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Persistent financial frictions - including price volatility, constrained credit access, and supply chain inefficiencies - have long hindered productivity and welfare in the global agricultural sector. This paper provides a theoretical and…

General Economics · Economics 2025-07-22 Xinyu Li

In India, post the demonetization exercise in 2016, digital payments have become extremely popular. Among them, the volume of transactions using Paytm wallets and UPI (Unified Payment Interface) have grown manifold. The lockdowns due to…

Computers and Society · Computer Science 2025-11-06 Shreekanth M Prabhu , Natarajan Subramanyam , Ms. Shreya P Krishnan , Ms. Brindavana Sachidananda

Stablecoins promise to bridge fiat currencies with the world of cryptocurrencies. They provide a way for users to take advantage of the benefits of digital currencies, such as ability to transfer assets over the internet, provide assurance…

General Finance · Quantitative Finance 2019-10-23 Amani Moin , Emin Gün Sirer , Kevin Sekniqi

Stablecoins, which are primarily intended to function as a global reserve of value are insubstantial in their design and present many failure points. The primary mechanism to enable these coins to hold on to a fixed value is by backing them…

Computer Science and Game Theory · Computer Science 2024-09-01 Souradeep Das , Revathi Venkataraman

In the contemporary era, biodiversity conservation emerges as a paramount challenge, necessitating innovative approaches to monitoring, preserving, and enhancing the natural world. This paper explores the integration of blockchain…

Computers and Society · Computer Science 2024-04-19 Kostas Kryptos Chalkias , Angelos Kostis , Ali Alnuaimi , Peter Knez , John Naulty , Allen Salmasi , Ryan Servatius , Rodrigo Veloso

For more than a decade, Bitcoin has gained as much adoption as it has received criticism. Fundamentally, Bitcoin is under fire for the high carbon footprint that results from the energy-intensive proof-of-work (PoW) consensus algorithm.…

General Economics · Economics 2023-05-04 Juan Ignacio Ibañez , Alexander Freier

Stablecoins face an unresolved trilemma of balancing decentralization, stability, and regulatory compliance. We present a hybrid stabilization protocol that combines crypto-collateralized reserves, algorithmic futures contracts, and…

Cryptography and Security · Computer Science 2025-06-09 Shengwei You , Andrey Kuehlkamp , Jarek Nabrzyski

Decentralized Finance (DeFi), in which digital assets are exchanged without trusted intermediaries, has grown rapidly in value in recent years. The global DeFi ecosystem is fragmented into multiple blockchains, fueling the demand for…

Cryptography and Security · Computer Science 2024-10-16 Daniël Reijsbergen , Bretislav Hajek , Tien Tuan Anh Dinh , Jussi Keppo , Henry F. Korth , Anwitaman Datta

Carbon credits purchased in the voluntary carbon market allow unavoidable emissions, such as from international flights for essential travel, to be offset by an equivalent climate benefit, such as avoiding emissions from tropical…

Cryptography and Security · Computer Science 2024-04-04 Sadiq Jaffer , Michael Dales , Patrick Ferris , Thomas Swinfield , Derek Sorensen , Robin Message , Srinivasan Keshav , Anil Madhavapeddy

Modern societies have adopted government-issued fiat currencies many of which exist today mainly in the form of digits in credit and bank accounts. Fiat currencies are controlled by central banks for economic stimulation and stabilization.…

Cryptography and Security · Computer Science 2022-12-29 Heung-No Lee , Young-Sik Kim , Dilbag Singh , Manjit Kaur

With market capitalization exceeding USD250 billion by mid-2025, stablecoins have evolved from a crypto-focused innovation into a vital component of the global monetary structure. This paper identifies the characteristics of stablecoins…

General Finance · Quantitative Finance 2025-10-14 Hongzhe Wen , Songbai Li , R. S. M. Lau , Jamie Zhang

Current cryptocurrencies, starting with Bitcoin, build a decentralized blockchain-based transaction ledger, maintained through proofs-of-work that also generate a monetary supply. Such decentralization has benefits, such as independence…

Cryptography and Security · Computer Science 2015-12-21 George Danezis , Sarah Meiklejohn

Climate change and global warming are the significant challenges of the new century. A viable solution to mitigate greenhouse gas emissions is via a globally incentivized market mechanism proposed in the Kyoto protocol. In this view, the…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-07-02 Soheil Saraji , Mike Borowczak

With the emergence of Bitcoin and recently proposed stablecoins from BigTechs, such as Diem (formerly Libra), central banks face growing competition from private actors offering their own digital alternative to physical cash. We do not…

General Economics · Economics 2021-03-02 David Chaum , Christian Grothoff , Thomas Moser

Stablecoins and central bank digital currencies are on the horizon in Asia, and in some cases have already arrived. This paper provides new analysis and a critique of the use case for both forms of digital currency. It provides time-varying…

General Economics · Economics 2022-02-16 Barry Eichengreen , Ganesh Viswanath-Natraj

Stablecoins have become a foundational component of the digital asset ecosystem, with their market capitalization exceeding 230 billion USD as of May 2025. As fiat-referenced and programmable assets, stablecoins provide low-latency,…

General Economics · Economics 2025-08-07 Luyao Zhang

A crypto coin designed to provide a stabilization instrument backed up by minded like financial investments instruments to maintain the purchase value of savings across time, in order to construct new tools for unstable economies.

General Finance · Quantitative Finance 2019-12-23 Leonardo Belen , Alejandro Baranek , Xavier Gonzalez

To non-experts, the traditional Centralized Finance (CeFi) ecosystem may seem obscure, because users are typically not aware of the underlying rules or agreements of financial assets and products. Decentralized Finance (DeFi), however, is…

General Finance · Quantitative Finance 2021-06-17 Kaihua Qin , Liyi Zhou , Yaroslav Afonin , Ludovico Lazzaretti , Arthur Gervais

Stablecoins are one of the most widely capitalized type of cryptocurrency. However, their risks vary significantly according to their design and are often poorly understood. We seek to provide a sound foundation for stablecoin theory, with…

General Economics · Economics 2020-10-30 Ariah Klages-Mundt , Dominik Harz , Lewis Gudgeon , Jun-You Liu , Andreea Minca

In this review, we evaluate the mechanisms behind the decentralized finance protocols for generating stable, passive income. Currently, such savings interest rates can be as high as 20% annually, payable in traditional currency values such…

Computers and Society · Computer Science 2021-08-16 Hakwan Lau , Stephen Tse
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