Economist Nouriel Roubini Reveals Investment Firm’s Plans to Launch Stablecoin

Nouriel Roubini, known for his anti-bitcoin stance, is making headlines after his investment firm, Atlas Capital, announced plans to launch a stablecoin called ACT, which is tied to a set of climate investment products.

Atlas Capital’s “Stablecoin” Token Launch

While many view Roubini’s foray into digital tokens as surprising and bemusing, others are skeptical of the association, as well as the way it’s being promoted.

Lack of Critical Information

Tokenovate CEO Richard Baker questioned the lack of information about ACT, stating that crucial aspects of the new digital asset are not clear. Although ACT lacks key details, the one-page explained reveals that the value of this digital token is pegged to Atlas Capital’s portfolio of “liquid real-world assets.”

The Goals of Atlas ACT Token

Atlas Capital’s Chief Economist and co-founder Nouriel Roubini outlined the goals of the ACT tokens, focusing on democratizing access to modern investment solutions and a “global transition to a net zero economy.”

Blockchain’s ‘Cesspool of Lunatics’ Narrative

Despite Roubini’s prevailing anti-bitcoin stance, his involvement in the release of new digital assets has sparked curiosity, especially after his outspoken criticism of cryptocurrency.

Tokenovate’s Net-Zero Solutions

Tokenovate’s approach to achieving a net-zero reality is described by Baker as more serious, with its plans focusing on addressing challenges and using the technology for the market’s needs on the BSV blockchain.

Final Thoughts

Nouriel Roubini’s latest venture into launching a stablecoin digital token is raising questions and curiosity, especially given his history of anti-bitcoin sentiment. The evolving landscape of the cryptocurrency market makes it difficult to predict the outcome of such ventures.

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By Team