Sony’s stablecoin: the bigger implications
“There is no victory at bargain basement prices.” – Dwight D. Eisenhower ||
Hello everyone! Happy Bastille Day to my French readers – and, well, go Spain… ⚽🎉
Last week, Substack informed me that I was #36 bestseller in Spain, and this week I’m #35, which is… odd… but I appreciate it, thank you all!!
✨ Monetary Forces: later TODAY, Izabella Kaminska and I pick at the key headlines that paint the picture of how technology is changing finance, and I’ll talk about how stablecoins increase the money supply.
Tuesday (today!), July 14 @ 10am EST / 4pm CEST / 3pm BST – livestream link: https://open.substack.com/live-stream/275514
PUBLISHED IN PARTNERSHIP WITH: ✨ ALLIUM ✨
Where are stablecoins most used?
Allium filters stablecoin volumes for non-economic actions such as inter-group transfers – it turns out that most is outside the US, with 52% in Asia-Pacific and 26% in Europe, the Middle East and Africa.
The leading destinations are South Korea, Indonesia, Mexico and Turkey, places with currency pressure, active remittance corridors, or both.
→ For more, download Allium’s State of Onchain Finance report: https://allium.so/reports/state-of-onchain-finance-q2-26
IN THIS NEWSLETTER
Sony’s stablecoin: the bigger implications
Term of the day: De novo entity
Markets: yikes
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WHAT I’M WATCHING:
Sony’s stablecoin: the bigger implications
Last week, Sony got conditional approval from the OCC for a national trust bank in the US for the express purpose of issuing and managing a dollar stablecoin, with target launch in 2027.
This is not just “another stablecoin” story, not at all. It goes much deeper, on three levels:
