Arthur Hayes warned: "Be careful of these companies and the madness"

Arthur Hayes, one of the most followed names in the crypto world due to his investment advice over the last 2 years, his meme coin transactions, and his speeches, mentioned the interest in stablecoins.

"The stablecoin craze is starting"

In the popular blog post, Hayes mentioned stable coins and stated that Circle's public offering gave significant signs, saying the following:

"Circle's IPO didn't end the craze, it just kicks it off. The bubble will burst when a stablecoin company comes out and raises tens of billions of dollars from investors by tricking them with impressive presentations, financial games, and engineering. Companies like Circle will usher in a new wave."

"Traders should buy and sell immediately"

Hayes stated that such companies should not be thought of in the long term, saying, "Like a hot potato, it needs to be consumed quickly. I also do not recommend opening short positions. Interest in crypto is increasing. Prices may rise."

Hayes stated that new stable coins will struggle to reach the masses, saying, "Web2 companies, crypto exchanges, and banks should be the most utilized tools in this regard. Companies that cannot use these will not be able to reach the masses with their coin."

"Tether has been successful in Asia and China"

Hayes, who also mentioned Tether's success in Asia, the company behind the largest stablecoin USDT, said the following:

"While there were banking barriers in China, thanks to Tether, people were able to easily access the dollar. Confidence in Tether is very high among Chinese crypto investors. Over time, this trust has also spread to ülkeler( regions, )gelişmekte Southeast Asia. The use of USDT in altcoin transactions in this region has increased a lot. During the ICO boom in 2017, Tether became critical for altcoin trading. That's where Tether's strength began."

Circle reached its peak

As a reminder, Circle, the company behind USDC, went public in the US last week. The company also reached an ATH yesterday and hit a peak level. The company's market value is currently over 33 billion dollars.

Tether CEO Paolo Ardoino stated that they do not have any thoughts of going public in the U.S.

Published: June 17, 2025 12:35Last Update: June 17, 2025 12:40