The stablecoin surge: Risks for the Global South?
There are plenty of potential benefits for banks, consumers and others from the coming wave of globe-spanning stablecoins. But for fragile, smaller economies, there’s a risk of fallout.
Stablecoins
Stablecoins and tribal chiefs: Monetary authority after the GENIUS Act
The GENIUS Act traces a historical pattern: elites turning new forms of money into instruments of authority. A 19th-century theory of tribal money suggests stablecoins may repeat that cycle in digital form.
‘How do you know what you can actually trust?’
The author and fintech strategist on why money needs government, the rise of deepfakes, and how trust could become the most valuable currency.
The case for decentralized stablecoins
Stablecoins are booming in popularity, but they’re not all built the same. By not relying on potentially opaque issuers, decentralized stablecoins are showing that they have the resiliency, transparency and robust risk management to become the payment layer for the internet.
Regulating global stablecoins
The rise of stablecoins poses complex and novel cross- border legal challenges. With the right model-law approach, policymakers can can maintain stable value and protect consumers while safeguarding monetary integrity and financial stability.
Toward a more perfect stablecoin
In theory, blockchain technology enables the creation of a financial system that is independent of centralized intermediaries or other single points of failure. In practice, the stablecoins used to transact on public blockchains heavily depend on their issuers or small groups of administrators. The Frankencoin seeks to enable the creation of money without banks or other trusted third parties.
Building the always-on digital dollar
Many early cryptocurrency promoters trumpeted the end of fiat cash and a new form of finance. But the rise of stablecoins has shown the old US dollar is still dominant — and point toward a new kind of money for the future global economy.