Tempo and permissionless: words matter

plus: China's gold, Tether's gold, inflation expectations, yields and a lot more

“Vast ills have followed a belief in certainty.” – Peter L. Bernstein ||

Hi everyone, I hope you’re all doing well! Best of luck to all my readers in London today who struggle to get to work amid yet another Underground strike.

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For more information: www.allium.so.

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IN THIS NEWSLETTER:

• Tempo and permissionless: words matter

• Macro-Crypto Bits: inflation expectations, yields and easing, Tether and gold

• Also: China + gold, BRICS, old/new cash, Hong Kong stablecoins and more

If you’re not a premium subscriber, I hope you’ll consider becoming one! You get ~daily commentary on markets, tokenization, regulation and other signs that crypto IS impacting the macro landscape. As well as relevant links and music recommendations ‘cos why not.

WHAT I’M WATCHING:

Tempo: words matter

A month ago, I wrote about reports that Stripe was building a layer-1 blockchain specifically for payments. On Friday, we got confirmation and more details from the involved teams, as well as insight into the strategy roadmap.