Ayro announces target goal of acquiring $100M in crypto assets

AYRO (AYRO) announced the launch of the first pureplay multi-token investment strategy targeting the acquisition of $100 million in crypto tokens that are directly capitalizing on the rapid growth of the stablecoin industry. Led by crypto thought leader James Altucher, who joins the Company as its Digital Treasury Asset Manager, the strategy represents the first pure play, multi-token investment vehicle designed to act as a proxy for the exponential growth of the stablecoin market. “With over $27 trillion in stablecoin transactions in the past year, surpassing both Mastercard and Visa combined, and projections by Standard Chartered suggesting tenfold growth over the next three years, we believe this is the most compelling growth opportunity today,” said Josh Silverman, AYRO Executive Chairman. “By leveraging our balance sheet to acquire crypto tokens that are expected to appreciate with the stablecoin ecosystem, we are creating the first pure proxy in the overall growth of the stablecoin industry.”