Decentralized finance, crypto and CBDCs

• PYUSD: What PayPal’s new stablecoin is and isn’t

• Hashed timelock contracts are credit

• Automated liquidity still depends on funding

• A bridge too far: the BIS on ledger fragmentation

• Tokens of my affection: In search of clarity on a difficult term

• The regulated liability network

• Tornado Cash: DeFi is playing a losing hand

• Three big ideas for tokenized finance

• On fragile finance

• Plumbing for tokenized finance

• Division by zero: Terra offers some simple crypto lessons

• Stablecoins are banks

• Atomicity

• IOSCO’s DeFi Report

• The collapse of Libra

• Continuous payments

• Flattening the monetary hierarchy

• Crypto and the survival constraint

• The tokenization thesis

• Why blockchain? In search of monetary use-cases

• The Fed’s CBDC paper: A balance-sheet framework

• JPM Coin

• The Hummingbird Project

• Project Jura

• Balance sheet as a service

• Outlines of platform finance

• Regulating DeFi

• Stablecoin report

• Crypto monetarism

• Stablecoins and DeFi: Banking for unattended contracts

• Pyth, LIBOR and cash-settled derivatives

• Banking without liabilities

• Multicurrency CBDC

• Smart contracts for monetary policy?

• The Poly Network heist

• Minsky and DeFi: centrality and discretion

• Stablecoins and payment areas

• Cash-settled derivatives

• Central bank digital currencies: corner cases

• Network congestion

• Tether: On par

• Bullish calls it

• Binance stock tokens: name that tune

• E-krona

• Coinbase

• Stablecoins: It’s cheaper to pretend

• CBDCs