Stablecoin stability requires more than reserve quality
Explore how stablecoin par maintenance depends on Treasury-market intermediation, blockchain liveness, and reserve quality under the GENIUS Act.
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Stablecoins
Research and commentary on stablecoins, monetary pluralism, reserve structures, regulation, payments, and the future of digital money
Cryptocurrency unit-of-account diagnostics
Explore a reconceptualized unit-of-account function to assess whether digital tokens can denominate economic commitments independently
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Taming wildcat stablecoins: a review note
Explore how Gorton and Zhang frame stablecoins as unregulated banks prone to runs, requiring sovereign backing or CBDC intervention.
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Bitcoin, Stablecoins, and AI Payment Rails
The March 6, 2026 episode of The Last Trade features James Camp arguing that Bitcoin’s path through AI will likely run first through stablecoin rails and institutionally shaped payment infrastructure.
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Lightning’s Bid to Capture Stablecoins and Foreign Exchange Settlement
The February 16, 2026 episode of the TFTC podcast features Jesse Shrader of Amboss arguing that the Lightning Network, combined with Taproot assets, can support stablecoins, decentralized exchange, and even segments of the $9.7 trillion daily foreign exchange market.
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Stablecoins, Sovereign Balance Sheets, and the API Reset of Banking
The February 10, 2026 episode of the Final Settlement Podcast features a panel discussion examining Tether’s evolving balance sheet strategy, the rise of regulated banking charters for digital asset firms, and the acceleration of stablecoin payment rails.
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Bitcoin’s Next Era: Digital Gold, Stablecoins, and Freedom Tech
The February 03, 2026 episode of the ARK Invest podcast features a multi-guest panel discussing Bitcoin’s evolving role alongside stablecoins and a broader class of “freedom technologies.”
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AI Deflation, Stablecoin Rails, and Bitcoin’s Purchasing Power Case
The February 03, 2026 episode of the Final Settlement podcast features Cam Doody arguing that accelerating AI-driven technological deflation strengthens Bitcoin’s long-run purchasing power, even if the market discounts it in the near term.
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AI Capex Boom Meets Bitcoin and Tokenization
The January 23, 2026 episode of ARK Invest features Cathie Wood explaining why converging innovation platforms could drive an extended AI-led capital spending cycle and a step-change in productivity.
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When Currency Confidence Breaks: Cascades, Mining Shifts, and Quantum Risk
The January 21, 2026 episode of the Brandon Gentile Show features Matt Prusak explaining why Bitcoin adoption accelerates through social preference cascades rather than single political or market catalysts.
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Private Money, Public Power: Stablecoins, Bitcoin, & the U.S. Monetary Worldview
The debate over stablecoins and Bitcoin is often framed as a technical argument about speed, fees, or volatility. What is really at stake is not payments technology, but which monetary worldview policymakers are trying to preserve.
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Bitcoin Settlement Rails, Stablecoins, and the SWIFT Displacement Thesis
The October 21, 2025 episode of Coin Stories features David Marcus outlining Bitcoin’s role as a neutral settlement layer for global payments.
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