The network’s co-founder says many blockchains pitching financial rails lack the activity to justify their valuations, and stablecoins still lack true product-market fit.
Canton’s Yuval Rooz says smart contract blockchains face a reckoning over value gap
The network's co-founder says many blockchains pitching financial rails lack the activity to justify their valuations, and stablecoins still lack true product-market fit.
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Prenetics purchased 187.42 BTC at an average price of $106,712 per Bitcoin via a Kraken custody account.
Businesses would pre-fund their Visa Direct account with stablecoins instead of fiat, which Visa would count as "money in the bank."
Metaplanet bought around 108.8 BTC at an average price of just under 9.2 million yen per coin.
The offer was rejected as too low, according to the story.