Money Reimagined


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As Congress Bickers, the Rest of World Recognizes Stablecoins

Singapore, Switzerland and several other jurisdictions are laying the groundwork to legally enshrine stablecoins. The U.S.? Not so much, even though the U.S. has a lot to gain from the promotion of dollars. Plus: a word on CoinDesk's recent journalist layoffs.

House Financial Services Committee Chair Patrick McHenry (left) and Ranking Member Maxine Waters (Alex Wong/Getty Images)

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PayPal’s Stablecoin Is No Libra. Why the Timing Feels Right

Like Facebook's ill-fated Libra project, PYUSD is getting some pushback in Washington. But its prospects seem more promising, says Michael J. Casey.

Reps. Patrick McHenry (left) and Maxine Waters (Alex Wong/Getty Images)

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America’s Credit Rating Helps Make Case for Bitcoin

Fitch’s downgrade of U.S. debt this week is a warning to American policymakers and underscores why Bitcoin and other open monetary systems matter, says Michael Casey.

(Rudy Sulgan/Getty Images)