Stablecoins and Central Bank Digital Currencies: Policy and Regulatory Challenges

【Author】 Eichengreen, Barry; Viswanath-Natraj, Ganesh

【Source】ASIAN ECONOMIC PAPERS

【影响因子】1.098

【Abstract】Stablecoins and central bank digital currencies are on the horizon in Asia, and in some cases have already arrived. This paper provides new analysis and a critique of the use case for both forms of digital currency. It provides time-varying estimates of devaluation risk for the leading stablecoin, Tether, using data from the futures market. It describes the formidable obstacles to widespread use of central bank digital currencies in cross-border transactions, the context in which their utility is arguably greatest. The bottom line is that significant uncertainties continue to dog the region's digital currency initiatives.

【Keywords】

【发表时间】2022 WIN-SPR

【收录时间】2022-09-22

【文献类型】实证数据

【主题类别】

区块链治理-法律治理-数字货币监管