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MarketBeat
MarketBeat
Jeffrey Neal Johnson

Circle’s IBM Patent Deal Could Redraw the Stablecoin Infrastructure Race

Digital assets spent a decade championing open-source code and decentralized ideals. Developers originally built protocols to bypass traditional structures, relying on community consensus instead of legal ownership.

That ideological foundation worked well for early adopters, but integrating the global legacy financial system requires a drastically different approach. Wall Street institutions will not deploy billions of dollars into unpatented, legally ambiguous software environments. Traditional capital demands structural integrity, regulatory clarity, and a legally defensible perimeter.

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