kaal:claim:3396522-015

A well established stable cryptocurrency and a universal exchange form a positive feedback loop: the exchange's liquidity is enhanced by the stable cryptocurrency, and the stable currency's stability and adoption are enhanced by the exchange.

Source quote, verbatim

In essence, the combination of a well- established stable cryptocurrency with a universal exchange create a positive feedback loop. The exchange liquidity is enhanced by the stable cryptocurrency and the stability and adoption of the stable currency is enhanced through the exchange.

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019), IV. Stable Cryptocurrencies, 2. Cost Reduction, p. 29
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 a universal exchange bridging traditional and crypto assets

Classification

mechanismsupport: argueddefiinstitutional-designtokenomicseconomics

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