Internet Money: The Rise of Stablecoins (Paperback or Softback)

Money now moves at the speed of the internet. This is the story of how.

Every payday, Filipino workers in Singapore send money home, paying fees that swallow up to eight percent of every transfer. A stablecoin does the same job in seconds, for pennies.

Internet Money is the story of how dollar-pegged tokens became the fastest-growing financial infrastructure on earth: settling trillions of dollars a year across borders, and used by everyone from migrant workers in Dubai to corporate treasurers at Fortune 500 companies. Kenneth Bok traces the builders constructing the new rails, the regulators racing to contain them, from the GENIUS Act to MiCA to Asia's new frameworks, and the contest between the United States, Europe, and Asia for control of the future of money.

With a foreword by Alex Manson, CEO of SC Ventures, and endorsements from leaders at Circle, Coinbase, OCBC, StraitsX, and CMT Digital.

PRAISE FOR INTERNET MONEY

“A compelling narrative that bridges technology, economics, geopolitics, and public policy.” (Dante Disparte, Chief Strategy Officer & Head of Global Policy, Circle)

“The definitive guide for banks, corporates, and institutional investors navigating the rise of stablecoins.” (Dr. Steven Hu, Managing Director, Head of Digital Assets, Global Markets, OCBC)

“Finally, a book that sees stablecoins from a uniquely Asian perspective.” (Richard Turrin, author of Cashless: China's Digital Currency Revolution)

Whether you are a policymaker, a banker, an investor, or simply curious about where money is heading, Internet Money is the clearest map of the transformation underway.

Kenneth Bok is the author of Decentralizing Finance (Wiley, 2024) and digital assets lead at SC Ventures, the innovation and ventures arm of Standard Chartered. A former Goldman Sachs trader and early Ethereum investor, his career spans traditional finance and digital assets. He is based in Singapore.