FINANCIAL ECONOMY
Published 2021-11-29
Keywords
- stablecoins,
- crypto-assets,
- digital financial assets,
- virtual currency,
- cryptocurrency
- distributed ledger technology,
- blockchain,
- collateral stablecoins,
- algorithmic stablecoins,
- local stablecoins,
- global stablecoins ...More
How to Cite
1.
Kochergin Д, Ivanova А. Stablecoins: Functional Features and Uses on Financial Markets. ECO [Internet]. 2021 Nov. 29 [cited 2025 Apr. 24];51(12):161-84. Available from: https://ecotrends.ru/index.php/eco/article/view/4359
Abstract
The paper is devoted to stablecoins and their operation in the financial market. The authors reveal the nature of stablecoins, the ways they are used, and analyze the impact of the global economic crisis on stablecoins. It was observed that at the time of decreased volatility stablecoins are primarily used as a safe haven for traders in the crypto-asset market. The study about local stablecoins development in a global economic crisis in 2020 demonstrated stable market prices of asset-backed stablecoins against high volatility of other crypto-assets. In contrast, the growing interest in the application of global stablecoins under new reduction volatility mechanisms may encourage extensive use of stablecoins in both retail and wholesale payments at the international level.References
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