Sony’s stablecoin: some interesting threads

plus: the Fed and permissionless blockchains, euro stablecoins, markets and more

“Freedom flourishes in temperate zones; it does not survive the burning faith of prophets and crowds.” – Raymond Aron ||

Hi everyone! I hope you’re all doing well. The crypto bounce makes things a bit more cheerful – I’m not pulling out the confetti yet, though.

In about half an hour, at 9am EST, I’m appearing on Scott Melker’s daily show with Dave Weisberger, who is always fun to talk to. I don’t have a link to the livestream yet, but you can find Scott’s channel here.

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IN THIS NEWSLETTER:

• Sony’s stablecoin: some interesting threads

• The Fed understands permissionless blockchains

• Euro stablecoins

• Markets: hunh

Crypto is Macro Now offers ~daily commentary and updates on the overlap between the crypto and macro landscapes.

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WHAT I’M WATCHING:

Sony’s stablecoin: some interesting threads

Sony is planning to launch a US stablecoin next year.

There are two interesting threads to this story: