Who Controls Stablecoins? | How They’re Issued, Who Profits, and Why They Matter

Stablecoins sit at the centre of the crypto market — but very few people understand who actually controls them, how they’re issued, or where the money really flows.

In this deep dive, we break down how stablecoins came to exist, who owns and operates the major issuers, and how decisions around minting, reserves, and redemptions are actually made. We look at the real numbers behind stablecoin profits, how issuers invest user funds, and why holders don’t automatically earn yield unless they take additional risk.

We also explain how stablecoins interact with Bitcoin and other cryptocurrencies, why traders prefer them over cashing out to banks, and answer a common real-world question: why converting Bitcoin to a stablecoin often makes more sense than selling directly into fiat on platforms like Nexo.

This episode keeps things grounded, example-driven, and practical — no hype, no theory for theory’s sake — just a clear explanation of one of the most powerful pieces of infrastructure in crypto.

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