Kevin O'Leary Defines Stablecoins as the Safest Crypto Assets

Kevin O'Leary evaluated stablecoins as the safest area among crypto assets. He noted that Bitcoin carries higher volatility and stands as a separate category as a speculative asset. O'Leary expressed that the GENIUS Act introduced in the U.S. subjects these assets to clearer regulations. This law will come into effect in 2025 and will require issuers to maintain reserves consisting of suitable liquid assets. However, it was emphasized that stablecoins are not completely risk-free, and the perception of security depends on the nature of the reserves and the structure of the issuer. It was pointed out that Bitcoin carries more risk and has sharper price movements. O'Leary stated that institutional adoption has not yet gained momentum due to regulatory uncertainties. For Ethereum and other tokens, he expressed that focusing on technological use cases will be decisive for real use and institutional adoption in the future. O'Leary's assessment reveals that a uniform risk assessment in the crypto market is inadequate.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.