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Cryptoassets - volatility.
A stablecoin is usually a privately issued cryptoasset that aims to provide price stability by backing the coin with other assets.
- Not all stablecoins are equally stable
- "The umbrella term ‘stablecoin’ has been used to describe a range of instruments with quite different characteristics.
- In particular, they may be backed by a range of financial assets, commodities or unbacked cryptoassets (which in some cases are supported by algorithmic protocols).
- The robustness of those backing assets and the wider safeguards for guaranteeing stability of value vary significantly across the products labelled as stablecoins."
- Sir Jon Cunliffe, Bank of England Deputy Governor for Financial Stability - Innovate Finance Global Summit - 17 April 2023.
- CBDC pilot
- "Le Banque de France announced on January 19 that a pilot saw 2 million euro worth of simulated shares purchased and sold by investors using a CBDC.
- It took place with distributed ledger technology provided by SETL — a UK-based regulated blockchain services provider - which also provided the CBDC stablecoin."
- Association of Corporate Treasurers Payments landscape blog, Naresh Aggarwal, Associate Director, Policy & Technical, 20 January 2021.
- Asset-referenced token (ART)
- Central bank digital currency (CBDC)
- Distributed ledger
- E-money token (EMT)
- Fiat currency
- Financial asset
- Intangible assets
- Internal Crypto-Assets Task Force
- Monetary policy
- USD Coin