Stablecoins & Digital Money
CBDCs May Be Changing How Companies Invest in Innovation
Central bank digital currencies are usually discussed as a payments story. The standard questions involve settlement speed, privacy, monetary policy, banking competition, and whether governments actually need a digital form of sovereign money. A new study published in the International…
How Stablecoins Hold Their Peg—and Why They Fail
A first-principles guide to Stablecoin Peg Mechanics, including its operating chain, economics, authoritative records, failure modes, and the evidence investors or operators should verify.
Stablecoins vs. Tokenized Deposits vs. CBDCs
A balance-sheet comparison of stablecoins, tokenized commercial-bank deposits, and central bank digital currency, including issuer risk, settlement, programmability, and monetary architecture.
Global Liquidity Alone Cannot Sustain a Crypto Rally
Cryptocurrency investors often reduce monetary policy to a straightforward rule: when central banks make money more plentiful, prices rise. That explanation has intuitive appeal. Lower funding costs encourage risk-taking, investors search for higher returns, and additional capital moves into assets…
Stablecoin Anatomy: Reserves, Custody, and Redemption
A balance-sheet and market-structure guide to fiat-backed stablecoins, including reserve assets, issuer liabilities, custody, minting, redemption, market makers, and depegging risk.
Could Federal Reserve Access Make Stablecoins Safer?
Stablecoins are an attempt to bring many of the advantages of blockchain technology to currencies, including transparency and settlement efficiency, while minimizing the extreme volatility that has traditionally characterized cryptocurrencies. So far, their main applications have been as a bridge…
Jonathan Schramm
Stablecoins Target Friction in Global Travel Payments
Stablecoins are an attempt to bring many of the advantages of blockchain technology to currencies, including transparency and settlement efficiency, while minimizing the extreme volatility that has traditionally characterized cryptocurrencies. So far, their main applications have been as a bridge…
Jonathan Schramm
The Hidden Risks of Programmable Central Bank Money
CBDCs Could Turn Money Into Programmable Infrastructure Money has been becoming increasingly digital for decades. Salaries arrive through direct deposit, bills are paid online, and consumers routinely make purchases without touching physical cash. Central bank digital currencies, or CBDCs, may…
Stablecoin Yield Bans: How New Rules Impact Bank Lending
The fundamental mechanics of the United States financial system are entering a period of significant recalibration. For generations, the credit multiplier—the way banks turn $1 of deposits into multiple dollars of loans—has relied on commercial bank deposits to grease the…
A $180B Question: Can Tether’s (USD₮) Audit End the Doubt?
The El Salvador-based Tether has engaged KPMG to conduct its first full financial statement audit and has hired PwC to help prepare its internal systems for the same, according to a report by the Financial Times this week, citing sources…
Why Mastercard Is Betting Big on Stablecoin Payments
Transferring money from point A to point B has been the foundation of banking, from the early activity of the Templar Knights and Florentine traders to modern banks transferring money electronically. The most important parts of this service have stayed…
Jonathan Schramm
Why Stablecoins Keep Failing: Risks Every User Should Know
The sudden pivot by regulators towards a pro-stablecoin position has caught many off guard. These unique digital assets have become crucial in driving the adoption of digital assets amongst new users. However, their technology, although promising, doesn’t always deliver. Here’s…
Canada Unveils Budget 2025 to Empower Youth and Drive AI Progress
Canada’s Prime Minister Mark Carney has introduced his government’s first federal budget, outlining his plans to deliver on his promise to boost the country’s economy and make it the strongest in the G7. It involves an ambitious plan of charting…
TradFi vs. DeFi: Inside the GENIUS Act Battle
Traditional finance (TradFi) continues to debate with blockchain advocates on how to best implement the GENIUS Act. This game-changing legislation surrounding stablecoin issuance was designed to help provide regulatory clarity, improve consumer protections, and drive innovation in the digital asset…
The Rise of Stablecoins: How They Will Overtake Traditional Payment Networks
The rapid growth of stablecoins in digital finance continues to draw the attention of investors and innovators alike. These purpose-built digital assets attempt to solve one of digital currencies’ biggest problems – volatility. As such, they are more popular than…
