In search for stability in crypto-assets: are stablecoins the solution?


The paper proposes a novel taxonomy of stablecoin based on differnet functions. The analysis of different types of stablecoins shows a trade-off between the novelty of the stabilisation mechanism used in an initiative (from mirroring the traditional electronic money approach to the alleged introduction of an “algorithmic central bank”) and its capacity to maintain a stable market value.

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Thursday, August 1, 2019
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