I always had an interest in technology and economics. At 14, I launched what became the largest dial-up modem bulletin board system in south Arkansas and was later invited by the local college to test a new tool called the Internet; this involved a lot of staring at a black-and-white screen. I went on to graduate from Hendrix College with a bachelor of arts degree in economics and business.

Today, while I practice medicine as an ophthalmologist, I also work in real estate and am especially interested in how blockchain technology can modernize finance while preserving the core principles on which it is founded. My daughters and I buy, sell, mine, stake, borrow, and lend cryptocurrency, and have executed thousands of crypto transactions. Having lived through the lack of oversight that fueled several catastrophic crypto-related collapses, I have narrowly avoided significant financial losses.

I share these experiences because they shape my perspective as I respond to the recent insightful article "How to make sense of stablecoins" (Arkansas Democrat-Gazette, Sept. 21, 2025). While there is so much to write on this topic, the required brevity of a newspaper article only affords me the space to respond to a few points.

First, to recap, a........

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