
Stablecoin Payment Costs Need an All-In Denominator
New BIS and Bank of Canada research shows why stablecoin payment claims need to measure FX, liquidity, on-ramps, compliance and time to usable funds—not just blockchain fees.
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New BIS and Bank of Canada research shows why stablecoin payment claims need to measure FX, liquidity, on-ramps, compliance and time to usable funds—not just blockchain fees.

Canada’s Stablecoin Act governs issuers, but payment services and trading remain separate compliance layers. Builders need to map the role their product actually performs.

The SEC's new crypto-custody proposal expands lawful options. My view: regulation should judge custody by recovery, verification and insolvency outcomes—not key control alone.

Visa’s latest onchain credit announcement concerns the working capital behind payment programs. Its significance depends on underwriting, settlement and the evidence lenders can actually use.

Stablecoin transparency is useful only when readers understand the report date, scope, asset composition, redemption rules and risks that remain outside the accountant’s conclusion.

For much of crypto's history, attention has often flowed toward speculation. ICOs. Yield farming. NFT collections. Metaverse projects. Memecoins. Each cycle introduced new narratives, new opportunities, and new waves of excitement. Some created lasting innovation. Others generated temporary att...

In cryptocurrency, few numbers receive more attention than market capitalization. Every day, investors compare projects based on market cap rankings. Websites sort tokens by market value. Social media celebrates projects reaching new valuation milestones. Analysts frequently use market capitalizatio

Every crypto bull market has a story. In 2017, it was the rise of Initial Coin Offerings (ICOs). In 2020 and 2021, it was DeFi, NFTs, metaverse projects, and institutional adoption. Along the way, countless narratives emerged, attracted capital, and eventually faded. This pattern has become familiar

For more than a decade, people have been saying they

Crypto has spent years in cycles. Hype. Expansion. Collapse. Reset. Each phase brings new participants, new narratives, and new expectations about where the market is going. But beneath all of that, something else has been happening. The market has been maturing. From Speculation to Structure Ear...

Crypto rewards activity. Or at least, it feels like it does. More trades. More indicators. More strategies layered on top of each other. The assumption is that more complexity leads to better results. But in practice, the opposite is often true. Simpler strategies tend to outperform. The Illusion of

Crypto moves constantly. Prices fluctuate. Narratives change. Sentiment shifts by the hour. From the outside, everything feels important. But not everything is. Because most movement is noise. And only a small portion represents real change. What Short-Term Noise Looks Like Short-term noise is...

In crypto, movement gets mistaken for meaning. When something is going up, it feels important.When it’s moving fast, it feels valuable. But momentum and value aren’t the same thing. And confusing the two is one of the most common mistakes in the market. What Momentum Actually Represents Momentum...

Crypto is built on volatility. Prices move fast. Sentiment shifts quickly. Opportunities appear and disappear in short windows. For many participants, volatility is the focus. But what often matters more isn’t how much you’re exposed to movement. It’s how much you’re not. What Stable Capital...

Crypto has no problem attracting users. New narratives, rising prices, and fresh opportunities bring waves of people into the space. Every cycle introduces millions of new participants. But most of them don’t stay. Retention—not acquisition—is still one of crypto’s biggest weaknesses. The Gap B...

In crypto, diversification is often seen as a smart strategy. Spread risk. Hold multiple assets. Capture different opportunities. On the surface, it makes sense. But in crypto, too much diversification can create a different problem. Overexposure. What Overexposure Actually Means Overexposure isn...

Crypto moves on stories. A new idea emerges. Attention builds. Capital flows in. Prices rise. For a period of time, the narrative becomes reality. Until it doesn’t. Because narratives move fast. Fundamentals don’t. The Speed of Narrative Formation Narratives in crypto form quickly. Sometim...

In crypto, success can be misleading. A project can have: A rising token Strong trading volume Growing attention And still not have a real product. At the same time, a project can have: A working product Real users Clear utility And its token barely moves. This disconnect comes dow...

In crypto, launching a token has become the default. New project? Create a token.New platform? Add a token.New idea? Tokenize it. It’s expected. But most of the time, it’s unnecessary. The Assumption That Everything Needs a Token There’s a built-in assumption across the space: If it’s a W...

“Strong hands” is one of the most overused phrases in crypto. It gets thrown around constantly: Hold strong Don’t sell Only weak hands exit But most people misunderstand what it actually means. Because holding through everything isn’t strength. And selling isn’t always weakness. ...