Research archive
Treasury
- Accounts & Keys
- Activitypub
- BizTechTrends
- ChipprAGI
- Custody & Multisig
- Custody & Settlement
- Dust&Hash
- Earning & Yield
- Fairwins
- Finance Professional Series
- fukuii
- Gasless Rails
- Identity & Access
- Knowledge Base
- Metaverse
- Money, Yield & Markets
- Payments & Markets
- Research
- SpaceTech
- Wallet & Keys
- Zero Knowledge
-
Tokenized Cash as the Unit of Settlement: What a Stablecoin Actually Is on the Books
When an application settles in “dollars,” a finance professional asks the right question: a claim on what, held by whom, redeemable how? A bank deposit, e-money, a money-market share, and…
· 7 min read