Stablecoins: An alternative cash equivalent or funny money?

Are some U.S. public company balance sheets overvalued by the use of digital assets, including stablecoins?

Are some U.S. public company balance sheets overvalued by the use of digital assets, including stablecoins?

One important question to ask is how is the value of these digital assets determined, including for dollar-pegged stablecoins. Strange but true, one of the companies assigning value to stablecoins is a Chinese firm under U.S. government scrutiny. E…