Maex, Steven A.; Slavov, Stefan - In: Journal of accounting and public policy 51 (2025), pp. 1-23
Stablecoins are cryptocurrencies intended to maintain consistent value against a reference asset (e.g., pegged 1:1 to the US dollar). Their rapid adoption in the absence of federal regulation has raised concerns about the risks they pose to financial markets. In this study, we describe the...