Analysts fear NEXO price could come under pressure if regulatory action in the United States begins to intensify.
At Converge22, the Shark Tank host said stablecoins are set to lead to a reduction in friction and fees worldwide.
BTC price caught a bid, leading to a similar-sized boost in select altcoins, but on a macro level, $20,000 remains a strong overhead resistance.
According to the Los Angeles management firm, "better bids were on the table" for depositors and the community.
Beyond the Octagon, Guido Cannetti fights Argentina's 78% inflation rate with USDC stablecoin.
ETHPoW's hash rate and total value locked have risen significantly during its latest bull run.
The news comes a couple of weeks after research firm Delphi Labs announced it would shift the focus of its research and development efforts toward the Cosmos ecosystem.
Bitcoin and altcoins appear to be ignoring the headline of the U.S. dollar index soaring to a 20-year high as the British pound plummets to a record-low against DXY.