Institutions Boost Crypto Buys, Stablecoins Gain Traction
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Institutional investors are increasing their crypto purchases, with 73% planning to buy more this year, according to a Coinbase and EY-Parthenon survey. Bitcoin and Ether lead the way, followed by stablecoins and tokenized assets. Stablecoins are gaining traction globally, with Japans SBI VC Trade launching a retail lending product for USDC. Seventy-four percent of investors expect crypto prices to rise in the next year, indicating confidence. Abra is going public via a SPAC merger, and tokenization firm Theo launched a $100 million vault tied to a gold-backed stablecoin. These developments show a maturing crypto market through regulated channels and real-world connections, paving the way for broader adoption.
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