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Peirce said crypto vaults still can involve a manager cover

Policy

Peirce said crypto vaults still can involve a manager

A vault is not a legal category. It is a control model. Peirce's statement on crypto vaults and lending strategies warns that onchain yield activity can still fall inside federal securities law when someone performs essential choices.

IMF: most stablecoin volume is not household payments cover

Policy

IMF: most stablecoin volume is not household payments

The IMF separates total stablecoin volume from payment-related flows and compares payment benefits with currency substitution, capital-flow, reserve, and policy risks. A cheaper remittance still imports the issuer, the freeze rule, and the foreign reserve.