Presented without (much) comment
A collection of interesting blind spotty stuff from the week. Who owns U.S. debt? Aka: how QE killed the UST carry-trade for foreigners (and correspondent banking in the global south with it). The Blind Spot is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. From […]
Cash Equivalence: The battle to dominate stablecoin custody and management
Hyperliquid is a crypto exchange that doesn’t want its customers to rely on leading stablecoins like Tether or Circle for trading on its platform. It would rather issue the coin itself. But managing coins is a complex business, requiring licenses, banking relationships, regulatory experts, and more. That’s why Hyperliquid is seeking to outsource the responsibility […]
The Weekly Peg: Everyone’s worrying about limits
Cash Equivalence is a pop-up news service operated by Blind Spot Publishing dedicated to coverage of stablecoins and CBDCs. Its content is also available independently at www.cashequivalence.com for £10 per month. Industry news: — WLFI is introducing the idea of stablecoin buybacks. — Paxos has launched PaypalUSD on the Stellar network. — Paxos launched its […]
The free speech community is tearing itself apart over Charlie Kirk
The fracture stems from a blind spot: a reluctance to recognize that certain limits on speech are legitimate, especially at war, and that whataboutism isn’t always equivalent.