The IMF and stablecoins in Nigeria
plus: China’s digital currency goes international, relief vs trouble, and more
“The most basic question is not what is best, but who shall decide what is best.” – Thomas Sowell ||
Hello everyone, and happy Fed Day! I woke up today convinced it was Friday, it’s been that kind of a week.
“Press Publish” is back! This Friday, June 19th, come join me for a live chat with Izabella Kaminska, author of The Peg and The Blind Spot, about newslettering, media, too much information and more. More details below!
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IN THIS NEWSLETTER
The IMF and stablecoins in Nigeria
China’s digital currency goes international
Markets: relief and trouble
Crypto is Macro Now offers ~daily commentary and updates on the overlap between the crypto and macro landscapes. Plus links and more.
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✨Press Publish with Izabella Kaminska✨
Come and join me and long-time journalist, finance expert and independent thinker Izabella Kaminska on Friday June 19th, at 3pm UK time/10am ET for a live chat about why and how she does what she does: how she manages to produce not one but two excellent newsletters (The Peg and The Blind Spot) while also writing for mainstream media, speaking at events, and juggling a ton of other stuff besides. We’ll touch on her long media career, where she thinks the industry is heading, how she handles the firehose of information, what works for her and what doesn’t, what advice she’d give her younger self, and more.
Again, Friday June 19th, at 3pm UK time/10am ET: https://open.substack.com/live-stream/239917?utm_source=live-stream-scheduled-upsell
WHAT I’M WATCHING:
The IMF and stablecoins in Nigeria
I confess I did not see that coming, at least not so soon.
We’ve long known that the Nigerian crypto market was active, and that there was significant demand for stablecoins given the country’s capital controls, high inflation, sprawling underground economy and scarce access to dollars.
What I didn’t expect was to see the IMF say “yeah, that makes sense”.
