Bitcoin was launched in 2009, and more than seventeen years later it has evolved from a niche experiment into a globally recognized financial asset. Over that time, Bitcoin has steadily gained credibility as its network has proven resilient across multiple market cycles, regulatory scrutiny, and periods of extreme volatility. Today, Bitcoin is increasingly viewed not just as a speculative instrument, but as an asset earning its place within modern portfolio allocation. The Hi

While stablecoins are often grouped together under a single label, not all stablecoins are built the same. They differ meaningfully in how they maintain their peg, the assets that back them, and the regulatory standards they operate under. Some are fully backed by cash and short-term government securities, while others rely on on-chain collateral or algorithmic mechanisms that introduce additional layers of complexity. These design choices matter. The engineering behind a sta

The crypto industry has expanded rapidly in recent years, attracting new sources of capital and a broader range of market participants. ETF issuers, digital asset treasuries, exchanges, service providers, family offices, and high-net-worth individuals are increasingly active in digital asset markets, each with unique liquidity and execution needs. This growing institutionalization has created strong demand for professional market infrastructure, positioning OTC desks like Era

When evaluating monetary assets, salability is often assessed across two key dimensions: time and space. Salability across time refers to an asset’s ability to preserve value over long periods, maintaining purchasing power rather than eroding through dilution or decay. Salability across space reflects how easily and efficiently an asset can be moved between counterparties or jurisdictions, including the costs, frictions, and risks involved in transfer. These two properties

Stablecoins emerged in the mid-2010s as a solution to one of crypto’s challenges: volatility . While early digital assets proved the viability of blockchain networks, price instability limited their usefulness for payments, settlement, and treasury management. Over time, stablecoins evolved into a core piece of digital financial infrastructure, offering blockchain-native assets that maintain stable value while retaining the speed and flexibility of crypto rails. Today, stable