Stablecoins & Markets
Kim Min-jun
Coverage focuses on reserves, redemption and the flow of money through digital-asset markets.
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The Brief
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Ripple National Trust Bank Gets Final OCC Approval for RLUSD Reserves
Ripple National Trust Bank won final OCC approval on October 26, 2026 to manage RLUSD's reserves.
HSBC RedCoin Goes Live on PayMe as HSBC's HKD Stablecoin
HSBC's HKMA-licensed Hong Kong dollar stablecoin, RedCoin (RCHKD), went live on PayMe on October 23, 2026.
Canada Publishes Draft Stablecoin Regulations: Three-Day Redemption, 1% Fee Cap
Canada's draft stablecoin rules: redemption within three business days, a 1% fee cap and no yield for holding.
How Digital Money Works
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Tokenized Deposits and Stablecoins: The Difference
A digital token does not tell you who owes the money. Start with the claim behind it.
The Full Cost of a Cross-Border Stablecoin Payment
The full cost of a cross-border stablecoin payment, with a cost model, worked examples and World Bank data.
What Happens When You Redeem a Stablecoin?
Selling a token and redeeming it with its issuer are different transactions. Here is where the dollars come from.
Inside the Stablecoin
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Stablecoin Liquidity Pools: How Swaps and LP Risk Work
How stablecoin liquidity pools price swaps, change an LP's token mix and concentrate depeg risk.
Stablecoin Reserve Attestations: A Reader's Guide
Read a stablecoin reserve attestation by its date, scope, asset categories and opinion without overclaiming.
EURC and Euro Stablecoins: Networks, Fees and Redemption
How to send EURC: match the token and network, keep gas funds, and understand MiCA redemption.
Money in Motion
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How Businesses Accept Stablecoin Payments
Choose a stablecoin payment route, define confirmation and refund states, and reconcile every order.
Stablecoin Payment Confirmations and Finality
Learn how pending, confirmed and finalized stablecoin transfers differ across Ethereum and Solana.
Stripe Stablecoin Refunds: Wallets, Amounts and Status
Where Stripe stablecoin refunds go, how partial amounts add up and what the saved status actually establishes.
The Reading List
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Bank Capital vs Liquidity: What Each Buffer Does
Capital absorbs losses. Liquidity meets cash outflows. A bank can have enough of one and still run short of the other.
ERC-20 Token Allowances: What Stablecoin Users Approve
Understand ERC-20 approvals, unlimited allowances, permit signatures and how to revoke stablecoin access.
Stablecoin Sent to the Wrong Network: What Can Be Recovered?
Wrong-network stablecoin transfers may be recoverable only when you or a supporting custodian controls the destination.
Delivery Versus Payment: How Securities and Cash Settle
Delivery versus payment links securities to cash. Compare DvP models, finality and what can still fail.
GENIUS Act Explained: What the US Stablecoin Law Requires
The GENIUS Act limits who may issue a US payment stablecoin and sets reserve, redemption and disclosure rules.
USDC on Solana: Mint, Token Accounts and SOL Fees
How native USDC works on Solana: verify the mint, understand token accounts, keep SOL for fees and avoid network errors.
