Delphi Digital(@Delphi_Digital):Ethena founder Guy Young explains why stablecoin growth still moves with crypto speculation. “If you just chart Bitcoin price versus stablecoin growth, it’s actually pretty correlated. Like when Bitcoin went down in 2022, people in Argentina weren’t waking up and thinking that this wasn’t a useful piece of technology to them anymore. And the supply shrank.”

2026.10.09 12:06

Ethena founder Guy Young explains why stablecoin growth still moves with crypto speculation. “If you just chart Bitcoin price versus stablecoin growth, it’s actually pretty correlated. Like when Bitcoin went down in 2022, people in Argentina weren’t waking up and thinking that this wasn’t a useful piece of technology to them anymore. And the supply shrank.”