Journal article · 2021

Tethered, or Untethered? On the interplay between stablecoins and major cryptoassets

Ladislav Krištoufek · Finance research letters · Elsevier BV

The work investigates the relationship between stablecoins and major cryptoassets, finding that stablecoins do not boost the prices of other cryptoassets. Instead, stablecoin issuances respond to price changes in other cryptoassets, indicating a reflection of demand for investment in cryptomarkets.

Read the source ↗ · DOI

Methodologygeneralized vector autoregressive framework and directed spillovers

Constructsstablecoins; cryptoassets; price changes; demand for investment

Key findings

There is no evidence of stablecoins boosting the prices of other cryptoassets.
Increased stablecoin issuances react to price changes in other cryptoassets.

Topics: Monetary Policy & Banking

Cite this

Ladislav Krištoufek (2021). Tethered, or Untethered? On the interplay between stablecoins and major cryptoassets Finance research letters.

BibTeX

@article{toufek2021tethereduntetheredinterplaybetween,
  title = {Tethered, or Untethered? On the interplay between stablecoins and major cryptoassets},
  author = {Ladislav Krištoufek},
  year = {2021},
  institution = {Elsevier BV},
  journal = {Finance research letters},
  doi = {10.1016/j.frl.2021.101991},
  url = {https://doi.org/10.1016/j.frl.2021.101991},
  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