The Forward Guidance newsletter highlights a recent conference focused on the institutional adoption of digital assets, particularly stablecoins. Austin Campbell emphasized that stablecoins are gaining traction, with a shift in how institutions perceive their potential compared to traditional investments. He noted a decrease in foreign governments holding US treasuries while growth in tokenization and digital assets continues. Another key moment was a conversation with Mohamed El-Erian, who discussed the unique current market dynamics, including a preference for European equities over US ones, and how fundaments, technicals, and valuations are undergoing significant changes. The discussions reinforced the potential of digital assets as institutions adapt to a rapidly evolving market landscape.

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