Results 131 to 140 of about 224 (173)
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This study explores Stablecoins, cryptocurrencies pegged to assets like the US dollar for price stability. It examines mechanisms achieving this stability and the role Stablecoins play in the market, highlighting their informative market capitalization despite low volatility and their surprising lack of correlation with other cryptocurrencies.
Ardit Vehapi, Elhan Tafiili
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Ardit Vehapi, Elhan Tafiili
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SSRN Electronic Journal, 2022
This paper provides a general model of stablecoins, cryptocurrencies pegged to a traditional currency. We characterize the optimal design of a stablecoin protocol that generates seigniorage fees from issuance. We use this framework to assess the ability of various protocol designs to maintain the peg.
Adrien d’Avernas +2 more
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This paper provides a general model of stablecoins, cryptocurrencies pegged to a traditional currency. We characterize the optimal design of a stablecoin protocol that generates seigniorage fees from issuance. We use this framework to assess the ability of various protocol designs to maintain the peg.
Adrien d’Avernas +2 more
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Simulating the MakerDAO Stablecoin
2021 IEEE International Conference on Blockchain and Cryptocurrency (ICBC), 2021We present a computational simulation framework for the single-collateral stablecoin launched by the MakerDAO project. The simulator, called DAISIM, models investors as portfolio optimizers with heterogeneous risk preferences, and incorporates automated order matching and price update mechanisms to determine the DAI price.
Shreyas Bhat +3 more
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Stablecoin Assessment Framework
2021"Les émissions de cryptomonnaies stables (stablecoins) et d’autres cryptomonnaies continuent d’augmenter. Il est donc important d’évaluer les risques que ces innovations présentent pour le système financier. Toutefois, étant donné la nouveauté des cryptomonnaies stables, les autorités se posent encore des questions sur la façon de les analyser et les ...
García, Alejandro +2 more
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The European Journal of Finance, 2020
This paper analyzes the stability of stablecoins and proposes a framework to test for absolute and relative stability of stablecoins.
Lai T. Hoang, Dirk G. Baur
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This paper analyzes the stability of stablecoins and proposes a framework to test for absolute and relative stability of stablecoins.
Lai T. Hoang, Dirk G. Baur
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FEDS Notes, 2022
Stablecoins have garnered much attention as a key part of the emerging decentralized finance ("DeFi") ecosystem, and as a potential way to pay for goods and services. Stablecoins facilitate trades on crypto exchanges, serve as the underlying asset for many crypto loans, and allow market participants to avoid inefficiencies stemming from converting back
Garth Baughman +3 more
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Stablecoins have garnered much attention as a key part of the emerging decentralized finance ("DeFi") ecosystem, and as a potential way to pay for goods and services. Stablecoins facilitate trades on crypto exchanges, serve as the underlying asset for many crypto loans, and allow market participants to avoid inefficiencies stemming from converting back
Garth Baughman +3 more
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Stablecoins: Adoption and Fragility
SSRN Electronic Journal, 2023Stablecoins promise a stable and secure way to park funds in the crypto universe. However, stablecoin issuers are vulnerable to runs triggered by negative information about the quality and liquidity of their reserves, as well as custodial, operational, and technological risks.
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Intelligent Systems in Accounting, Finance and Management, 2023
SummaryWild price fluctuations of cryptocurrencies make it difficult for investors to maintain stable asset values. This study investigates the hedging properties of US dollar (USD)‐pegged stablecoins against bitcoin returns. We analyzed the hedging abilities of the three largest stablecoins—namely, Tether, USD Coin, and Binance USD—using the dynamic ...
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SummaryWild price fluctuations of cryptocurrencies make it difficult for investors to maintain stable asset values. This study investigates the hedging properties of US dollar (USD)‐pegged stablecoins against bitcoin returns. We analyzed the hedging abilities of the three largest stablecoins—namely, Tether, USD Coin, and Binance USD—using the dynamic ...
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The stablecoin era: The history and future of stablecoins
Journal of Payments Strategy & SystemsA new era of stablecoins and digital money has appeared. Stablecoins have demonstrated product-market-fit and real-world demand for cross-border payments activity. Importantly, they have also broken the link between crypto prices and payments volume growth.
David G. W. Birch, Simon Taylor
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