America’s Crypto Apocalypse
https://www.project-syndicate.org/commentary/us-stablecoin-law-genius-act-risk-to-financial-stability-democracy-sovereignty-by-hilary-j-allen-2025-09
By opening the floodgates for “stablecoins,” Congress has made the US financial system more vulnerable to crises, increased the chances of government bailouts for tech platforms, and further entrenched Silicon Valley’s political power. In fact, such outcomes seem to be exactly what some techno-boosters want.
A Nobel laureate on why stablecoins may be nothing of the sort
https://www.economist.com/by-invitation/2025/09/29/a-nobel-laureate-on-why-stablecoins-may-be-nothing-of-the-sort
Payments systems must be built on public infrastructure, not speculative tokens, writes Jean Tirole.
Europe Needs a Euro Stablecoin
https://www.project-syndicate.org/commentary/europe-needs-a-euro-stablecoin-backed-by-ecb-liquidity-support-by-lucrezia-reichlin-2025-09
https://www.project-syndicate.org/commentary/us-stablecoin-law-genius-act-risk-to-financial-stability-democracy-sovereignty-by-hilary-j-allen-2025-09
By opening the floodgates for “stablecoins,” Congress has made the US financial system more vulnerable to crises, increased the chances of government bailouts for tech platforms, and further entrenched Silicon Valley’s political power. In fact, such outcomes seem to be exactly what some techno-boosters want.
A Nobel laureate on why stablecoins may be nothing of the sort
https://www.economist.com/by-invitation/2025/09/29/a-nobel-laureate-on-why-stablecoins-may-be-nothing-of-the-sort
Payments systems must be built on public infrastructure, not speculative tokens, writes Jean Tirole.
Europe Needs a Euro Stablecoin
https://www.project-syndicate.org/commentary/europe-needs-a-euro-stablecoin-backed-by-ecb-liquidity-support-by-lucrezia-reichlin-2025-09