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Your Stablecoin Is Onchain. The Dollars Behind It Never Left the Bank.

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I spent part of this week with the BIS’s new chapter on stablecoins, all forty five pages of it, because I wanted the numbers rather than the narrative. What stuck was not the headline figure, though it is worth having in hand: stablecoin m…

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Your Stablecoin Is Onchain. The Dollars Behind It Never Left the Bank.
The Capital 1h ago

Your Stablecoin Is Onchain. The Dollars Behind It Never Left the Bank.

I spent part of this week with the BIS’s new chapter on stablecoins, all forty five pages of it, because I wanted the numbers rather than the narrative. What stuck was not the headline figure, though it is worth having in hand: stablecoin m…