About this desk
You came for a clear read of the stablecoin map. Here is how we work.
Three questions keep arriving from readers. Which stablecoin to hold. Whether the reserves are real. What a depeg actually looks like on the day. The site exists so those questions have a careful answer with sources on every line, instead of an exchange marketing page.
Independent third-party desk · Binance referral disclosed at the foot of every page
The desk: two people, clear split
Wen Lu · Editor and lead writer
Ten years on the trading side. Started in spot crypto in 2015 and moved most of the day-to-day attention onto stablecoins in 2018, around the first round of Tether redemption questions. Two threads run through the work since then: how each token actually creates and burns supply, and where the cross-chain bridges sit on the attack surface.
From 2021 Wen has kept a personal tracking sheet for Tether, Circle and MakerDAO disclosures. The BDO quarterly attestations for Tether, the Deloitte monthly attestations for Circle, the MakerDAO end-of-month collateral snapshots — the file now holds more than 200 entries. Every StableDesk paragraph about "USDT reserves" or "USDC backing" leans on that sheet.
Owns: story selection, the first and final draft of each cornerstone, the cross-chain test transactions, and the wording of the Binance referral disclosure.
Read Wen Lu's articles →
Heng Zhou · Fact-check and cross-border desk
Came from a cross-border payments background. Six years working on the messy edge where banks meet OTC USDT settlement. Has walked through US IRS Form 8949 for two filing seasons (including the wash-sale boundary and how the IRS treats stablecoin-to-stablecoin swaps), the Hong Kong VATP rule set around the SFC, and the Singapore MAS Payment Services Act treatment of digital payment tokens.
Every number, fee figure, attestation date and citation on the site goes through Heng's second read. If a paragraph needs a fresh test transaction or a new disclosure pull, Heng writes the methodology — what to test, what to record, how to bound the error.
Read articles fact-checked by Heng Zhou →
Why we built this
English stablecoin coverage tends to be either the issuer's own press copy or a one-sentence headline that "USDT is rugging" again. The middle ground — read the attestation carefully, run the bridge, read the SEC filing, write what the document says — is mostly empty.
StableDesk sits in that middle ground. We do not chase newsflow on every coin. The focus stays on the same handful: USDT and USDC because they sit under most CEX order books, DAI and the Sky stack because they are the largest crypto-collateralised design alive, FDUSD because it shows what Hong Kong supervision looks like in practice, PYUSD because it is the first major brand-distributed dollar token, and EURC because MiCA changed the European picture.
The site stays small on purpose. Each piece is dated. When the world changes, the corrections page records what we said before and what we say now.
Editorial principles, one line each
Every number is dated and sourced. Every operational claim has an editor-tested transaction behind it. Every risk sits in the first three screens of the article, not at the foot under a wall of disclaimers. Every change to a published number runs through corrections.
The full version — selection, fact-check, revision, risk language — lives on the editorial policy page.
The Binance relationship, disclosed
StableDesk is a Binance Affiliate partner, referral code BN16188. Registering Binance through any link on this site does not add a cent to your fees — the referral service fee comes out of Binance's own marketing budget.
Two things we do to keep the relationship from bending the writing:
- The Binance coverage uses only publicly disclosed material — Proof of Reserves attestations, official announcements, regulatory filings. We do not soften known risk: KYC friction in specific jurisdictions, the BUSD wind-down, the 2023 CFTC and DOJ settlements all sit in plain sight.
- We write at equal length about USDC, DAI, FDUSD and PYUSD even though they sit outside the referral programme. The reader gets the whole shelf, not one product.
Full disclosure on the disclaimer page.
What we do not do
- No price calls. Stablecoins peg to one dollar. Anyone telling you USDT will jump three percent tomorrow has no idea what the asset is.
- No new-coin promotion. Brand new stablecoins, double-digit APY algorithmic designs, anonymous founders — we leave alone. The Luna grave is large enough.
- No paywall, no course, no funnel. Zero gated content, zero "join the Telegram", zero email capture beyond optional corrections updates.
- Not legal, tax or investment advice. The site publishes research and editor-tested operations. It does not know your jurisdiction, your portfolio or your tax position. For a real number, consult a licensed professional locally.