Anchorage is stepping back from Robinhood and Kraken-backed stablecoin group
Anchorage Digital co-founder and CEO Nathan McCauley said there will be ‘increased neutrality’ from his firm on stablecoins.
The announcement may lead to increased uncertainty around stablecoins, potentially causing a bearish sentiment in the crypto market. Prices of stablecoins may experience downward pressure as investors reassess their positions.
Anchorage Digital co-founder and CEO Nathan McCauley said there will be ‘increased neutrality’ from his firm on stablecoins.
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