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Accessibility helpSign InSubscribeFinancial TimesSubscribeSign InHomeWorldWorld HomeMiddle East warGlobal EconomyUKUSChinaAfricaAsia PacificEmerging MarketsEuropeWar in UkraineAmericasMiddle East & North AfricaIran warns it will hit US bases across region hours after president’s apologyIn the centre of the storm: what does the Iran war mean for Dubai?The war of unintended consequencesWe’ll always have DubaiTrump’s war on Iran is spreading. Where does it stop?USUS HomeUS EconomyUS CompaniesUS Politics & PolicyIran warns it will hit US bases across region hours after president’s apologyThe war of unintended consequencesTrump’s war on Iran is spreading. Where does it stop?Donald Trump calls for more US military action in Latin AmericaUS faced with few good options to tamp down surging oil pricesCompaniesCompanies HomeEnergyFinancialsHealthIndustrialsMediaProfessional ServicesRetail & ConsumerTech SectorTelecomsTransportIn the centre of the storm: what does the Iran war mean for Dubai?Is the nightmare scenario for global energy here?Palmer Luckey’s $1bn pitch to reboot 1990s video game consolesUS faced with few good options to tamp down surging oil pricesShips in Gulf declare themselves Chinese to dodge attackTechTech HomeArtificial intelligenceSemiconductorsCyber SecuritySocial MediaPalmer Luckey’s $1bn pitch to reboot 1990s video game consolesUS draws up strict new AI guidelines amid Anthropic clashGoogle gives CEO Sundar Pichai new pay deal worth up to $692mnOracle and OpenAI scrap deal to expand flagship Texas data centreSamsung seeks AI deals to challenge Apple’s smartphone leadMarketsMarkets HomeAlphavilleMarkets DataCryptoCapital MarketsCommoditiesCurrenciesEquitiesMonetary Policy RadarWealth ManagementMoral MoneyETF HubFund ManagementTradingIs the nightmare scenario for global energy here?US faced with few good options to tamp down surging oil pricesBritain is now the home of the Middle ManInvestors are not ready for a true shockA week of war in charts: the impact on the USClimateOpinionOpinion HomeColumnistsThe FT ViewThe Big ReadLexObituariesLettersThe war of unintended consequencesWe’ll always have DubaiIs the nightmare scenario for global energy here?Britain is now the home of the Middle ManAre attention spans really shrinking?LexWork & CareersWork & Careers HomeBusiness School RankingsBusiness EducationEurope's Start-Up HubsEntrepreneurshipRecruitmentBusiness BooksBusiness TravelWorking ItGoogle gives CEO Sundar Pichai new pay deal worth up to $692mnPapier founder: ‘I don’t own stocks or shares — it’s too much risk’Are you financially ‘prepped’ for higher inflation?Couples navigate their new money dynamicsWhy it’s time to end the grim march of the touchscreenLife & ArtsLife & Arts HomeArtsBooksFood & DrinkFT MagazineHouse & HomeStylePuzzlesTravelFT GlobetrotterWe’ll always have DubaiTrump’s war on Iran is spreading. Where does it stop?Palmer Luckey’s $1bn pitch to reboot 1990s video game consolesHereditary peer Lord Mancroft: ‘They don’t care about fox hunting. It’s about us’Marinelli: my 15-year quest to ski the biggest face in the AlpsHow To Spend ItHomeWorldUSCompaniesTechMarketsClimateOpinionLexWork & CareersLife & ArtsHow To Spend ItFinancial TimesSubscribeSign InUnhedged PodcastThe case against stablecoinsIs there anything really new about them?CryptocurrenciesBitcoin and crypto stocks surge amid relief rally for risky assetsTrump’s insistence that ‘we are not going to allow’ banks to undermine crypto legislation also boosts sectorFintechRevolut wins FCA backing for stablecoin testing despite licence limboUK fintech that is still awaiting key lending approvals chosen by regulator to test cryptocurrencyWorld Liberty FinancialWorld Liberty’s stablecoin attacked, Trump-backed crypto group saysCompany says hackers accessed some of its founders’ social media accounts in bid to knock price of tokenGazaTrump’s ‘Board of Peace’ explores stablecoin for GazaProposal to launch cryptocurrency pegged to US dollar comes after cash supply was decimated during Israeli offensiveTechnology sectorThe WhatsApp moment for money is hereThis is the year that stablecoins are becoming part of the mainstream for online and international paymentsChris DixonTether‘What do you do with all that money?’ Tether plots its global expansionOne of crypto’s biggest players has grand plans to deploy its large profitsTetherTether retreats from $20bn funding ambitions after investor pushbackCEO Paolo Ardoino downplays the scale of $185bn stablecoin group’s capital raiseCurrenciesThe Big Read. The stablecoin war: Wall Street vs crypto over the future of moneyBanks say rules governing the digital currency are a risk to financial stability. Are they just trying to stamp out competition?TetherTether scores $5bn windfall as gold price rocketsStablecoin group holds more bullion than many central banks and is one of biggest winners from blistering rallyUS financial regulationDon’t believe the banks lobbying against stablecoinsIssuers should be allowed to pay interest on stablecoins — just as lenders can on dollarsPat ToomeyFintechLex. Stablecoins could shake up global payments — but not with technologyFintechs have touted stablecoins as a way to revolutionise international transfersYear in a word 2025Year in a word: StablecoinsIn spite of efforts to bring it into the mainstream, the cryptocurrency remains one step removed from moneyBryce ElderCryptocurrenciesTether-owned firm sells crypto miner to companies run by its founderStablecoin giant’s Devasini is director of groups that bought Peak Mining from Northern DataFootballLex. Juventus bid battle brings a new meaning to ‘crypto vs fiat’There are good reasons for family scion John Elkann to turn down Tether’s current offerFintechWhy the ‘stablecoin supercycle’ could rewire bankingSome technologists believe more than 100,000 such payment systems could swamp the world within five yearsPatrick JenkinsSportCrypto group Tether submits €1.1bn bid for Juventus football clubAgnelli holding company Exor, the majority shareholder, says the Italian team is not for saleGlobal EconomyWhy the world should worry about stablecoinsDollar-based digital currencies offer benefits for the US, but Britain and the EU are better off resisting themMartin WolfTetherS&P downgrades Tether’s assets to lowest levelRating agency cites rising exposure to high-risk assets and lack of disclosuresTetherFT Alphaville. Tether gets junked by S&PCollateral damagedKlarna ABKlarna launches stablecoin to cut cost of cross-border paymentsDigital token will be aimed at merchants moving large sums and may also be offered to consumersTetherFT Alphaville. Tether, the gold whaleGilty buy associationAgustín CarstensFT Alphaville. Crypto, but government crypto — with Agustín CarstensA podcast cross-promotion postEuropean Central BankRun on stablecoins could force ECB to rethink interest rates, warns top policymakerNew Dutch central bank governor says digital tokens linked to US assets could become ‘systemically relevant’TetherTether eyes €1bn funding deal with AI robotics start-up NeuraCryptocurrency giant seeks to build on sprawling investment portfolio with bet on German humanoid robotics groupJoin us at an FT Live eventFT LiveDigital Assets SummitExplore all eventsHelp CentreContact UsAbout UsAccessibilityCareersSuppliersTerms & ConditionsPrivacy PolicyCookie PolicyManage CookiesCopyrightSlavery Statement & PoliciesShare News Tips SecurelyIndividual SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on XFT ChannelsFT SchoolsPortfolioFT AppFT Digital EditionFT EditAlerts HubBusiness School RankingsSubscription ManagerNews feedNewslettersCurrency ConverterFT Live EventsFT ForumsFT Leaders AcademyMore from the FT GroupFT Editorial Code of PracticeUKSubscribe for full accessHomeWorldMiddle East warGlobal EconomyUKUSChinaAfricaAsia PacificEmerging MarketsEuropeWar in UkraineAmericasMiddle East & North AfricaUSUS EconomyUS CompaniesUS Politics & PolicyCompaniesEnergyFinancialsHealthIndustrialsMediaProfessional ServicesRetail & ConsumerTech SectorTelecomsTransportTechArtificial intelligenceSemiconductorsCyber SecuritySocial MediaMarketsAlphavilleMarkets DataCryptoCapital MarketsCommoditiesCurrenciesEquitiesMonetary Policy RadarWealth ManagementMoral MoneyETF HubFund ManagementTradingClimateOpinionColumnistsThe FT ViewThe Big ReadLexObituariesLettersLexWork & CareersBusiness School RankingsBusiness EducationEurope's Start-Up HubsEntrepreneurshipRecruitmentBusiness BooksBusiness TravelWorking ItLife & ArtsArtsBooksFood & DrinkFT MagazineHouse & HomeStylePuzzlesTravelFT GlobetrotterPersonal FinanceProperty & MortgagesInvestmentsPensionsTaxBanking & SavingsAdvice & CommentHow To Spend ItSpecial ReportsAlphavilleFT EditLunch with the FTFT Globetrotter#techAsiaMoral MoneyVisual and data journalismNewslettersVideoPodcastsNews feedFT SchoolsFT Live EventsFT ForumsFT Leaders AcademymyFTPortfolioFT Digital EditionCrosswordOur AppsHelp CentreSubscribeSign In

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