stable coins
By Maheen Hernandez
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Why $304 Billion Can't Be Ignored Anymore. The stablecoin market cap sits at roughly $304 billion right now.
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What Warsh Says — and Doesn't Say — Will Matter. Federal Reserve Chair Kevin Warsh is set to speak at 10 a.m. ET, with the address streamed online.
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Rogoff, Duffie, and the Academic Weight Behind the Shift. Rogoff's presence is worth noting on its own. He's been skeptical of cash for years — "The Curse…
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Crypto is officially on the agenda. The Kansas City Federal Reserve has listed cryptocurrencies and stablecoins in the official program for the 49th Jackson Hole symposium,…
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That's a big deal. Jackson Hole has been running since 1978, and if you dig through nearly five decades of archives, you won't find a single explicit mention of cryptocurrencies…
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Six papers. Three panels. A Harvard economist at the lunch table.
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The stablecoin market cap sits at roughly $304 billion right now. That number alone probably explains why the Kansas City Fed finally moved digital assets from the margins into…
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The White House Council of Economic Advisers put some numbers to it. Stablecoin issuers pumping money into short-term Treasuries has pushed an influx of up to $3.
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And the GENIUS Act, signed into law in July 2025, basically locked this dynamic in place. The law requires stablecoin issuers to back their tokens with dollars or short-term…
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See also: Crypto Traders Brace for Fed Chair Warsh’s Key Jackson Hole Inflation Speech
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Unclear yet whether Warsh will address stablecoins directly. But even if he doesn't, the fact that the agenda around him is packed with digital asset discussions sends its own…
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The broader framing of the symposium is "the future of currency, banking, and the execution of policy." That's a deliberately wide tent.
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Rogoff's presence is worth noting on its own. He's been skeptical of cash for years — "The Curse of Cash" basically argues that large-denomination paper currency enables crime…
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Duffie, on the other hand, has spent years working through the mechanics of tokenized finance — how traditional assets like bonds and equities might eventually live on…
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More context: Dallas Fed Warns Tokenized Deposits Could Lead to $700 Billion Credit Crisis
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