The stablecoin issuer has rallied as analysts point to growing demand for USDC, a higher interest-rate environment and the rapid expansion of tokenized assets.
The transaction is expected to deliver as much as $300 million in cash, which will be used to expand the company's institutional crypto lending, yield and custody offerings.
Nikolic challenges a recent CoinDesk op-ed, declaring "crypto's rock 'n' roll era is over," and argues that it’s the best shift for the industry’s builders.