Lessons from a stablecoin IPO: tech turns on a dime
Circle’s tokens should reliably preserve their value, but the same cannot be guaranteed of its shares
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The dangers of stablecoins
They are no substitute for money, even if usage is growing fast
The stablecoin stumbling block
The crypto tokens are not yet safe enough to be used at scale in the settlement of large, wholesale financial transactions
Bank of England dilutes planned rules for UK stablecoins
Central bank partly backs down after industry criticism over plan for digital tokens
Why we should worry about the rise of stablecoins
Asset-backed digital currencies could pose risks to bedrock of global financial system
Stablecoins can support financial safety
Fears that they make it easier for criminals to move money around are based on a misconception
Stablecoins could trigger taxpayer bailouts, warns Nobel economics laureate
Digital tokens perceived as safe assets come with hidden risks for retail investors, says Jean Tirole