The Daily Peg
Counterfeit HSBC coins hit Hong Kong's yet-to-be-forged stablecoin market. Plus, swap-line diplomacy is positioning itself as the new gunboat diplomacy.
Editorial hello
The digital money APPG meeting will be convening later today with representatives from the Bank of England. They are expected to set out the Bank’s work on the proposed regulatory regime for systemic stablecoins and the Digital Securities Sandbox (DSS).
Beyond that, the outbreak of swap line developments this past week deserves to be framed in some broader historical context. I’m working on a bigger piece, but in the meantime, here’s a three-part thread that gives you some insight into how I see things evolving:
Izabella Kaminska@izakaminska
🏴☠️1/ If what I think is happening is really happening, then I can make some predictions. Especially about incoming European problems.
But first an important side story, which also relates to the “special relationship”.
What a lot of people don’t know is that when Minos
11:11 PM · Apr 28, 2026 · 22.6K Views
11 Replies · 37 Reposts · 161 Likes
