“When a customer purchases a token on Coinbase’s platform, she is not just purchasing a token, which in and of itself is valueless; rather, she is buying into the token’s digital ecosystem, the growth of which is necessarily tied to value of the token,” she said. “This is evidenced by, among others, the facts that (i) initial coin offerings are engineered to have resale value in the secondary markets and (ii) crypto-asset issuers continue to publicize their plans to expand and support the token’s blockchain long after its initial offering.”
Stripe Tests New Stablecoin Project as $3.7T Market Looms
Stripe is preparing to test a new stablecoin payments product aimed at companies based outside the United States, the United...
