HOW STABLECOINS BECOME MONEY: LIQUIDITY, SOVEREIGNTY, AND CREDIT

Summary from the TLDR Crypto newsletter

Stablecoins are evolving from fast, cheap payments into foundational financial infrastructure, but to function as true money, they must integrate seamlessly into the broader monetary system. This requires solving for 1:1 liquidity, local policy compatibility, and credit creation challenges, especially as T-bill-backed stablecoins scale. Innovations like tokenized deposits, decentralized clearing, and diversified collateral are key to unlocking stablecoins' full potential without undermining global financial stability.