Closing the Gap: The Regulatory and Structural Maturation of Digital Assets

Digital assets are reshaping global finance as institutions adopt regulated crypto infrastructure, stablecoins, and tokenized assets...

Stablecoins: Always-On Money Needs Always-On Controls

Stablecoins are becoming the money layer for the always-on economy...

The Asset Layer of the Web: Tokenization Is Becoming Finance’s New Backend Infrastructure

Crypto’s public image lagged reality. Stablecoins, tokenization, and regulation now power a blockchain backend settling global finance at institutional scale...

Stablecoins: Fundamentals, Emerging Issues, and Open Challenges

Stablecoins, with a capitalization exceeding 200 billion USD as of January 2025, have shown significant growth, with annual transaction volumes exceeding 10 trillion dollars in 2023 and nearly doubling that figure in 2024. This exceptional success has attracted the attention of traditional...

SoK: Stablecoin Designs, Risks, and the Stablecoin LEGO

Stablecoins have become significant assets in modern finance, with a market capitalization exceeding USD 246 billion May 2025. Yet, despite their systemic importance, a comprehensive and risk-oriented understanding of crucial aspects like their design trade-offs, security dynamics, and...

‘Stablecoins’ Enabled $40 Billion in Crypto Crime Since 2022

A new report from Chainalysis finds that stablecoins like Tether, tied to the value of the US dollar, were used in the vast majority of crypto-based scam transactions and sanctions evasion in 2023...

Incorrect calculation of totalSupply(), balanceOf() in rUSDY.sol if the rate is unlinked from $1

Lines of code Vulnerability details Impact In rUSDY.sol, the functions totalSupply, balanceOf are calculated. totalSupply : function totalSupply public view returns uint256 return totalShares oracle.getPrice / 1e18 BPSDENOMINATOR; balanceOf : function balanceOfaddress account public view returns...

Nick Weaver on Regulating Cryptocurrency

Nicholas Weaver wrote an excellent paper on the problems of cryptocurrencies and the need to regulate the space--with all existing regulations. His conclusion: Regulators, especially regulators in the United States, often fear accusations of stifling innovation. As such, the cryptocurrency space...

HARDCODED PRICES FOR STABLECOINS

Lines of code Vulnerability details Impact Hardcoded prices of stablecosins may open some arbitrage opportunities and produce many bad loans in CLM. Proof of Concept Hardcoding price of cUSDT and cUSDC as 1 may open some arbitrage opportunities when real price for each token is a little bit...

Hardcoded cUSDT and cUSDC prices are dangerous to the system when those stablecoins depeg

Lines of code Vulnerability details Proof of Concept function getUnderlyingPriceCToken ctoken external override view returnsuint address underlying; //manual scope to pop symbol off of stack string memory symbol = ctoken.symbol; if compareStringssymbol, "cCANTO" underlying = addresswcanto; return...

Vault.balanceOfThis values all tokens equally

Handle cmichel Vulnerability details The Vault.balanceOfThis function values all tokens equally. They are normalized to 18 decimals and then simply added up: for uint8 i; i tokens.length; i++ address token = tokensi; // adds up different tokens here, treating them as exactly equal value 1.0 A = 1...