Originally Posted by sonatine
the whole 'stocks on chain' reveal today probably insures they trade at 125 by the end of july.
also ive been looking into market making a chain i mentioned in another post and was surprised to see that both they and robinhood are on arbitrum apparently? so its really possible that robinhood is trying to drink coinbase's milkshake here in the medium/long term and as of now i earnestly believe they can/will do it.
you are on another level with this stuff than me. i'm earnestly learning as much as i can about stable coins as they makes some sense to me and i can see (or with the aid of listening to others) how it could be the future. I see how the US guvment will be able to benefit, perhaps a lot from them, so they will have that tailwind. if i am correct, i want to get in on the ground floor for once. everything is already expensive using current number but i'm buying what i can that is touching it. what worries me is when amazon adopts one then will it just knock everything i have out of the water....
do you know anything about Galaxy? i listened to the CEO who i was previously unfamiliar with give an excellent interview on Schwab TV and was thoroughly impressed. I'm buying it or and researching them further with the hope/goal of buying much more.
i have overpaid for circle but not worried, yet. i presume someone will or already has made a stable coin which is backed by bitcoin rather than treasuries so adding to that and buying Ethereum now. Fiserv is early. Saw where Robinhood was in the market for the stuff too, kind of and also read what you did about today about their new idea - sounds like they are trying to stay ahead of the game.
any informed thoughts on these would be appreciated.
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