
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