Affiliation:
1. Board of Governors of the Federal Reserve System (U.S.)
Abstract
Stablecoins---digital currencies pegged to an external reference (e.g., the US dollar)---play an increasingly important role in transacting digital currencies. However, with a peg to an external reference comes the risk that the peg breaks and, akin to runs on other financial instruments, the risk of a stablecoin run.
Publisher
Board of Governors of the Federal Reserve System
Cited by
2 articles.
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