How Stablecoins Exposed Weaknesses in the Financial System
Stablecoins are often described as disruptive or destabilizing, especially when viewed through the lens of regulation and monetary control. Yet this framing misses a more important point. Stablecoins did not introduce new problems into the financial system. They surfaced existing ones that had been normalized for decades. Delays, fragmentation, and unequal access to liquidity were […]
