Cathie Wood Says Stablecoins Took Bitcoin's Payments Role as ETF Buyers Support BTC

Cathie Wood said stablecoins have taken over the payments role that ARK once expected Bitcoin to fill, while DeFiLlama data showed stablecoin market cap at $320.6 billion on Apr. 27. The article argued Bitcoin is shifting toward institutional allocation and reserve-style demand, citing $1.2 billion of weekly crypto investment-product inflows and nine straight positive sessions for U.S. spot Bitcoin ETFs from Apr. 14 to Apr. 24.

BTC-1.18%
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