kaal:claim:3396522-014

Trading a token directly against a well established stable cryptocurrency removes several layers of conversion fees and eliminates the risk that the bridge currency depreciates during the sequence of trades.

Source quote, verbatim

The use of stable cryptocurrencies, if traded in pairs with the cryptocurrency in question, allows investors to remove several levels of conversion fees and removes the risk of depreciation of the bridge currency during the trades.

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019), IV. Stable Cryptocurrencies, 2. Cost Reduction, p. 28
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

requires the stable cryptocurrency to be traded in pairs with the token in question

Classification

mechanismsupport: arguedcontingent-capitaltokenomicsdefi

Verify

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