kaal:claim:3396522-004

Tether's growth in market capitalization, its stability around one dollar, and investors' use of it as a temporary safe haven provide some empirical support for the proposition that stable cryptocurrencies can create market stability.

A later claim in the corpus revises this one. Prefer quoting kaal:claim:3411897-020.

Source quote, verbatim

The rise of an early stable cryptocurrency design, Tether, in terms of its total market capitalization,169 its stability around $1 value, and investors' uses of Tether as a temporary safe haven, provide some support for stable cryptocurrencies' ability to create market stability.

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019), IV. Stable Cryptocurrencies, 10. Market Stability, p. 45
https://ssrn.com/abstract=3396522 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019). SSRN: https://ssrn.com/abstract=3396522

Holds when

support is partial and, on the authors' own framing, possibly only temporary

Classification

empiricalsupport: evidencedeconomicstokenomicsempirical-evidence

Verify

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Attestation record: colloquium/attestations/84a8289da74e6d40...json
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