What’s going on with stablecoins?
summary
Company-built e‑money tokens already run on public blockchains with licensed banking partners and electronic‑money institutes, and one payments firm says it issued its own stablecoin when no issuer materialized. Regulators push MiCA and proof‑of‑reserves rules; the ECB PoC using a UTXO‑based ledger flags offline payments and privacy as wins. Algorithmic designs are judged likely to fail; the consensus is stablecoins must be asset‑backed with verifiable reserves. On‑chain rules and transparency replace opaque audits but issuer and bank failure risk remain.
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chapters (10)
- 0:00Intro
- 1:00What have you learned
- 3:12Tokenized Stablecoins
- 5:42CBDC
- 9:47Algorithms
- 11:12Decentralisation
- 11:47Fundamental rules
- 13:12The perfect stablecoin
- 14:57Audits
- 18:27Recommendations
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