FTX Payment: Stablecoins Boost Market Activity Outlook, Analyst Says

Coinbase analysts believe the recent FTX repayment plan using stablecoins could fuel market activity. Unlike the previous payout mix of crypto and cash, this phase delivers immediate flexibility to claimants. Disbursements are being handled by Kraken and BitGo for a three-day window, reaching both retail and institutional creditors. 72% is expected for Dotcom and international customers, while unsecured creditors and digital asset lenders get 61%. U.S.-based customers receive 54%. Smaller claims under $50,000 will be reimbursed at 120% of the approved amount. 20% of FTX’s total customer payout is set to be disbursed in this manner.