Odaily Planet Daily News Arthur Hayes said that U.S. policymakers may support the AI industry and government debt financing through additional currency issuance, driving up cryptocurrency prices; if China shifts from limited tightening to large-scale monetary stimulus, it may also boost demand for scarce assets. He is also looking at French financial stress, including credit default swaps linked to BNP Paribas and French government bond spreads.
Catrina Wang, general partner at Portal Ventures, said banks and asset managers have an advantage in the on-chain financial market by virtue of their existing customer relationships. Todd McDonald, co-founder of R3, pointed out that public chains can help institutions reach customers outside their own networks; Justin Kugel, executive vice president of growth at World Liberty Financial, said that user demand for asset management and investment evaluation still leaves room for intermediaries.
Chetan Karkhanis, senior vice president of client relations for digital assets at Franklin Templeton, said the company has no intention of issuing its own stablecoin and hopes that tokenized money market funds will provide investment income. Codex co-founder and CEO Haonan Li said that trade routes connecting Latin America, sub-Saharan Africa and Asia are driving demand for stablecoin payments; buyers pay for goods eastward, and manufactured goods flow westward.
FinHarbor co-founder and CEO Ilya Podoynitsyn said that before allocating crypto assets, companies need to confirm that they have long-term idle funds that will not affect daily operations. Michael Camarda, chief development officer of SharpLink, an Ethereum treasury company, said that both buying back shares and increasing ETH holdings can increase ETH holdings per share; the company uses both methods to meet the preferences of institutional and retail investors. (Cointelegraph)