Uphold CEO Raises Concerns Over Daily Creation of Thousands of Meme Coins

IconCryptoNewsTerminal Staff04 Sep, 2024

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Uphold CEO Raises Concerns Over Daily Creation of Thousands of Meme Coins

In a recent interview with The Block, Uphold CEO Simon McLoughlin shared his optimism about the future of cryptocurrency while expressing concerns about the proliferation of meme coins. He highlighted that the creation of approximately 7,000 meme coins daily is a cause for concern, particularly those generated by AI. McLoughlin emphasized that Uphold maintains strict standards for listing meme coins to ensure the quality of the assets it offers to its customers.