Bluechip advisor Alex Tabarrok of George Mason on the SVB collapse

Yes, the old saying is true: The power to tax is the power to destroy. But you know what else the power to tax is? It’s the power to run a decent monetary policy. If you’re looking for a monetary system that offers low, stable rates of inflation, you’ll be looking for a system that has both a stable supply of money and a stable demand for that same money. You need both for stability—not just one. And a government’s power to tax—to use the threat of force to extract wealth from a nation’s citizens—can help solve both problems.

Non-profit organization Bluechip launched a stablecoin rating platform to assess the safety and risks associated with popular stablecoins. The platform offers letter-grade ratings for 15 initial stablecoins, with BUSD, LUSD, PAXG and GUSD getting an "A" rating, while USDD gets an "F".

Bluechip is a nonprofit dedicated to evaluating stablecoin safety and giving letter grade ratings to the most important stablecoins, provided to the public at no cost.