Neusler Lite
Issue 03

Programmable Money

Stablecoins, tokenized treasuries, and what happens when settlement becomes a software primitive.

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Programmable Money cover

In this issue

  1. Stablecoins Grew Up

    Tomas Alvarez

    From speculative plumbing to a settlement layer with real volume and real supervision.

  2. Tokenized Treasuries and the Boring Revolution

    Lena Vogel

    The most consequential on-chain product looks exactly like a money market fund.

  3. What MiCA Actually Changed

    Nadia Farouk

    A reading of the regime by someone who had to implement it.

  4. Settlement in Seconds, Disputes in Weeks

    Omar Haddad

    Finality is a feature until a customer wants their money back.

  5. The Custody Question

    Hannah Cole

    Keys are bearer instruments, and bearer instruments get stolen.

  6. Interview: A Treasurer Who Moved On-Chain

    Priya Menon

    He runs cash for a mid-sized exporter. He did not do it for the technology.

  7. Stablecoin Rails for Cross-Border Payroll

    Ravi Iyer

    Paying contractors in fourteen countries, and the compliance work underneath.

  8. Smart Contracts Are Just Software, and That’s the Problem

    Devin Rao

    Immutable deployment is a guarantee in both directions.

  9. CBDCs: Three Years of Pilots, One Real Lesson

    Sarah Lindqvist

    The technology worked everywhere. Adoption is a different department.

  10. Who Pays for the Bridge?

    Maya Okonkwo

    Interoperability has a cost, and it has mostly been paid in losses.