Stablecoins - a gateway between conventional and crypto financial universes?

Alexis Derviz ()

A chapter in CNB Global Economic Outlook - March 2020, 2020, pp 12-16 from Czech National Bank, Research and Statistics Department

Abstract: Stablecoin is a digital token designed to serve as a digital currency with a stable fiat value, as a rule thanks to pegging to or backing with, one or several conventional assets. Most stablecoins are blockchain-based, which makes it easy for investors to trade them on crypto exchanges. In this article, we discuss the nature of stablecoin links to traditional finance, various motives for stablecoin demand as well as the place of central bank digital currencies (CBDC) in the crypto asset ecosystem in the presence of private stablecoins.

Date: 2020
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Citations: View citations in EconPapers (2)

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