The Intelligence from The Economist
Buck off: US pauses Ukraine aid
Mar 4, 2025
Shashank Joshi, defence editor at The Economist, discusses the repercussions of the U.S. halting military aid to Ukraine and its impact on ongoing negotiations and military resilience. Carla Supirana takes listeners through Istanbul's Grand Bazaar, revealing how stablecoins are used for trading amidst the vibrant market. Alexandra Sewitch-Bass highlights the Louvre's inaugural fashion exhibition, merging historical art with contemporary style to draw in new audiences. These discussions uncover critical intersections of geopolitics, finance, and culture.
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Quick takeaways
- The pause in U.S. military aid to Ukraine risks altering battlefield dynamics, affecting both immediate military operations and long-term strategies.
- In Turkey, stablecoins are increasingly utilized for transactions, showcasing a shift towards digital currencies as a response to economic instability.
Deep dives
The Shift to Stablecoins in Turkey
Stablecoins are gaining popularity in Turkey as individuals seek to manage their savings amidst economic instability. People in Turkey are increasingly using stablecoins, like Tether, as a means to store value and facilitate transactions, bypassing the inefficiencies of traditional banking. For instance, local shopkeepers in the Grand Bazaar utilize stablecoins to pay suppliers efficiently, demonstrating their practical applications in everyday commerce. This trend reflects a broader movement in developing countries where soaring inflation drives citizens toward more stable financial instruments.
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