BlackRock Spotlights Stablecoin Risks in Bitcoin ETF Filing
BlackRock, a leading global asset manager, has called attention to the risks posed by stablecoins such as USDC and USDT in its application for a Bitcoin ETF. Although not directly allocating funds to stablecoins, the firm acknowledges the potential risks they present to Bitcoin and the crypto market as a whole. While outlining any and all risks in disclosures is simply standard practice in any filing, these statements still raised eyebrows as BlackRock provides financial products to Circle, the company behind USDC.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BlackRock Spotlights Stablecoin Risks in Bitcoin ETF Filing
BlackRock, a leading global asset manager, has called attention to the risks posed by stablecoins such as USDC and USDT in its application for a Bitcoin ETF. Although not directly allocating funds to stablecoins, the firm acknowledges the potential risks they present to Bitcoin and the crypto market as a whole. While outlining any and all risks in disclosures is simply standard practice in any filing, these statements still raised eyebrows as BlackRock provides financial products to Circle, the company behind USDC.