From Tether to Libra: Stablecoins, Digital Currency and the Future of Money

• Tác giả: Alexander Lipton, Aetienne Sardon, Fabian Schär, Christian Schüpbach
• Ngôn ngữ: eng
• Ký hiệu phân loại: 332.456 Exchange rates
• Thông tin xuất bản: 2020
• Bộ sưu tập: Báo, Tạp chí
• ID: 164541

Tóm tắt

This paper provides an overview on stablecoins and introduces a novel terminology to help better identify stablecoins with truly disruptive potential. It provides a compact definition for stablecoins, identifying the unique features that make them distinct from previously known payment systems. Furthermore, it surveys the different use cases for stablecoins as well as the underlying economic incentives for creating them. Finally, it outlines critical regulatory considerations that constrain stablecoins and summarizes key factors that are driving their rapid development.