Arthur Hayes Warns Stablecoin IPOs Are a Bubble Waiting to Burst

The post Arthur Hayes Warns Stablecoin IPOs Are a Bubble Waiting to Burst appeared first on Coinpedia Fintech News

There’s a wave of excitement around stablecoin IPOs, but crypto veteran Arthur Hayes is ‘waving’ a red flag. The former BitMEX CEO believes this gold rush could end badly, especially for everyday investors. In a new blog post, Hayes called Circle’s IPO “grossly overvalued” and warned that the rush of stablecoin companies going public could …