Buggenum, Hugo van; Gersbach, Hans; Zelzner, Sebastian - 2023 - This Version: January 31, 2024
Can competing stablecoins produce efficient and stable outcomes? We study competition among stablecoins pegged to a stable currency. They are backed by interest-bearing safe assets and can be redeemed with the issuer or traded in a secondary market. If an issuer sticks to an appropriate...
