Unhedged · Financial Times & Pushkin Industries
The case against stablecoins
March 5, 2026·27 min·2 clips
A banking expert reveals the uncomfortable truth about what stablecoins really are.
As heard by us
A sharp case for why stablecoins still depend on old-fashioned supervision.
This Unhedged episode treats stablecoins as a practical test of whether crypto-flavored dollars can borrow the trust of bank money without the same safeguards.
Why you'd press play
You want the cleanest case against letting stablecoins wear a bank's dollar costume.
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