The Weekly Peg: Delta-one strategies are go
Plus, Hyperliquid's Jeff Yan argues perps are superior instruments. Meanwhile, tokenized deposits dealing in stablecoins are coming to Japan.
Industry news:
— Jane Street’s crypto trading tripled last year, reports the Information.
Summary via Efinancial careers: Jane Street tripled its crypto trading volumes last year, purchasing $110bn worth of cryptocurrencies including stablecoins. The firm retreated from the market in the wake of the FTX crash (giving Sam Bankman-Fried his start didn’t exactly add to the firm’s optics), but now appears to be back in full force.
— Major banks are exploring issuing stablecoin pegged to G7 currencies, reports Reuters.
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