Episode Notes:

As Iran began accepting bitcoin and stablecoins as payment for allowing ships to safely transit through the Strait of Hormuz, Sujit Raman wrote that bitcoin and stablecoins are playing an increasingly important role in how countries and entities evade sanctions. Kerry talks with Sujit about the pros and cons of U.S. dollar-pegged stablecoins for U.S. interests and how Washington could develop policy that strengthens sanctions while benefiting from the expanding global use of stablecoins.

Image: Gage Skidmore via Wikimedia Commons