... surpass hundreds of billions, they will become a significant segment of international dollar liquidity. Central banks will not overlook this. By 2025–2026, we may see coordination between certain central banks and major stablecoin issuers, especially in crisis situations, to maintain stability (similar to past experiences with mega-money market funds). Such a scenario would have sounded fantastical several years ago, but the scale that stablecoins have reached makes this realistic. For investors, this ...

... difficulties - and there is little you can do about it except give advice. Market and external risks. Startups are very sensitive to changes in the external environment. The emergence of a new powerful competitor, changes in legislation, an economic crisis, technological shifts, or even a pandemic can suddenly change the company's prospects. What seemed like a promising direction may lose relevance in a couple of years. Venture investors live in conditions of uncertainty and must be prepared for ...