PayPal’s new stablecoin means it can offer payment services and products - PayPal’s USD (PYUSD) represents a significant shift beyond revenue generation, so positioning the company as a key player in the evolving digital economy. This move aims to go beyond conventional payment processing whereby facilitating transactions in emerging areas such as the metaverse and digital equities. PayPal’s new stablecoin means that it can now offer not simply payment services but tangible products that others such as Elon Musk's 'X' can now use and so further shape the digital economy's future.

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Asset tokenisation - DeFi's accessibility, transparency and security offers the promise to transform the financial sector and the way in which we trade assets. It could democratise financial services, especially in areas with few or unreliable financial institutions whilst making global transactions faster and more efficient. The worldwide tokenisation industry is predicted to grow to potentially $68trillion by 2030 as institutions complete their proof of works and scale their digitisation programs.

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Liquidity pools and the DeFi ecosystem - liquidity pools on decentralised exchanges are digital asset collections enabling automated trading on decentralised exchanges. Users trade directly using smart contracts and liquidity pools help make trading smoother, adjusting prices automatically based on the volume of buyers and sellers. Liquidity pools offer other advantages such as improving financial inclusion, can generate a passive income. The future of DeFi and liquidity pools is promising but security, scalability and regulation do need to be addressed.

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Has the Law Commission got it wrong regarding a ‘new, third type of property asset’? Dr Stephen Castell responds to the Law Commission's final report on digital assets, contending that the Commission has erred by proposing a new legal status for digital and crypto assets that is unnecessary and scientifically incorrect. He argues that the Commission's attempt to distinguish between different sets of algorithmic data as a new category of property is a technical fallacy and that existing Common Law can address any legal concerns. Castell warns that the proposed new property status could lead to miscarriages of justice akin to past instances such as PO Horizon, and highlights the Commission's limited understanding of technical nuances in law making.

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