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Stablecoins Are the Internet's Dollar, and Nobody Noticed
Investing··12 min

Stablecoins Are the Internet's Dollar, and Nobody Noticed

Crypto maximalists sold you a revolution and skeptics sold you a scam. Both missed the actual product: dollar-denominated B2B settlement rails that moved about $9 trillion last year and now hold more US Treasuries than most countries.

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Who Actually Wins on Polymarket
Investing··14 min

Who Actually Wins on Polymarket

Polymarket sells itself as the wisdom of the crowd. A working paper out of London Business School and Yale found that 3% of accounts produce most of the price discovery, and the other 97% mostly fund it. Here's who's winning, how, and what changed when ICE put $2 billion in.

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