US EditionJack Dorsey Says Block Will Support Stablecoins Despite Personal Opposition
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Jack Dorsey Says Block Will Support Stablecoins Despite Personal Opposition
Block CEO Jack Dorsey has confirmed the payments company will add stablecoin support, marking a pragmatic retreat from his long-held position that Bitcoin alone should serve as the internet's money protocol."I don't like that we're going to support stablecoins but our customers want to use them," Dorsey said in an interview with WIRED. "I don't think it's wise to go from one gatekeeper to another."The comment came during a wide-ranging conversat…
STABLECOINS | Bitcoin Purist Jack Dorsey’s Firm, Block, Capitulates and Reluctantly Embraces Stablecoins
Jack Dorsey, the founder and former CEO of Twitter (now X), and long one of Silicon Valley’s most outspoken Bitcoin maximalists, says his company Block will support stablecoins even though he personally remains skeptical of them. Speaking in an interview with WIRED, Dorsey acknowledged that the shift reflects user demand rather than a change in philosophy. For years, he has argued that Bitcoin should serve as the internet’s native monetary proto…
Twitter founder and Bitcoin maximumist Jack Dorsey is now betting on dollar stablecoins with Block Inc., which is behind the sudden opening. Source: BTC-ECHO BTC-ECHO
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