A regulatory and financial stability perspective on global stablecoins
Mitsutoshi M. Adachi, Matteo Cominetta, Christoph Kaufmann, Anton van der Kraaij
202030 citations
Abstract
Stablecoins provide an alternative to volatile crypto-assets. Depending on their asset management function, they may fall under different regulatory regimes or – with certain design features – under none at all. Given their potential size, global stablecoins could pose risks to financial stability. Such arrangements need a robust regulatory framework. JEL Classification: E42, G15, G28
Topics & Concepts
BusinessAsset (computer security)Financial stabilityFunction (biology)Perspective (graphical)Financial systemEconomicsComputer scienceComputer securityEvolutionary biologyBiologyArtificial intelligenceBlockchain Technology Applications and SecurityFinTech, Crowdfunding, Digital Finance