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Cathie Wood: Stablecoins absence in Cloudflare call signals convergence needs

Cathie Wood: Stablecoins absence in Cloudflare call signals convergence needs
Stablecoins absent from Cloudflare call

Cathie Wood, fund manager at ARK Invest, pointed out the lack of discussion on stablecoins during a recent Cloudflare call. She emphasized that stablecoins act as a monetization enabler in the evolving technology landscape. Wood also called for greater collaboration among research teams traditionally siloed by sector, such as software, cybersecurity, and financial services, as technological convergence speeds up.

Wood has previously commented on market developments across sectors. She recently noted SpaceX stock had fallen below its IPO price despite a Starship milestone. In another sector, Wood remarked on the acquisition of ATAI by Lilly for $3.8 billion.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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