Stablecoin
Also at the intersects of stocks and crypto, MicroStrategy sees a decline in share price after a $6M USD Bitcoin purchase.
Announced on its one-year anniversary, the permissionless fiat stablecoin will soon “unpause and replant.”
Stating they are worse than bank accounts, paper cash and stablecoins.
The token is set to launch in early July and will initially be supported by the Ethereum blockchain.
Digital assets in the survey included cryptocurrencies, NFTs, metaverse products, and related exchange-traded funds.
The survey in partnership with PayPal also found 83% ready to do the same for Stablecoins.
Specifically in regards to tokens backed by USD.
The long-awaited strategy from Senators Cynthia Lummis and Kristen Gillbrand sees plans for CFTC involvement and clear guidelines on taxation.
Inciting outrage amongst the community.
It will also allow stablecoins to be used for the purchasing of stock.
