What Is a Stablecoin? How They Work and Why They Matter
Stablecoins are the dollars of the crypto world — designed to hold steady value while moving at crypto speed. Here's how they work and where the risks hide.
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Stablecoins are the dollars of the crypto world — designed to hold steady value while moving at crypto speed. Here's how they work and where the risks hide.
Benjamin Cowen argues stablecoin dominance has broken out of a two-year base and is now backtesting it — a structure that historically took years to resolve and kept capital parked in stables rather…
A bilateral commitment to 'comparable regulatory outcomes' could let a UK-issued stablecoin serve US clients under mirrored rules, the first concrete step toward a transatlantic stablecoin corridor.
a16z argues the term will give way to 'digital dollars' and 'onchain assets' as the tech moves from a volatility hedge to baseline financial infrastructure.
The real fight isn't the platform launch; it's the Open USD revenue-share model that returns nearly all reserve income to distributors, a structural pressure point on Circle's USDC economics.
Two stablecoin tracks running in parallel: Ottawa is taking a year to formalize oversight while Visa scales cross-chain settlement to nine networks — the regulatory and the infrastructural clocks are…
The market is sending mixed signals: liquidity on the sidelines is thinning while retail trading rebounds, and corporate treasury buyers have gone nearly silent with just 101.5 BTC added across three…
USDC, USDT and PYUSD all promise $1 redemption in their marketing. The fine print, minimums, and fees tell a different story.
Regulated stablecoins like USDC are often more surveilled than a bank account. Here is what actually stays private, and what does not.
The dollar-pegged token economy is now larger than the sovereign buffers of the UK, Canada, the UAE and dozens of EMDEs — a structural shift in where global dollar liquidity actually sits.
Most stablecoins look identical on a surface. The difference is what's behind them, and that's exactly why some broke their peg while others didn't.
The split between record transaction volume and the largest supply drop since the Terra collapse is the real signal: the same dollars are turning over faster inside a shrinking pool, a setup that…
Perps and spot both faded last week, but the institutional bid stayed alive — Bitmine kept stacking ETH while Strategy paused BTC adds.
Deputy governor Sarah Breeden signaled the central bank is open to revising its proposed £20,000-per-coin holding limit and 40% zero-interest backing-asset rule after industry pushback on UK…
DAI is the original decentralized stablecoin — born on Ethereum, governed by MakerDAO, backed by crypto collateral. Here is how it actually holds its peg, what changed with the USDS rebrand, and how it compares to USDT and USDC.
The world's largest payments network is building its own stablecoin rail for banks and merchants, and it is picking an open-standard rival to USDC as the anchor asset on day one.
The GENIUS Act bars issuers from paying holders yield directly, but the $320B stablecoin market's economics still flow through exchanges, custodians, card networks, and banks — and that…
RLUSD is a US dollar stablecoin issued by Ripple under a New York trust charter, live on XRP Ledger and Ethereum, and built for cross-border payments and tokenized assets.
Most fiat-backed stablecoins argue they are not securities, but the legal question is unsettled. Here's how the Howey test actually works in plain English.
The GENIUS Act limits stablecoin reserves to short-term T-bills, repo, and central bank deposits, bans yield for non-bank issuers, and splits oversight between state and federal pathways.