BlackRock Inc. Highlights Stablecoin Risks in US Bitcoin ETF Filing

15/11/2023

The publicly filed documents submitted by BlackRock, a renowned asset management company, reveal the complexities and challenges present in the evolving cryptocurrency landscape. The documents highlight the indirect risks posed by stablecoins, specifically mentioning Tether USD (USDT) and Circle USD (USDC).

While BlackRock does not invest in these stablecoins, it acknowledges their significant impact on the Bitcoin and other digital asset markets. The documents emphasize the challenges stablecoins face in maintaining a stable market value, highlighting their volatility, which could affect the price of Bitcoin.

Resource: https://coingape.com/blackrock-inc-spotlights-stablecoin-risks-in-us-bitcoin-etf-filing/