Do asset-backed stablecoins spread crypto volatility to traditional financial assets? Evidence from Tether

【Author】 Wu, Gabriel Shui Tang; Leung, Pak Ho

【Source】ECONOMICS LETTERS

【影响因子】1.469

【Abstract】This study shows empirically how Tether, the largest asset-backed stablecoins, magnifies the volatility spillover from crypto assets to money market instruments through its reserve adjustments. Our finding supports the need of strengthening the disclosure by and liquidity management of stablecoins.& COPY; 2023 Elsevier B.V. All rights reserved.

【Keywords】Crypto assets; Money market; Stablecoins; Spillover

【发表时间】2023 AUG

【收录时间】2023-08-10

【文献类型】实证数据

【主题类别】

区块链治理-市场治理-数字货币