Latest from JP Koning
The Race for Stablecoin Transparency
Stablecoins have been improving their reporting on reserves, but transparency makes an already difficult business model more complicated to execute, says our columnist.

If Stablecoins Cause Instability, Regulators Have Themselves to Blame
Pseudonymity is a key reason for the emergence of the $110 billion stablecoin market. If regulators are worried about financial stability, they should have some KYC controls.

Circle Isn't Winning the Stablecoin Transparency Race
Stablecoin projects increasingly compete on transparency. Circle's two-month-old data on "approved investments" leaves something to be desired.

El Salvador Adopts Bitcoin: Hype or History in the Making?
What does it mean for a country like El Salvador to adopt bitcoin as "legal tender"? It depends on whom you ask, says our columnist.

Why Selling a Tesla for Bitcoin Makes Even Less Sense Now
Tesla's plan to sell cars for bitcoin may have hastened a government anti-money laundering crackdown, says our columnist.

MakerDAO on Collision Course With Banking Regulators
As MakerDAO rolls out real estate loans, banking regulators are unlikely to ignore DeFi banks, our columnist says.

Tether's Report Card Offers Less Detail Than Rivals'
Our columnist compares how the company behind the leading stablecoin (USDT) attests to its reserves and how its competitors do it.

You’re a Lemon if You Buy a Tesla With Bitcoin
Should you purchase a car with bitcoin and then need a refund, the manufacturer has some special terms and conditions.

Can Decentralized Stablecoins Stabilize?
Efforts to create decentralized stablecoins outside the dollar system are attractive for privacy reasons but may be impractical, says our columnist.

Regulation Could Actually Help Tether
DeFi has cut into Tether's dominance of the stablecoin market. Will greater regulation help win back customers?
