# kaal:claim:3406323-024

**Claim.** Because of their disciplining and market stability enhancing effects, stable cryptocurrencies form the backbone of the financial technology infrastructure required for any distributed app economy and decentralized commerce to emerge.

**Type.** condition  **Support.** argued

**Holds when.**

- emergence of a distributed app economy and decentralized commerce

**Source quote.**

> Because of their disciplining and market stability enhancing effects, stable cryptocurrencies are part of the financial technology infrastructure that will form the backbone of any emergence of the distributed app economy and decentralized commerce.

**From.** Wulf A. Kaal, *Decentralization - A Primer on the New Economy* (2019), VI. Evolution, page 13

**Cite as.** Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323

**Verify.** sha256 of source PDF `6293780b57a1ae1de17ec00f99cc94295d4f72ea4d08b17a5c08c44772b221db` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Decentralization%20-%20A%20Primer%20on%20the%20New%20Economy.pdf

**Topics.** tokenomics, decentralization, economics

**Keywords.** stablecoins, infrastructure, decentralized-commerce, dapp-economy

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