The Weekly Peg (1/3): Singapore hangover
Here’s our rundown of last week’s Token 2049 gathering in Singapore.
Why ‘perps’ could be the next big thing after stablecoins
As perpetual futures edge into the mainstream, they stand to reshape dollar funding markets in unexpected ways.
The Weekly Peg: Gearing up for Token2049
Industry news: Flow news: Ethereum saw a massive $1.6B inflow into its stablecoin supply, more than all other chains combined. Commentators argued this should reinforce Ethereum’s role as the backbone of on-chain finance — though some pointed out that velocity, not just supply, is the more telling metric of real adoption. — Tether is seeking […]
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.
In the Blind Spot: Mass formation psychosis is happening again
Don’t fall for a false dialectic. Don’t get played. Practice cognitive security and touch grass. Stay kind.
Cash Equivalence: Dollar stablecoin armies are mobilizing
Tell me you’re running a patriotic war bond campaign, without officially telling me you’re running a patriotic war bond campaign.
A Blind Spot revamp
This is a note to our free subscribers. As we’ve already highlighted to our paid subscribers we are undergoing a restructuring. There are two key changes. The first is that we will slowly be migrating our service to Substack. During the transition period we will continue to cross post on both sites, and the £5 […]