BlackRock Eyes 10% Stake in Circle’s IPO—ARK Also in the Mix
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Wall Street’s quiet giants are circling stablecoin territory. BlackRock—yes, the $10 trillion gorilla—is reportedly considering a 10% stake in Circle’s upcoming IPO. ARK Invest, never one to miss a crypto rodeo, might join the party too.
Why the sudden love for a stablecoin issuer? Maybe it’s the allure of regulatory arbitrage—or just FOMO dressed in a suit. Either way, when traditional finance starts nibbling at crypto’s edges, you know the game’s changing.
Bonus jab: Nothing says ’mainstream adoption’ like hedge funds turning stablecoins into another asset class to overcomplicate and underdeliver on.
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