Stablecoin Musings

USD correspondent banking in the Pacific has dropped 60% since 2011. Tonga's importers can't reliably pay suppliers in Singapore. Two local banks have already lost their USD accounts. But @DigicelTO MyCash already moves money across Tonga, the National Reserve Bank of Tonga is actively exploring fintech solutions, and licensed off-ramps like Triple-A handle the SGD and USD exit leg. New post breaks down why stablecoins are the connective tissue, and what a potential working architecture looks like @StablesMusings ↓ stablecoinmusings.substack.com/p/the-case-of-…

This past week has been hectic. NYSE is building a 24/7 tokenized securities platform, Invesco just took over a $900M tokenized Treasury fund, and Swift is onboarding 25+ banks onto crypto rails - all while the U.S. moved to ban passive stablecoin yield. Latest @StablesMusings breaks it all down. stablecoinmusings.substack.com/p/the-path-of-…

The U.S. Senate just passed the 21st Century ROAD to Housing Act with a massive 89-10 bipartisan majority. But for the stablecoin industry, the real news was hidden in Title X: a prohibition on the Federal Reserve issuing a retail CBDC. New @StablesMusings post just dropped ↓ stablecoinmusings.substack.com/p/the-senate-j…

For years, crypto's biggest obstacle wasn't technology. It was not knowing which regulator would come knocking, or when. That's changing with the CLARITY Act. For exchanges, builders, and institutional teams, the question is no longer whether a compliance framework is coming. It's whether your operations are ready for it. One part of that readiness doesn't get enough attention: data infrastructure. How reference prices are derived, how asset classifications are maintained, and whether market conditions can be reconstructed on demand are no longer questions only traders ask. Regulators will ask them too. Check out the full article @coingecko: coingecko.com/learn/clarity-…

New Stablecoin Musings post just dropped. The CBDC landscape is shifting into production as a "Great Divide" between social retail models for financial inclusion and wholesale infrastructure for institutional efficiency. Read now ↓ stablecoinmusings.substack.com/p/the-cbdc-gre…

New post just dropped! stablecoinmusings.substack.com/p/will-digital…

Crypto regulation and policy is a very important focus for me. Crypto depends on accessible regulation. Simply put, regulation can kill or grow crypto adoption. In 2026, crypto compliance is shifting from a reactive legal strategy to a core infrastructure requirement, where regulatory standards like MiCA and the GENIUS Act must be architected into the protocol level from day one. We're seeing major jurisdictions move toward fully enforceable, crypto-specific frameworks that mandate real-time monitoring and institutional-grade custody standards. Check out the full article @ChainstackHQ ↓ chainstack.com/crypto-regulat…

link to post: stablecoinmusings.substack.com/p/the-rigged-g…

Everyone's talking about Powell and @federalreserve independence. Here's what central bank autonomy actually means legally and why it can't be changed. @StablesMusings just dropped ↓

Stay updated on the latest legal and policy developments in the stablecoin and CBDC space.

link: open.substack.com/pub/stablecoin…

2026 is here. First post of the year @StablesMusings just dropped. Check it out below ↓

Europe is leading the way in CBDCs, the digital Euro. Below is the official/expected timeline: 2023: EU drops the first digital euro package and kicks off the rulebook for Money 2.0.​ 2025: ECB closes the preparation phase and moves the project into the next build‑out stage.​ 2026: Target for passing the main Digital Euro Regulation in Parliament and Council.​ 2027: Earliest pilots and limited‑scope rollout pencilled in policy and market analyses.​ 2029: A full retail CBDC in the wild moves from thought experiment to realistic scenario.

Check out the link in bio to read.

After an extremely long hiatus, we're officially back. New post @StablesMusings just landed! Why stablecoin legislation is really about Treasury demand, not payments ↓

It's been a while. From now on, will be posting byte-sized thoughts :) Here's the first one: open.substack.com/pub/stablecoin…

@superstatefunds @bithiahkoshy Appreciate the shoutout!❤️

Great breakdown on what tokenized investment funds are, why they matter, and how Superstate contributes to the tokenized RWA universe from @StablesMusings. h/t to @bithiahkoshy of for the write up!