Tech companies with big distributed gig worker bases will help expand stablecoins into a $4 trillion business. Along the way, they will help bring millions of investors into the crypto economy. That’s according to Matt Hougan, chief investment officer of crypto asset manager Bitwise, who pointed to a pair of pilot programs by DoorDash and Meta to pay gig workers and content creators in stablecoins. “On a relative basis, these are not a big deal,” Hougan said in a blog post. “Both are pilot projects and the dollar amounts are small. But they’ve answered a question I’ve had about stablecoins for a long time. They’ve also increased my confidence that…
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Bitwise Asset Management CIO Matt Hougan calls DeFi "the story of 2021" (Photo: Bitwise Asset Management)Bitwise launches DeFi Crypto Index Fund
Bitwise Asset Management’s new index fund includes nine decentralized finance cryptocurrencies, including Uniswap, Aave, and Maker
The new Bitwise DeFi Crypto Index Fund seeks to take advantage of the rapidly growing DeFi market, which is increasingly seen as a viable alternative to traditional finance, offering peer-to-peer financial services like loans and lending, decentralized exchanges, and derivatives, among others.