The Great Banking Divergence: Wall the Garden or Join the Game?
For the past year, the banking industry spoke with one predominant voice on stablecoins: slow them down, fence them in, keep the deposits home.
The Stablecoin Strategist
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Druckenmiller Fires a Warning Shot at the Bessent Doctrine
The Treasury is fighting the bond market on one front and Iran on another. Both battles lead back to the same place: the dollar's third act.
The Bank Moat Around Stablecoins May Soon Break and Here’s Why
On August 18, FASB published a proposed Accounting Standards Update clarifying when a dollar-pegged token meets the existing definition of cash equivalents.
What I Got Wrong About Stablecoins and How the GENIUS Act Changed My View
A little over a year ago, I didn’t care much about stablecoins.
Tether's Largest Financial Audit in History: What It Means for Circle and Global Stablecoin Adoption?
For a decade the stablecoin rivalry between Tether and Circle was driven by one looming issue—transparency.
The Bank of England Just Put Stablecoins on Testnet
The Bank of England’s Digital Pound Lab has published its Phase 2 update, and buried in the participant list is a consortium worth your attention: NOBO Finance, Dun & Bradstreet, and Polygon Labs. Their use case tests whether a stablecoin and a digital pound can settle the same cross-border payment in a single orchestration flow—an exporter pays in stablecoins, an importer settles in digital…
The OCC Just Confirmed It: The Neo Crypto Bank Era Is Here
The Office of the Comptroller of the Currency confirmed yesterday what I’ve been saying for months—crypto neo banks are coming for traditional banks.
What Wasn't Priced into the GENIUS Act: How the AI Agentic Economy Will Scale Stablecoins
Every stablecoin forecast you’ve read—including the Treasury Secretary’s own—is a bet on human behavior: the saver in Buenos Aires, the merchant in Lagos, the remittance from Houston to Manila.
Mastercard Closes BVNK Deal—Welcome to the "Multi-Money World"
Mastercard announced on August 3 that it has completed its acquisition of BVNK, the stablecoin infrastructure provider that quietly powers fiat-to-on-chain payment flows for fintechs and enterprises.
Coinbase's Q2 2026 Shareholder Call: While Many Focussed on the Company Missing Earnings, the Big Story is its Vision for Stablecoins
Most of yesterday’s coverage fixated on the miss.
Visa's Stablecoin Agnostic Strategy: How Interchangeable Stablecoins Will Reshape the Future of Consumer Payments
On Tuesday's earnings call, Visa CEO Ryan McInerney was asked whether Open USD—the consortium stablecoin Visa backed last month alongside more than 140 companies including Stripe, Mastercard, BlackRock, and Coinbase—represents a challenger to Tether and Circle.
Visa Announces Build of a Stablecoin Platform
On July 16, Visa announced the Visa Stablecoin Platform (VSP), an enterprise environment for financial institutions, fintechs, and crypto-native firms to mint, hold, transfer, and redeem stablecoins through a single Visa-managed stack, with a new Wallet-as-a-Service layer underneath it.
The Deadline Nobody Met—and the Bill Everybody's Watching
Saturday came and went.