Usage et régulation des stablecoins dans les paiements

Xavier Lavayssière

Revue d'économie financière, 2023, vol. N° 149, issue 1, 191-204

Abstract: Stablecoins offer open and global payment infrastructure. Their model and the underlying technology have inspired numerous private and public initiatives. However, regulating them as instruments of payment requires striking a certain balance. This paper analyzes the current state of stablecoins and their potential evolution by proposing two ways they could be regulated. The first is to turn to incremental frameworks. Stablecoins are emerging ventures, which have not been widely adopted and whose technology lacks maturity, but which have the potential to reach systemic significance. The second is to establish specifically technological frameworks. Stablecoins rely on infrastructure that is shared with peripheral intermediaries. The best way to safeguard the integrity of payments and to protect consumer interests requires creating tailored regulation with revamped and diversified responsibilities. Classification JEL: E42, K02.

JEL-codes: E42 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOFI_149_0191 (application/pdf)
http://www.cairn.info/revue-d-economie-financiere-2023-1-page-191.htm (text/html)
restricted

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:refaef:ecofi_149_0191

Access Statistics for this article

More articles in Revue d'économie financière from Association d'économie financière
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().