Stablecoins are cryptocurrencies that are pegged to real-world assets such as the U.S. dollar. They offer users the benefits ...

In particular, the rise of stablecoins pegged to the US dollar is reshaping the global currency competition landscape.

Dan Dolev, a senior analyst at Mizuho Americas, joins WSJ’s Take On the Week to discuss stablecoins, their potential to disrupt Visa and Mastercard, their implications for international money ...