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.
Collins sees yield separated from the stablecoin unit itself and AI quietly settling global value in real time, a structural shift that could redraw how liquidity providers and payment rails get…
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.
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…
Stablecoins have historically been a crypto-native affair. MoneyGram, Revolut and CACEIS jumping in this summer marks the category's clearest break from that origin story.
SoFi has rolled out SoFiUSD, a branded stablecoin, directly to users of its banking app — marking one of the most…
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.
Polygon holds a clear second, but the gap between Tron and every other chain underscores how concentrated everyday stablecoin settlement still is on a single L1.
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.
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.
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.
Beyond USDC, a new wave of bank- and consortium-issued stablecoins (USDG, PYUSD, RLUSD, USD1) promises stricter compliance. Here is how they differ on reserves, licensing, and redemption.
The GENIUS Act sets US rules for payment stablecoins: 100% reserves, no yield, and a new OCC license. Here is what it actually changes.