kaal:claim:5454054-003

Retailer-issued stablecoins operate as an onchain Eurodollar play: they decentralize the creation of dollar-denominated liquidity, which reduces transaction costs and disintermediates traditional banks and their fees.

Source quote, verbatim

Retailer-issued stablecoins function as an onchain Eurodollar play that enables the decentralized creation of dollar-denominated liquidity, thus reducing transaction costs, and disintermediating traditional banking systems and their fees.

From

Wulf A. Kaal, Liquid Equity Rewards (2025), Proliferation of Stablecoins in Commerce, p. 4
https://ssrn.com/abstract=5454054 · source PDF

Cite as

Wulf A. Kaal, Liquid Equity Rewards (2025). SSRN: https://ssrn.com/abstract=5454054

Holds when

merchant issues a dollar-pegged token backed by reserves

Classification

mechanismsupport: arguedtokenomicsdecentralization

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