What Stablecoins Are—and Aren’t (opens in new tab)

The crypto world, for the most part, is nothing but a giant casino. And that’s being kind. Actual casinos at least have rules. The crypto world is still a largely unregulated Wild West. Most crypto projects lack genuine utility, user adoption, or sustainable value. Some of them are outright scams -- just ask inmates like Daren Li or Sam Bankman Fried. Stablecoins are different.