Open Money, Clearly Explained

Crypto Apps Pay Ten Times What Your Savings Account Does, and the Banks Are Suing

The average U.S. savings account paid 0.37% in September. Coinbase pays its members 3.75% on USDC, and starting the last week of October a USDC balance comes to Samsung Wallet in the U.S.

Is AI breaking cryptography?

On October 6 OpenAI published 722 math manuscripts from an unreleased model. None touched cryptography, but Ethereum researcher Justin Drake told large holders to move funds to addresses that have never exposed a public key.

Most Tokenized Money Can't Be Sold to a Stranger

Pantera's State of Tokenization found that whitelisted tokens hold 59% of tokenized value and produce 0.2% of onchain trading. BlackRock's $2.2 billion BUIDL fund has 104 holders.

Stablecoins Hold About as Much U.S. Debt as India, and the Treasury Is Counting on More

Treasury's deputy secretary told the bond market on September 22 that stablecoin issuers hold nearly $200 billion of Treasury bills and called it a growth opportunity.

The Ongoing Lack of Clarity

Clarity Act fails 49-50: What the Senate vote means for stablecoin rewards and bank deposits

The SEC Will Let a Blockchain Be the Share Register, as Long as One Firm Controls It

In eleven days, two regulators said in writing that a shared ledger can be the legally authoritative record of who owns what.