August 13 2024 |, By, Mesirow Currency Management, Designed to overcome price volatility could stablecoins become a mainstream medium of exchange, Fans tout cryptocurrencies as a new medium of exchange a digital currency to pay for goods and services But cryptocurrencies are volatile and people are reluctant to use them when prices change rapidly Sellers are worried that a cryptocurrency might drop significantly in price right after they make a sale of a good or service while buyers dread a big increase Both can leave a transaction wishing…, Stablecoin category, Stability is maintained by, Examples, Currency-backed Reserves of currencies such as the US dollar or euro Tether USD Coin Commodity-backed Reserves of commodities such as gold PAX Gold Tether Gold Other cryptocurrencies An algorithm that directs the purchase or sale of underlying cryptocurrencies Dai Frax Unbacked Computer programs that buy and sell the stablecoin to match demand and supply TerraClassicUSD Destablecoin HAY Source…, Stablecoin,  , Backing, Value, % of Stablecoin Value, Tether, USDT Currencies mostly US dollar $114523658219 699%, USDC, USDC USD $33105539764 202%, DAI, DAI Cryptocurrencies $5294328701 32%, Ethena, USDE Cryptocurrencies $3196044313 20%, First Digital, FDUSD USD $2016626996 12%          , 965%, Note Value is market capitalization Source coingeckocom July 31 2024 Stablecoin uses Figure 1 presents typical stablecoin uses The largest category is as a trading asset Some traders find the wild swings in cryptocurrency prices advantageous for achieving large profits but the volatility of most cryptocurrencies hampers their use as a medium of exchange The price stability of stablecoins makes…, Step 1, A user deposits currency into Tethers bank account, Step 2,  Tether issues tokens (USDT and sends them to the user’s wallet address (user’s deposited amount less fees, Step 3,  Tether tokens (USDT can then be used by user’s for transactions traded or stored for later use, If the user decides to redeem their USDT into currency then, Step 4,  The user deposits USDT into their Tether account , Step 5,  Tether removes those coins (USDT from circulation Tether is the only party that can take Tether coins into or out of circulation Stablecoin problems Stablecoins might become the dominant form of money but so far there’s no sign of an everyday digital currency Stablecoins are a small segment of cryptocurrencies and cryptocurrencies are an even smaller portion of total net private wealth - less…, Explore more currency insights, Tokenized gold, Tokenized gold works by digitizing ownership of physical gold making it tradeable on a distributed ledger Will investors rush to this 21st century treasure  Read article, US debt is headed to unimaginable levels, Since 1990 debt crises have erupted periodically but the next one may not be so easy to dismiss Is a financial reckoning coming Read article

President signs legislation to regulate payment stablecoins but how stable are they,   August 27 2025 The US readies to take the cryptocurrency plunge Stablecoins a type of cryptocurrency prepare to enter mainstream payments Suddenly the world is taking cryptocurrencies seriously Since July 2024 the market capitalization of stablecoins a type of cryptocurrency has grown 76% from $161 billion to over $280 billion (as of August 27 2025 Giant retailers such as Walmart and Amazon are…, Stablecoin category, Stability is maintained by, Examples, Currency-backed Reserves of currencies such as the US dollar Tether USD Coin Commodity-backed Reserves of commodities such as gold PAX Gold Tether Gold Algorithmically-backed An algorithm that directs the purchase or sale of underlying cryptocurrencies often no collateral AMPL (Ampleforth Other Computer programs that buy and sell the stablecoin to match demand and supply some may use collateral…, Stablecoin,  , Backing, Value (billions, % of stablecoin value, Tether, USDT Currencies mostly US dollar 1671 597%, USDC, USDC US dollar 669 239%, Ethena USDe, USDE Cryptocurrencies synthetic dollar 118 42%, USDS, USDS Mix of US Treasuries overnight repos and cash 78 28%, Dai, DAI Cryptocurrencies 42 15%           922% Note Value is market capitalization | Source https//wwwcoingeckocom/en/categories/stablecoins as of August 22 2025 1230 pm PT   The GENIUS Act We’re from the government and we’re here to help Things are serious – and terrifying as President Reagan intimated – when Congress gets involved In mid-July 2025 the Senate and House of Representatives passed the…, Region, Priority, Infrastructure readiness, Regulatory clarity, United States Institutional integration High High Latin America Cross-border payment Very high Moderate Asia Market expansion and trade High Varies Europe Compliance and security Moderate Very Hight Sources https//wwwfireblockscom/report/state-of-stablecoins/   https//coinlawio/stablecoin-statistics/   https//wwwriseworksio/blog/stablecoin-statistics-from-2025   Have we forgotten TerraUSD…, Explore more currency insights, Spot and forward rates - what they mean and why they matter, Knowing how these rates work when they’re appropriate and their typical uses can lead to smarter financial decisions for importers travelers or investors read article, Are we too dependent on this FX benchmark, FX benchmark prices are critical for global commerce investments and trading but is there a hidden risk in your favorite FX rate READ ARTICLE  

At Mesirow we find value in connectivity — connecting deeply with our clients our authentic connections within the communities we serve and  the connectivity within our employee base In March 2020 the big question loomed how are we going to continue those vital points of connection while separated at our home offices during the course of the pandemic The answer and course for moving forward came…, Addressing basic needs of our neighbors, To address urgent needs in food security the acute needs of small businesses and comprehensive needs of families across Chicago and the suburbs Mesirow has doubled down on existing partnerships with nonprofit agencies such as Chicago Public Schools Foundation Compassion Fund and M etropolitan Family Services We also opened new avenues of funding via matching employee donations to 10 nonprofits…, Lifting up the performing arts community, A passion of many of our clients and employees is the performing arts a sector that has been hit hard with patrons unable to take their seats in auditoriums and fundraisers having come to a screeching halt Partnering with World Business Chicago the city’s economic development agency Mesirow sponsored a virtual 5K run/walk in October that raised critical funding for the Arts for Illinois Relief…, Employees coming together for our communities while apart, Despite not coming together Mesirow’s employee volunteerism and fundraising efforts haven’t stopped We provided 650 notes of hope that were distributed in food packages to Brighton Park families through nonprofit Communities in Schools of Chicago And we worked one-on-one with young job seekers to conduct mock interviews and review resumes via video Our employees look forward annually to…, Shared values, We invite you our clients who we know share our deep values of giving and connecting to find the organization that speaks to you and stay connected in giving this year

Stefi Petkova is an Executive Assistant in Mesirow Institutional Real Estate Direct  Prior to joining Mesirow Stefi served as an Executive Assistant in the Corporate Finance Segment Transactions Practice at FTI Consulting She has over 20 years of executive support experience  Stefi earned a Master of Arts in Industrial Design from the National Academy of Fine Arts in Sofia Bulgaria

Stephanie Feldman is a Managing Director and Wealth Advisor in Mesirow Wealth Management She provides comprehensive financial planning and investment advisory services to individuals families closely held businesses not-for-profit entities and foundations to develop to execute comprehensive wealth management strategies Stephanie has 27 years of industry experience Prior to joining Mesirow in 2013…

Stephen Jacobson is Senior Managing Director and serves as Co-Head of Mesirow Credit Tenant Lease and Structured Debt Products He currently chairs and is a member of the firm’s P3 practice group He is responsible for providing private debt capital raising services for clients seeking high leverage financing primarily for investment grade tenanted commercial and public sector real estate…

Steve Stober is a member of the Financial Reporting Accounting and Operations team with primary responsibility for tax reporting Prior to joining Mesirow in 2015 Steve was a Senior Tax Associate at KPMG LLP He is a Certified Public Accountant (CPA and a member of the Illinois CPA Society Steve earned a Bachelor of Business Administration and a Master of Science in accounting  from the University…

Steven Mesirow is a Senior Managing Director in Mesirow Wealth Management He provides investment advice and financial planning strategies to individuals business owners and charitable organizations that are designed to help accumulate manage and preserve wealth Steven joined the firm in 1993 and has more than 30 years of financial services experience He was recently recognized by Forbes as a 2025…

Steven Perlman is a Managing Director in Mesirow Wealth Management He consistently delivers asset allocation and investment strategies for affluent individuals corporations and institutions Steven joined Mesirow in 1993 and has over 30 year of industry experience Steven is involved in several charitable organizations and serves as a Board Member for B’nai Tikvah Steven earned his Bachelor of…

For business owners and the self-employed frustration with annual tax liabilities is a cornerstone of every spring season as constant and repetitive as April showers But perhaps it doesn’t have to be It’s never too soon to plan for your next tax season, At Mesirow we work with business owners like you to help maximize retirement savings minimize taxes and maintain the flexibility required to productively run your business by implementing custom retirement plan strategies Qualified retirement plans have been around for decades but many business owners don’t realize just how effective they can be for delivering large tax deductions that can…, defined contribution,  , plans , and , defined benefit plans, Defined contribution plans, —more commonly known in the marketplace as , profit sharing and 401(k plans, —are ideal for business owners seeking flexibility and annual discretion These plans provide the ability in profitable years to shelter up to an annual 2025 individual limit of $7000000 and if you are over age 50 additional catch-up contributions can also be made¹ The appeal of a defined contribution program is that the fixed annual commitment is often very manageable and yet the potential to…, Defined benefit plans, on the other hand offer the appeal of considerably larger contributions and deductions Depending on the demographics of the shareholders and employees — age compensation etc — it is not at all uncommon to obtain six-figure tax deductions annually in a defined benefit plan However in exchange for the larger tax and savings vehicle as a business owner you must be comfortable with a less flexible…, cash balance plan, —a specific type of defined benefit plan that is communicated and packaged to employees more like a defined contribution plan While the mechanics on the back end are very much a traditional defined benefit plan the contributions are delivered more like profit sharing contributions so that the employees can more easily digest what they are receiving and what they take with them if they terminate…, Published February 2025, 1  https//wwwtaxnotescom/research/federal/irs-guidance/notices/irs-updates-pension-plan-limitations-2025-tax-year/7my9v Source Mesirow