Discussion Paper
The stable in stablecoins
Abstract: Stablecoins have garnered much attention as a key part of the emerging decentralized finance (or "DeFi") ecosystem, and as a potential way to pay for goods and services. Stablecoins facilitate trades on crypto exchanges, serve as the underlying asset for many crypto loans, and allow market participants to avoid inefficiencies stemming from converting back to fiat currency for crypto trades.
https://doi.org/10.17016/2380-7172.3224
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File(s): File format is text/html https://www.federalreserve.gov//econres/notes/feds-notes/the-stable-in-stablecoins-20221216.html
Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2022-12-17
Number: 2022-12-17