VanEck Ventures, a new $30 million early-stage fund centered around crypto and AI, has been officially announced. The fund plans to make up to 35 investments, focusing on early-stage projects but remaining open to participating in Series A funding rounds if the right project arises. VanEck Ventures is particularly interested in stablecoins and believes they could see regulatory clarity in the next two years. The fund's general partner, Wyatt Lonergan, also mentioned that stablecoins could be adopted by fintech companies without an obvious connection to crypto. However, the correlation between stablecoin supplies and token prices is not always clear, as token prices often rise before an increase in stablecoin supplies. When it comes to the dominance of Tether, opinions differ, with some suggesting that alternative stablecoins could become default assets for certain DeFi applications and wallets, while others believe Tether will maintain its dominance.
- Content Editor ( blockworks.co )
- 2024-10-15
Are stablecoins a leading indicator for major rallies?