Arthur Hayes Warns: Trade New Stablecoin IPOs Like a ‘Hot Potato’

Arthur Hayes, co-founder of BitMEX, has issued a stark warning to investors regarding the impending wave of stablecoin Initial Public Offerings (IPOs). Following Circle’s successful public listing, Hayes cautions that many new stablecoin issuers entering the market will be significantly overvalued and are likely to fail, advising traders to approach these investments “like a hot …

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