Stablecoins: The Emerging Market Story
Written by Castle Island Ventures and Brevan Howard Digital, with data from Artemis. Brought to you by Visa Crypto. Who uses stablecoins? What are they used for? Are they just a collateral type and settlement medium for crypto traders, or something more? Even as stablecoins have become a breakout success, these questions have plagued […]
Five perspectives on stablecoins
At this point, stablecoins are a demonstrated success — crypto’s first killer app. The data on this front is abundant and increasingly clear. As I have argued, stables have dollarized the crypto market, and they are crypto-dollarizing a whole host of economies, particularly in emerging markets. There is an important discussion to be had about […]
Proof of Reserves for Policymakers
Proof of Reserves (PoR) isn’t just a niche procedure debated by crypto bros and accountants any longer. It’s increasingly making its way into legislation and policy. The Texas legislature recently saw a bill introduced asking for segregated custody at exchanges alongside quarterly PoR attestations. Wyoming also mentions PoR in their 2021 Digital Asset Custody Framework. I expect others will […]
Redeem-and-retain NFTs are the future of luxury goods
You get a push notification. Your favorite designer is releasing a new limited-edition pair of sneakers. No need to worry about waiting in line, clicking furiously to catch the drop on a buggy website, or dealing with scalpers. You cryptographically, provably own two items from this designer already, so your wallet is whitelisted. On release […]