Economics

This study presents empirical evidence that shows a notable shift in the usage of stablecoins, a form of digital currency transacted over distributed ledgers, in recent years.

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.

This column presents empirical analyses of stablecoin use and prudential implications.

This paper examines the financial stability risks associated with tokenized cash, a subset of stablecoins fully reserved with cash and cash equivalents.