Stablecoins. The shiny new payment rails promised to disrupt everything. Turns out, they're mostly just better toilet paper for crypto traders.
Stablecoins were billed as payment saviors. Fed research says otherwise: they're mostly parked idle, circling crypto exchanges like moths around a flame.
Everyone figured FedNow would stay domestic forever. Now the Fed's floating cross-border via intermediaries—changing the game, or just kicking the can?
Ever wonder why the Fed's balance sheet is still a behemoth? Dallas Fed chief Lorie Logan says blame the red tape — and it's time to cut it loose.