The magic of the digital peg
Global lifelines in times of crisis
The invisible plumbing of global finance
The battle for the future of money
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Master of How stablecoins rule global money
nic Governments are developing their own digital currencies to compete directly with private stablecoins and maintain control over national money.
nic The European Union's Markets in Crypto-Assets (MiCA) regulation is the world's first comprehensive legal code for stablecoins.
China's digital yuan: China's central bank digital currency, the e-CNY, has already processed billions in transactions, even allowing tourists to pay using digital wallets.
A cryptocurrency whose value is pegged to that of another currency, commodity, or financial instrument. In 2025, the United States introduced the GENIUS Act to regulate these private digital assets.
Which country was among the first to launch a nationwide pilot of its Central Bank Digital Currency, the e-CNY?
Why are financial regulators concerned about a potential 'bank run' on a major stablecoin?
What is a primary concern critics raise regarding the widespread use of government-issued CBDCs?