The coming crypto crisis
Bipartisan backing of stablecoins will hurt America’s economy and its politics
Related reading
The dangers of stablecoins
They are no substitute for money, even if usage is growing fast
Why we should worry about the rise of stablecoins
Asset-backed digital currencies could pose risks to bedrock of global financial system
Why Trump’s team is betting on stablecoins
The administration sees these digital assets as a tool in the fight against de-dollarisation
US stablecoins pose danger to emerging markets, say central bankers
Growth of dollar-pegged crypto assets under Donald Trump risks accelerating dollarisation and enabling criminal misuse
Stablecoins can support financial safety
Fears that they make it easier for criminals to move money around are based on a misconception
Why the world should worry about stablecoins
Dollar-based digital currencies offer benefits for the US, but Britain and the EU are better off resisting them