Discussion Paper
Runs on Algorithmic Stablecoins: Evidence from Iron, Titan, and Steel
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.
https://doi.org/10.17016/2380-7172.3121
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2022-06-02
Number: 2022-06-02