In search for stability in crypto-assets: are stablecoins the solution?

⚠ The summary and findings below are the editor's working notes, pending verification against the source.

ECB taxonomy of stablecoins by stabilisation mechanism, assessing whether each can deliver price stability.

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Key findings

• Classifies stablecoins into tokenised funds, off-chain and on-chain collateralised, and algorithmic types.
• Argues stability depends on the credibility of the stabilisation mechanism and its governance.

Topics: Design & Economics · Regulation & Policy

Cite this

Dirk Bullmann, Jonas Klemm, Andrea Pinna (2019). In search for stability in crypto-assets: are stablecoins the solution? ECB Occasional Paper No. 230.

@techreport{bullmann2019searchforstability,
  title = {In search for stability in crypto-assets: are stablecoins the solution?},
  author = {Dirk Bullmann and Jonas Klemm and Andrea Pinna},
  year = {2019},
  institution = {European Central Bank},
  howpublished = {ECB Occasional Paper No. 230},
  url = {https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op230~d57946be3b.en.pdf},
  note = {Indexed by Stablecoin Beat},
}

Indexed by Stablecoin Beat — we link to and summarise sources; we do not host copyrighted full text, and summaries are our own.  ·  All research  ·  Methodology