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@forbes
The hype around #stablecoins has hit a deafening volume, but anyone expecting a crypto-fueled revolution in how Americans pay for everyday goods is going to be disappointed. New York-based #stablecoin issuer #Circle, which went public last month, has a market value of $40 billion, or nearly 500% higher than what the company thought it was worth a month ago. Stablecoin-focused press releases are flooding in, with $95 billion payments giant #Fiserv saying it will release its own dollar-backed token, and #Stripe announcing a partnership where consumers can pay Shopify merchants with stablecoins. Amazon and Walmart have reportedly considered launching their own digital-dollar token, news that caused Visa’s stock to drop 5%. Stablecoins are even being touted by analysts as one potential solution to the United States government’s debt addiction, given that they are largely backed by Treasury Bills and drive up demand. From all this noise, it would seem like stablecoins are on the brink o...

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