Explainers
Stablecoin Settlement vs Card Rails: The Real Gap
Card networks authorize in seconds but settle over days. Stablecoin settlement collapses that gap, with tradeoffs card rails spent 50 years solving. Here is the real comparison.
stablecoins
Explainers
How Enterprise Stablecoin Settlement Providers Work
Enterprise stablecoin settlement providers move value as tokens but still touch banks, FX, and compliance at the edges. Here is what sits between a dollar in and a dollar out.
Press & News
MiCA's Next Challenge: Turning Regulatory Clarity Into Market Visibility
Before recalibrating a threshold, check how the metric is computed. Allium's September 2026 response to the European Commission's targeted consultation on the review of MiCA, and what independent onchain data can and cannot tell a supervisor.
Explainers
How Banks Integrate Stablecoin Payments
Banks have four real paths to stablecoin payments, and the decision that matters is not which chain you pick but how you reconcile onchain transfers against your core ledger.
Explainers
USDC and the Circle Stablecoin, Measured Onchain
USDC is the second-largest stablecoin onchain, but the number you cite depends on whether you count bridged copies as real dollars. Here is how the Circle stablecoin is measured.
Explainers
Tether (USDT): How the Largest Stablecoin Works
USDT is the largest stablecoin in circulation by a wide margin. Here is how the Tether stablecoin is structured, what backs it, and why the way you count its supply changes the number you report.
Explainers
MiCA and Stablecoins: What the Rules Require
MiCA governs stablecoins in the EU through two token categories, each with its own reserve, redemption and reporting duties. Here is what the rules actually demand.
Explainers
Onchain Proof of Reserves: The Double-Count Trap
Onchain proof of reserves is powerful for verifying token supply and wallet balances directly, but it stops at the bank door. Here is the line between what you can check yourself and what still needs an attestation.
Explainers
Is XRP a Stablecoin? No, and Here's the Difference
XRP is not a stablecoin. Its price floats with the market, while the token pegged to the dollar in Ripple's ecosystem is RLUSD. Here is the clean distinction.
Explainers
How to Prove Stablecoin Collateral: Reserves vs Onchain
Proving a stablecoin is fully backed means reconciling two separate ledgers: the reserves an issuer holds off-chain and the tokens circulating onchain. Here is what each proof covers and where they fall short.
Explainers
Stablecoin Depeg: Why a Dollar Slips Off a Dollar
A stablecoin depeg is rarely a single event. It is a chain of redemption pressure, liquidity gaps and onchain flows that show up in the data before the price does.
stablecoins
Stablecoin Data on the Bloomberg Terminal: What RWAS <GO> Shows
Bloomberg launched a stablecoin dashboard on the Terminal powered by Allium data. What it covers, how often it updates, and why supply figures differ by $44B.