This GPS report examines the rapid evolution of stablecoins and their growing role in the future of money.

Tether Holdings SA has weathered market meltdowns, regulatory troubles and an influx of new challengers. Now the crypto firm is chasing a roughly $500 billion valuation — a towering ambition, even in a private-market era awash with capital.

A fundamentals-based framework to assess the economic activity of a blockchain may help asset allocators in their investment decision-making.

The main section of this Eye on the Market covers stablecoins.

Suvashree Ghosh examines some reasons why it makes sense for Tether not to prioritize the US market.

The world’s leading stablecoin, strengthening U.S. dollar dominance, Treasury markets and global financial inclusion.