The Weekly Peg: Stablecoin crackdowns (1/3)
EU targets Russia’s A7A5, ESRB calls for bans, plus lots of chart porn.
The Weekly Peg: Regulators strike back
The FSB raises the alarm over stablecoin asset concentration at the very short end of the yield curve and the potential for stablecoins to trigger market disruptions.
The Weekly Peg: Delta-one strategies are all go
Plus, Hyperliquid’s Jeff Yan argues perps are superior instruments. Meanwhile, tokenized deposits dealing in stablecoins are coming to Japan.
The Weekly Peg (3/3): Jack Ma says ‘I told you so’
The fight over whether stablecoins should hold all assets in unremunerated reserves at the BoE heats up. Plus, SWFs are getting into stablecoins.
The Weekly Peg (2/3): Let a thousand stablecoins bloom
The stablecoin duopoly era is coming to an end. Plus, Delta One makes an appearance.
The Weekly Peg (1/3): Singapore hangover
Here’s our rundown of last week’s Token 2049 gathering in Singapore.
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 […]
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 […]
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.