Plus market breadth
A viable renminbi stablecoin has potential to disrupt entrenched dependence on dollar
Stablecoin issuers and traders are attracted by yields on offer and potential use as collateral in some derivatives transactions
Token gestures
Niche corner of finance is a pet project of the US administration and a hot topic for business
Regulator allows locals to purchase foreign currency debts issued onshore as it seeks to offset capital outflows
New president’s pledge to allow won-based stablecoins has led to huge gains in related shares this month
And are parallels to the era of Free Banking any good?
European Commission poised to propose treating stablecoins issued outside bloc as interchangeable with EU versions
And how much does the Fed chair matter?
BIS says they fail crucial tests for a sound currency and are exploited by criminals
Plus retailer stablecoins
Usage of the digital assets is growing rapidly, but concerns remain about supervision and their impact on other parts of the financial system
Asset-backed digital currencies could pose risks to bedrock of global financial system
Could the GENIUS Act succeed where regulators failed?
Trump family’s enthusiasm for digital assets creates a glaring conflict of interest
The lawful good to chaotic evil of assets vs liabilities
Plus solar stocks vs Trump
Asset-backed digital currencies should not be regulated or regarded as the same as central bank money
And stablecoin issuers are banks
The US needs to preserve the virtues for which its currency has historically stood
Unless their use is defined under law, and accounting rules, they will remain a poor medium of exchange
World’s most traded cryptocurrency does not currently accept customers in the US
US firm is latest crypto group to try to take advantage of more favourable environment towards industry under Trump
Penalty for Mike Novogratz’s group comes as SEC scales back investigations into biggest names in digital assets market
