May 17, 2026
Small Countries. Big Stablecoin Questions.
All eyes are on yields and who gets the float. Quietly, small countries are asking different questions entirely.
Policy Commentary
I write at Byteisha on Substack on the future of money, data, and the technologies reshaping both.
Disclaimer: All views expressed here are strictly my own and do not reflect those of any institution, employer, affiliate, or organization I am associated with. This blog is a personal project and has no connection to my professional responsibilities.
Latest Notes
All notes → May 21
It’s World Tea Day. So let me pour you some. The European Commission just launched a formal review of MiCA – the EU’s landmark crypto regulation that only came into full effect in December 2024. Seventeen months in and…
View on Substack → May 20A new U.S. Executive Order signed today asks a simple question: should non-bank fintechs get direct access to Federal Reserve payment accounts? Simple question. Enormous implications. Every emerging market regulator…
View on Substack → May 17The stablecoin debate is loud in Washington. It’s quieter but equally interesting — in Bishkek and Ngerulmud. Give it a read!
View on Substack → May 14The US says payment stablecoins cannot pay yield. Singapore and Europe say nothing of the sort. Paxos issues USDG under MAS in Singapore. The reserve earns interest. The rulebook is different. Jurisdiction is not a…
View on Substack →Latest Posts
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May 8, 2026
A 20-Hour Flight Into the Future of Money
What Kyrgyzstan's three stablecoins tell us about the emerging nature of money.
May 8, 2026
Same Coin. Whose Rules?
The European Union and the United States both examined stablecoins and took action. What similarities and differences did they observe?
April 30, 2026
Stable. Coin. Neither.
The name promises a digital dollar you can use anywhere, instantly, for anything. The reality is more complicated. Let's start from the beginning.
April 18, 2026
Pen. Paper. Timer. Exam Time Again.
Turns out, a tier two city in India and Harvard were always heading to the same room.
April 12, 2026
What My Sunday Calls Home Made Me Think About Cash Transfers
The neighbor with the hatchback is on the beneficiary list of a cash transfer program. The day laborer stopped showing up. The economics are more interesting than the gossip.
