By Scott Cunningham · May 14, 2026 · 14 min
Stablecoins, CBDCs, and the Future of Digital Money
Stablecoins are one of the most useful parts of crypto, but also one of the least understood. This paper breaks down fiat-backed, crypto-backed, algorithmic, commodity-backed stablecoins, and CBDCs to explain how they work, where the risks are, and why the future of digital money is really a fight over trust, control, liquidity, and financial sovereignty.