Original insights and research on macroeconomics, stablecoins, digital assets, distributed ledger technology (DLT) and blockchains from Circle Chief Economist Gordon Liao.
On-Chain Foreign Exchange and Cross-Border Payments
SSRN | Gordon Liao | April 14, 2023
This paper studies the use of distributed ledger technologies in the trading and settlement of foreign exchange (FX) on public blockchains as well as use cases in international payments.
TradFi, CeFi, DeFi: A Balance Sheet Journey Through Financial Alchemy
Circle | Gordon Liao | April 6, 2023
Banks Dominate Payment Systems. The Risks Are All Too Clear.
Barron’s | Gordon Liao | March 26, 2023
Payment versus trading stablecoins
CEPR | Gordon Liao | March 25, 2023
This column presents empirical analyses of stablecoin use and prudential implications.