Where finance and media intersect with reality.
Friday’s de-pegging of Ethena’s USDe rocked crypto markets and came as if out of the blue. With more than 72 hours to gather intel and
Looks like it was a close one for the Delta-One coins like Ethena’s USDe.
Odds and ends we’ve spotted throughout the week.
Plus, Hyperliquid’s Jeff Yan argues perps are superior instruments. Meanwhile, tokenized deposits dealing in stablecoins are coming to Japan.
The Genius Act is about more than separating credit functions from payment float. It’s a form of forward guidance that says, ‘You can trust us, because we have an intent to peg. ‘
The fight over whether stablecoins should hold all assets in unremunerated reserves at the BoE heats up. Plus, SWFs are getting into stablecoins.
Snippets of everything that’s happened in the past week on The Blind Spot emailed to your inbox every day.
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