A regulatory and financial stability perspective on global stablecoins
Mitsutoshi M. Adachi, Matteo Cominetta, CHRISTOPH R. KAUFMANN, Anton van der Kraaij · 2020
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