BlackRock, one of the favorites in the bitcoin ETF race, said that stablecoins such as USDT and USDC pose a threat to the world’s first cryptocurrency.
BlackRock experts made this statement in a document they sent to U.S. regulators
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BlackRock: Stablecoins pose a threat to bitcoin
By
Henrik Lindqvist — Staff Reporter
About the author · Staff Reporter
Henrik Lindqvist
Henrik Lindqvist is our DeFi and on-chain reporter, splitting his time between Stockholm and London. A former software engineer at Klarna, he switched to journalism in 2021 and has since broken stories on MEV exploits, restaking risks and Layer-2 economics. Henrik writes the BTCNews weekly Layer-2 newsletter and has lectured on blockchain architecture at KTH Royal Institute of Technology.