He hedged his response, however, by drawing a line between his company, Offchain Labs, and the new Arbitrum Foundation: “I can’t speak to what the Foundation did, but leading up to creating this, that was the thought process at least,” Goldfeder said.
Stablecoins, BTC Miners Outperform as $18B Gets Wiped Out From Crypto in June: JPMorgan
However, it's not all doom and gloom for the digital assets sector. Stablecoins outperformed the rest of the crypto ecosystem...