Stablecoins aren’t so stable after all

Norway’s oil fund has slammed “corporate greed” and excessive executive pay, some former Ukrainian officials believe their forces could push Russian troops out before the end of the year, and Jay Powell was confirmed for a second term as chair of the Federal Reserve. Plus, the FT’s Katie Martin explains how cryptocurrencies’ latest meltdown could spill into normal markets like stocks and bonds. 

Mentioned in this podcast:

Norwegian oil fund denounces ‘corporate greed’ over executive pay

Military briefing: can Ukraine push the Russian army from the country?

What happens in crypto may not stay in crypto this time around

Crypto industry shaken as Tether’s dollar peg snaps

Powell confirmed by Senate for second term as Fed chair

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. 

Read a transcript of this episode on FT.com

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