Report on Stablecoins
CONTENTSExecutive Summary ........................................ .......................1I. Background ........................................ ............................4Creation and Redemption of the Stablecoin ........................................ ............4Transfer and Storage of the Stablecoin ........................................ ...................5Activities and Participants in Stablecoin Arrangements .................................6Use of Stablecoins ........................................ ........................................ ..........7Digital Asset Trading Platforms and DeFi ........................................ .................8II. Risks and Regulatory Gaps.
2 broader economy. The potential for stablecoin arrangements to scale rapidly raises additional issues related to systemic risk and concentration of economic power.
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