Latest / The Cryptocurrency Economy with Fexingo: Bitcoin, Ethereum, and Digital Money Markets
How Stablecoins Became The Hidden Central Bank
Stablecoins are quietly handling more daily transaction volume than many national central banks, yet they operate without a mandate for financial stability. We explore how Tether and Circle have become the de facto monetary authorities in global trade, examining the friction between private dollar issuance and public policy. With interest rates holding near 3.75 percent and crypto liquidity shifting toward institutional rails, we look at who really controls the plumbing of modern commerce. This episode breaks down the mechanics of off-balance-sheet reserves, the regulatory blind spots in…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.