Open USD: The Visa of Stablecoins
An introduction to Open USD, a consortium-led stablecoin with a unique yield-sharing structure.
I write and publish research on stablecoins, payments, and the infrastructure behind the future of money. Selected work below.
Writing
Proof of PegA Primer on Stablecoin Clearing
An introduction to how stablecoin clearing works, framed around The Better Money Company's clearinghouse.
The Exact Playbook Big Banks Are Using to Absorb Stablecoin
How incumbent banks are moving to seize the stablecoin business, absorb the innovation, and shut the gates on fintech.
Polygon's Stablecoin Gambit
How Polygon is building the first vertically integrated open money stack, from issuance down to distribution.
TradFi Will Rule Onchain FX, not Crypto
Why regulated institutions and central banks, not crypto-native players, are positioned to control onchain foreign exchange.
Unsecured Lending Onchain is Hard
Why undercollateralized lending onchain keeps failing to beat the banks at their own game.
Reports
AnvesanThe State of Agentic Payments
A March 2026 map of what is live in agentic payments and how the market is splitting between card-led checkout and machine-native rails.
State of Consumer Stablecoin
A structured view of how consumer stablecoin markets are forming across spend, movement, and access infrastructure.
Stablecoin Funding Landscape
Tracking $10.7B across 157 funding events from 2024 to mid-2026, and why acquisitions now outweigh venture rounds.
Podcast
YouTubeCan ZCash Solve the Stablecoin Privacy Problem?
Whether privacy-focused chains like Zcash can address the transparency problem at the center of stablecoin design.
How Long Until Stablecoins Replace the Fiat Economy?
The timeline and the obstacles between today's stablecoin usage and a broad replacement of fiat.
Why Countries are Racing to Issue Their Own Stablecoins
Why governments are moving to launch sovereign stablecoins and what it means for monetary control.
Why Stablecoins Will Kill SWIFT Banking
How stablecoin rails threaten to displace SWIFT as the backbone of cross-border payments.
About
I write about stablecoins, payment systems, market structure, and the institutions shaping the future of money. The work sits between essay, market analysis, and long-form research.
The goal is clarity: what is live, what is structurally true, what is overstated, and what kind of infrastructure will actually matter when these systems scale.