Stablecoins & CBDC

A Stablecoin Thats Actually Stable - A Portfolio Optimi

Proposes a portfolio optimization approach to design a stablecoin with stronger price stability than single-asset pegs, emphasizing reserve composition and risk management as key determinants of robustness.

Topics: stablecoins, risk, market design, digital assets

More in Stablecoins & CBDC

FTN011 - Central Bank Exploration of Tokenized Reserves (2025) — Reviews central bank research into tokenized reserves, focusing on how reserve tokenization could support settlement efficiency, interope...
NBER - Stablecoins A Revolutionary Payment Technology with Financial Risks — Analyzes stablecoins as a potentially transformative payment technology, while emphasizing their vulnerabilities around runs, reserve qua...
Wharton - The Stablecoin Toolkit Part I — Academic primer outlining the core design choices, risks, and policy trade-offs of stablecoins, with emphasis on how reserve structures, ...
Will USDC Replace Legacy Payment Rails - USDC vs SWIFT (Dec 2025) — Analyzes whether USDC can displace legacy cross-border payment rails such as SWIFT, focusing on speed, cost, settlement efficiency, and t...