Automated Market-Making for Fiat Currencies

Alex Lipton and Artur Sepp

Papers from arXiv.org

Abstract: We present an automated market-making (AMM) cross-settlement mechanism for digital assets on interoperable blockchains, focusing on central bank digital currencies (CBDCs) and stable coins. We develop an innovative approach for generating fair exchange rates for on-chain assets consistent with traditional off-chain markets. We illustrate the efficacy of our approach on realized FX rates for G-10 currencies.

Date: 2021-09
New Economics Papers: this item is included in nep-mon and nep-pay
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2109.12196

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