Wells Fargo is a U.S. based financial giant, who is coming up with a U.S. dollar linked stablecoin running on the “Distributed Ledger Technology (DLT)”. Quite interestingly, Warren Buffet is one of the investors of Wells Fargo. Warren had once described Bitcoin as a “rat poison”. While he described Blockchain Technology or in this case the DLT as “important”.
Meanwhile, AnthonyPompliano, who is the partner and co-founder at Morgan Creek Digital commented that, “Warren Buffett owns almost 10% of Wells Fargo. Wells Fargo is creating a dollar-backed digital currency. So now Warren Buffett basically loves Bitcoin, right?”.