Stablecoins & Markets
Kim Min-jun
Coverage focuses on reserves, redemption and the flow of money through digital-asset markets.
View articlesExplainers & Analysis
Who Regulates a Stablecoin?
The issuer, the service and the customer's market can fall under different rules and authorities.
The Travel Rule: What Travels With a Crypto Transfer?
The payment moves on a network. Required sender and recipient information is a separate data process.
Tokenized Treasury Funds: What Investors Hold
A token can represent a fund share—not a Treasury bill in your wallet and not a payment stablecoin.
How Stablecoin Issuers Make Money
Follow the reserve income, distribution costs and interest-rate exposure behind the stablecoin issuer business.
How Crypto Cards Turn Tokens Into Merchant Payments
A card funded with stablecoins does not mean the shop receives a blockchain transfer.
Where DeFi Lending Yields Come From
Borrower interest can fund supplier returns. A quoted rate is neither fixed nor a guarantee of withdrawal.
Tokenized Deposits and Stablecoins: The Difference
A digital token does not tell you who owes the money. Start with the claim behind it.
Who Controls a Smart Wallet?
Look beyond the login screen: signing rules, recovery powers and upgrades determine control.
Paying Suppliers in Stablecoins: Invoice to Settlement
Agree the asset, network and final amount before treating a wallet transfer as a paid invoice.
How Banks Hold Digital Assets for Clients
Custody is about authority, records and recovery—not simply putting a key in a vault.
USDT and USDC: Reserves, Redemption and Access
Both target the dollar. Their disclosures, issuer accounts and routes back to cash need separate checks.
Choosing a Network for Stablecoin Transfers
Start with the recipient's supported asset and network. Compare speed and fees only after that.
MiCA and Stablecoins: A Guide to the EU Framework
Token categories, issuer permissions and service-provider authorizations answer different questions.
Stablecoin Supply: What It Says About Crypto Markets
More tokens outstanding can mean more potential liquidity. It does not prove what holders will do next.
Native and Bridged Stablecoins: What Changes?
Trace native and bridged stablecoins through lock-and-mint and burn-and-mint diagrams, dependencies and deposit checks.
The Full Cost of a Cross-Border Stablecoin Payment
A complete payment-cost model, worked examples and World Bank data for comparing what the recipient really receives.
Why Crypto Companies Still Need Bank Accounts
An onchain business can still have offchain bills, reserve assets and customers who need cash.
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.
