Tag: BlackRock
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What Backs Stablecoins Is Not What You Can Redeem
What backs stablecoins, for the largest dollar tokens, is cash and short-dated U.S. Treasury paper held by a custodian bank. That answers the reserve question and only half of what a holder needs. Backing describes what the issuer owns. Redemption…
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Bitcoin Fell 54%, So Why Is BlackRock Still Building?
I keep coming back to one detail in this week’s crypto coverage: the selloff is real, but nobody big is leaving. Key Takeaways
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The Asset That Ate Bitcoin’s Lunch Isn’t Another Cryptocurrency
BlackRock’s head of digital assets said the quiet part out loud this week — and it reframes the entire crypto selloff narrative.