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Research Library

Peer-reviewed and institutional research on stablecoins, summarized and indexed by construct.

Papers
33
Constructs
9
Years covered
2019–2026
Top-tier journals
8
Paper Venue Year
Anchoring trust in money: innovation beyond stablecoins Bank for International Settlements BIS Annual Economic Report 2026, Chapter III 2026
Stablecoins and Fragility in Fixed Exchange Rate Regimes Brandon Joel Tan IMF Working Paper WP/26/144, Western Hemisphere Department 2026
Essays in International Finance Julian Fernandez Mejia None Top-tier journal 2024
High-level Recommendations for the Regulation, Supervision and Oversight of Global Stablecoin Arrangements Financial Stability Board Financial Stability Board 2023
Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCA) European Parliament and Council of the European Union Official Journal of the European Union 2023
Regulatory regime for systemic payment systems using stablecoins and related service providers Bank of England Bank of England Discussion Paper 2023
Silicon Valley Bank bankruptcy and Stablecoins stability Luca Galati, Francesco Capalbo International Review of Financial Analysis 2023
What Keeps Stablecoins Stable? Richard K. Lyons, Ganesh Viswanath-Natraj Journal of International Money and Finance (NBER WP 27136) Top-tier journal 2023
A Luna-tic Stablecoin Crash Harald Uhlig NBER Working Paper 30256 2022
Application of the Principles for Financial Market Infrastructures to stablecoin arrangements CPMI, IOSCO CPMI-IOSCO (BIS) 2022
Can Stablecoins Be Stable? Adrien d'Avernas, Vincent Maurin, Quentin Vandeweyer Working paper (Becker Friedman Institute / SSRN) 2022
Cryptocurrencies and Decentralized Finance (DeFi) Igor Makarov, Antoinette Schoar Brookings Papers on Economic Activity (NBER WP 30006) Top-tier journal 2022
Leverage and Stablecoin Pegs Gary B. Gorton, Chase P. Ross, Sharon Y. Ross NBER Working Paper 30796 2022
Stablecoins as a tool to mitigate the downside risk of cryptocurrency portfolios Antonio Díaz, Carlos Esparcia, Diego Huélamo The North American Journal of Economics and Finance 2022
Stablecoins' role in crypto and beyond: functions, risks and policy European Central Bank ECB Macroprudential Bulletin, Issue 18 2022
Stablecoins: Growth Potential and Impact on Banking Gordon Y. Liao, John Caramichael Federal Reserve International Finance Discussion Papers No. 1334 2022
The future monetary system Bank for International Settlements BIS Annual Economic Report 2022, Chapter III 2022
The instability of stablecoins Kun Duan, Andrew Urquhart Finance research letters 2022
DeFi risks and the decentralisation illusion Sirio Aramonte, Wenqian Huang, Andreas Schrimpf BIS Quarterly Review, December 2021 2021
How stable are stablecoins? Lai T. Hoang, Dirk G. Baur European Journal of Finance Top-tier journal 2021
On the stability of stablecoins Klaus Grobys, Juha-Pekka Junttila, James W. Kolari, Niranjan Sapkota Journal of Empirical Finance Top-tier journal 2021
Regulating Libra Dirk A. Zetzsche, Ross P. Buckley, Douglas W. Arner Oxford Journal of Legal Studies Top-tier journal 2021
Report on Stablecoins President's Working Group on Financial Markets, FDIC, OCC U.S. Department of the Treasury 2021
Some Simple Economics of Stablecoins Christian Catalini, Alonso de Gortari, Nihar Shah SSRN / Annual Review of Financial Economics 2021
Taming Wildcat Stablecoins Gary B. Gorton, Jeffery Y. Zhang SSRN Working Paper; later University of Chicago Law Review Top-tier journal 2021
Tethered, or Untethered? On the interplay between stablecoins and major cryptoassets Ladislav Krištoufek Finance research letters 2021
Is Bitcoin Really Untethered? John M. Griffin, Amin Shams The Journal of Finance, Vol. 75(4) Top-tier journal 2020
Stablecoins 2.0 Ariah Klages‐Mundt, Dominik Harz, Lewis Gudgeon, Junyou Liu, Andreea Minca None 2020
Stablecoins: risks, potential and regulation Douglas Arner, Raphael Auer, Jon Frost BIS Working Papers No. 905 2020
In search for stability in crypto-assets: are stablecoins the solution? Dirk Bullmann, Jonas Klemm, Andrea Pinna ECB Occasional Paper No. 230 2019
Investigating the impact of global stablecoins G7 Working Group on Stablecoins Committee on Payments and Market Infrastructures (BIS) 2019
The Rise of Digital Money Tobias Adrian, Tommaso Mancini-Griffoli IMF FinTech Note No. 19/01 2019
What is Stablecoin?: A Survey on Price Stabilization Mechanisms for Decentralized Payment Systems Makiko Mita, Kensuke Ito, Shohei Ohsawa, Hideyuki Tanaka 2019 8th International Congress on Advanced Applied Informatics (IIAI-AAI) 2019

By construct

Regulation & Policy MiCA, the GENIUS Act, e-money frameworks and supervisory approaches. Financial Stability & Systemic Risk Systemic risk, contagion, run risk and spillovers to short-term funding markets. Peg Stability & Runs Peg mechanisms, depegs, run risk, redemption and reserve design. Monetary Policy & Banking Policy transmission, money supply, deposit competition and bank disintermediation. Dollarization & Emerging Markets Currency substitution, capital flows and monetary sovereignty in emerging markets. Payments & Settlement Cross-border payments, settlement, remittances and machine/agentic commerce. Design & Economics Fiat-backed vs crypto-backed vs algorithmic designs, reserves and seigniorage. Market Structure & Adoption Concentration, competition, issuer economics and adoption. DeFi & Collateral Stablecoins as DeFi collateral, yield and composability.
We link to and summarize sources; we do not host copyrighted full text, and summaries are our own. Methodology