Using trades between the stablecoin treasury and private investors, we quantify how
improved arbitrage design stabilizes the price of the dominant stablecoin, Tether. We identify …

We examine the adoption and continuance intentions of blockchain-based stablecoins for
cross-border remittances. Relying on survey data from 866 US-based adults engaged in …

We construct market-based measures of stablecoin devaluation risk using spot and futures
prices for Tether. We estimate an average probability of devaluation over one year of 60 …

Cryptocurrency remittances overcome many regulatory and practical barriers, but there is
little empirical research into this increasingly popular remittance medium. In response, this …

Following the increasing adoption of stablecoins, their robustness has become an ongoing
concern for investors and regulators alike. This article studies the co-instability of a large …

In this paper, I introduce a New Keynesian-Dynamic Stochastic General Equilibrium (NK-
DSGE) model to examine the implications of CBDCs and cryptocurrency in an open …