Results 151 to 160 of about 1,033 (198)

Contagious Stablecoins?

open access: yes, 2023
van Buggenum, Hugo   +2 more
openaire   +1 more source

Stablecoins

2023
Abstract This chapter introduces the concept of stablecoins such as Tether, DAI, or Ampleforth. It also provides a taxonomy of the different types of stablecoins consisting of (1) traditional asset-backed stablecoins, (2) crypto-collateralized stablecoins, and (3) algorithmic stablecoins and seigniorage shares.
Ingo Fiedler, Lennart Ante
exaly   +4 more sources

Can Stablecoins Be Stable?

open access: yesSSRN Electronic Journal, 2022
This paper provides a general framework for analyzing the stability of stablecoins, cryptocurrencies pegged to a traditional currency. We study the problem of a monopolist platform that can earn seigniorage revenues from issuing stablecoins. We characterize stablecoin issuance-redemption and pegging dynamics under various degrees of commitment to ...
d'Avernas, Adrien   +2 more
openaire   +2 more sources

Designing stablecoins

Mathematical Finance
AbstractExisting cryptocurrencies are too volatile to be used as currencies for daily payments. Stablecoins, which are cryptocurrencies pegged to other stable financial assets such as the US dollar, are desirable for payments within blockchain networks, whereby being often called the “Holy Grail of cryptocurrency.” By using the option pricing theory ...
Min Dai, Steven Kou, Chen Yang
exaly   +3 more sources

Demystifying stablecoins

Communications of the ACM, 2020
Cryptography meets monetary policy.
Jeremy Clark   +2 more
openaire   +1 more source

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