The State of Stablecoins 2019: Hype vs. Reality in the Race for Stable, Global, Digital Money
The State of Stablecoins 2019: Hype vs. Reality in the Race for Stable, Global, Digital Money
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History of Money
Why Money needs to be stable
Basic Functions of money
Characteristics of Money
Types of monetary systems
Why have monetary systems have failed
Failed Pegs
The Triffin Dilemma
The Mundell Fleming Trilemma (Impossible Trinity)
Why contemporary money systems are failing
Bitcoin and the rise of cryptocurrency
Multiplicity of cryptocurrencies
Local economies
Complementary currencies
The History of Complementary Currencies
The next generation of cryptocurrencies
The problems with cryptocurrencies
The next generation; post-Bitcoin and Ethereum
Building out infrastructure: The rise of Stablecoins
What is a Stablecoin?
What Stablecoins aim to solve and how they work
Why end users need stability
Overview of different stablecoins and what they aim to achieve
How Stablecoins are different
Alternatives to stablecoins: Fed Coins and Central bank issued digital dollars
Key observations on different stablecoins (compare and contrast) in partnership with PwC
Note: Based on surveys executed with John Shipman from PwC
Next generation stablecoins and money
Final Thoughts and Conclusions
Key Observations from the Answered Questionnaires
Industry Survey Questionnaire
Appendix
Special Breakout Section On Bretton Woods (Appendix 1)
Acknowledgments
Citations