De Blasis, Riccardo; Galati, Luca; Webb, Alexander; … - In: Financial innovation : FIN 9 (2023) 1, pp. 1-23
How does stablecoin design affect market behavior during turbulent periods? Stablecoins attempt to maintain a "stable" peg to the US dollar, but do so with widely varying structural designs. The spectacular collapse of the TerraUSD (UST) stablecoin and the linked Terra (LUNA) token in May 2022...
