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Yale economist and Federal reserve attorney explain why stablecoins are risky in a new paper

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Yale economist and Federal reserve attorney explain why stablecoins are risky in a new paper
Yury Tsukanov
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Last weekend, Gary B. Gorton – an American economist from Yale University – and Federal Reserve attorney Jeffery Y. Zhang, released a paper called “Taming Wildcat Stablecoins”.
The document discusses stablecoins such as USDT and USDC from a classic economics point of view and tries to assess their value as “private money”. It is also concerned with how policymakers will adjust our regulatory framework to handle stablecoin growth and evolution in the coming years.

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Yale economist and Federal reserve attorney explain why stablecoins are risky in a new paper

Yale economist and Federal reserve attorney explain why stablecoins are risky in a new paper
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Yale economist and Federal reserve attorney explain why stablecoins are risky in a new paper

Yale economist and Federal reserve attorney explain why stablecoins are risky in a new paper
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