John Woo: Large holders of stablecoins are ready to enter the crypto market
The head of the Avalanche platform believes that despite the fall in the cryptocurrency market due to the correlation with stock assets, crypto investors expect “cosmic profits”. Avalanche (AVAX) CEO John Wu said in an interview that large investors continue to look at the cryptocurrency market. We are talking about institutional investors who own stablecoins. Wu added that the fundamentals of the crypto industry are solidifying despite the sharp decline in market capitalization last year.…
