Follow along as Valkyrie's Head of Portfolio Management, Bill Cannon, highlights a notable "byte" from the markets each week.
Digital payments involving crypto and stablecoins look to be part of U.S. retailer’s strategy over the next couple years, according to a recent survey by Deloitte.
Bill's Byte:
Digital payments involving crypto and stablecoins look to be part of U.S. retailer’s strategy over the next couple years, according to a recent survey by Deloitte. Retailers are looking to accommodate channels for these type of payments which are increasingly being used to transact. Circle’s fiat-backed stablecoin, USDC, committed this week to monthly reporting of reserve assets supporting their transparency as a leading product in the sector. Current breakdown of the $55.5 billion held in assets are all US treasury bills with an average duration of 44 days. These types of disclosures are necessary for investors, builders, and consumers looking for more security in digital transactions. Please discover some of these exciting trends on the Deloitte report, on top of the breakdown from Circle which may bring familiarity to the ordinary consumer looking to adopt!
