Wednesday, April 26, 2023

A quick defence of digital substrate agnosticism (or, why banks should be able to issue stablecoins)

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In principle, I'm pro banks-issuing-stablecoins. I think banks should be able to issue dollar IOUs on whatever digital substrate they s...
2 comments:
Monday, April 24, 2023

Zelle vs Interac e-Transfer, or why it's so difficult to kickstart a payments network in the U.S.

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It's difficult to grow a payments product to universality in the United States, and that's partly due to the fact that the U.S. has ...
2 comments:
Thursday, April 20, 2023

How stablecoin opacity and sloppy reserve management paid off (for now)

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[I wrote this article for CoinDesk earlier this month and am republishing it here.] USDC Boasted Transparency but It Didn't Help When S...
Wednesday, April 19, 2023

In which I catch Canadian banks paying more interest to customers than US banks do

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TD Bank operates on both sides of the border, yet pays more in interest on one side than the other. Source: TD Long-time readers will know t...
3 comments:
Thursday, April 13, 2023

Payments stablecoins vs trading stablecoins

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Circle's Gordon Liao recently sketched out a new distinction between 'payment stablecoins' and 'trading stablecoins,' a...
1 comment:
Saturday, April 1, 2023

FedNow is not a tool for freezing money

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I've been seeing a lot of misunderstanding about FedNow, a new retail payment system built by the Federal Reserve (the FED), but the on...
Thursday, March 23, 2023

Does FedNow mean quicker bank runs?

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The Federal Reserve is introducing its first instant retail payments system this summer, FedNow . Retail is a catch-all term for small paym...
Tuesday, February 14, 2023

Weak nations with strong currencies

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Two unlikely currencies were among the world's strongest currencies in 2022: the Yemeni rial and the Afghan afghani . Yemen is currentl...
1 comment:
Friday, February 3, 2023

Hey bitcoin owners, how are you paying for bitcoin's energy costs?

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Bitcoin miner in La Doré, Quebec via L'Étoile du Lac In what form do bitcoin holders bear bitcoin's huge energy costs? For the Bitco...
14 comments: