The Daily Peg
NYFed researchers turn their attention to synthetic stablecoins and their reliance on continuous liquidity in derivatives markets as well as constant positive funding rates.
Editorial hello
If you missed the inaugural edition of Monetary Forces — Noelle Acheson and my first outing in our new podcast series — you can catch it below. We run through a handful of stories that caught our eye today before diving into the BIS’s latest report on stablecoins.
In other news, Tether has apparently recruited not one but two lobbyists in Brussels in anticipation (I presume) of the European Commission officially consulting industry participants on whether its MiCA framework remains fit for purpose.
