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SBI Holdings Doubles Down on Crypto: Drops $50M on Circle Stock Despite Regulatory Whiplash
SBI Holdings Doubles Down on Crypto: Drops $50M on Circle Stock Despite Regulatory Whiplash
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Ripple's longtime ally SBI Holdings just placed a $50 million bet on Circle—because nothing says 'confidence' like throwing cash at stablecoin issuers while regulators play whack-a-mole with the industry.
The move screams strategic hedging: partner with Ripple for cross-border payments, then cozy up to the USDC giant for that sweet, sweet fiat adjacency. Because when the SEC starts barking, it's good to have a foot in both the rebel and compliant camps.
Bonus jab: Because nothing spices up a traditional finance portfolio like allocating to the company that turned 'trust us, it's backed 1:1' into a $30B+ market cap. Circle's revenue math—printing digital dollars while actual banks pay depositors—remains Wall Street's favorite magic trick.
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