Stablecoins: Policy, sovereignty and backstops
No jurisdiction can ignore stablecoins. They can be banned outright only in the most effectively authoritarian countries, or accommodated and even enc…
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The geopolitics of stablecoins
Stablecoins are private digital money pegged to a fiat currency, overwhelmingly the US dollar. Dollar stablecoins reinforce American monetary and poli…
Read moreStablecoins are run-optimised instruments
Stablecoins are private digital money designed to trade at par with a fiat currency. The promise of cheap and fast trading around the clock and across…
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