Tokens such as BUIDL are at a regulatory disadvantage to stablecoins due to their classification as securities, the report said.
One of the major breakout successes this year for the team behind layer-2 blockchain Polygon is Polymarket. But according to data, Polymarket has only brought in about $27,000 of transaction fees for Polygon PoS in 2024.
A longtime regular on the crypto scene, Sovryn and BitcoinOS founder Edan Yago learned the importance of financial sovereignty at an early age.
Bitcoin appeared poised to make another run at $70,000, but a WSJ story of a criminal probe into the stablecoin issuer sent prices tumbling.
Tokenization of conventional financial products is a booming sector within the digital asset industry, with BlackRock, HSBC and now Lazard among the global firms entering the space.
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