Editors choice Stablecoins & Central Banks

Why Digital Liquidity Is Replacing Trust as the Core Market Anchor

For decades, financial markets were anchored by trust. Trust in institutions, trust in intermediaries, and trust in settlement systems formed the foundation of market stability. Participants assumed that payments would clear, balances would be honored, and counterparties would perform. That assumption is changing. In modern markets, liquidity has become more important than trust. Not because […]