After Tether put reserve audits in the spotlight, Circle's stock price took a heavy blow, and competition and regulation tightened along the stablecoin line. For $ETH , this kind of news isn't necessarily an immediate price pump, but it will first repair expectations for on-chain funds and DeFi. Short-term sentiment usually reacts faster than price.
After Tether put reserve audits in the spotlight, Circle's stock price took a heavy blow, and competition and regulation tightened along the stablecoin line. For $ETH , this kind of news isn't necessarily an immediate price pump, but it will first repair expectations for on-chain funds and DeFi. Short-term sentiment usually reacts faster than price.