Download This PaperCommon Knowledge Theory of Stablecoins
8 Pages Posted: 16 Apr 2024
Date Written: April 16, 2024
Abstract
We propose a new theory of stablecoins based on common knowledge. We contrast this with the ‘better money’ theory of stablecoins, which emphasises marginal improvements over the standard origin of money theory as: medium of exchange, unit of account, store of value.
Keywords: stablecoins, common knowledge
JEL Classification: C70, D80, E42, E50, F33, G21
Suggested Citation: Suggested Citation
Berg, Chris and Potts, Jason and White, Chloe, Common Knowledge Theory of Stablecoins (April 16, 2024). Available at SSRN: https://ssrn.com/abstract=4795490 or http://dx.doi.org/10.2139/ssrn.4795490
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