Issue 42

House of Stablecoins

A new US freeze rule split the dollar stablecoin into two wings: the supervised stablecoins you can integrate, and the offshore stablecoins you have to off-board. Telling them apart is now a compliance job.

Cover art for “House of Stablecoins”

This issue was published on Substack on July 23, 2026.

Read the full issue on Substack

Also published on LinkedIn.