kaal:claim:3411897-020

Tether, like every other stable cryptocurrency project, remains afflicted with significant design challenges, even though its market capitalization and stability around one dollar give some support for stable cryptocurrencies' capacity to create market stability.

Source quote, verbatim

Like all other stable cryptocurrency projects, Tether is still afflicted with significant design challenges.

From

Wulf A. Kaal, Decentralization - Past, Present, and Future (2019), Part 2: The Present, The Brave New World of Decentralization, p. 31
https://ssrn.com/abstract=3411897 · source PDF

Cite as

Wulf A. Kaal, Decentralization - Past, Present, and Future (2019). SSRN: https://ssrn.com/abstract=3411897

Holds when

as of the state of stable cryptocurrency design described in 2019

Classification

failuresupport: arguedfailure: stablecoin-design-deficitfamily: valuation-and-pricing-failureeconomics

Related claims

supersedes kaal:claim:3396522-004 Tether's growth in market capitalization, its stability around one dollar, and investors' use of it as a tempo...

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Positions extending this scholarly claim

Extension: Perspectives and challenges of agent-based simulation as a tool for economics and other social sciences