ONCHAIN
Onchain & stablecoins
How does this actually work onchain?
Stablecoins and the rules behind them, tokenized assets, DeFi, exchange security, and how money moves in crypto crime.
News
- If your exchange gets hacked, what happens to your coins?
Digby walks through the Oct 29 Binance hot-wallet theft to show why USDT and USDC can be frozen while ETH and BTC cannot, and what coverage claims mean.
- Your stablecoin dollars earn interest. Who gets it?
Digby follows a USDC dollar from holder to issuer reserves to reserve income and distribution costs, using Circle's Q3 2026 results as filed.