Economic framework for how stablecoins maintain value and the trade-offs across reserve designs.
Design-economics reference for the backing-type framing.
Christian Catalini, Alonso de Gortari, Nihar Shah (2021). Some Simple Economics of Stablecoins SSRN / Annual Review of Financial Economics.
@techreport{catalini2021economicdesignstablecoins,
title = {Some Simple Economics of Stablecoins},
author = {Christian Catalini and Alonso de Gortari and Nihar Shah},
year = {2021},
institution = {SSRN},
howpublished = {SSRN / Annual Review of Financial Economics},
url = {https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3968148},
note = {Indexed by Stablecoin Beat},
}