Algorithmic stablecoins
The article considers algorithmic stablecoins as a new type of stablecoins secured not by physical assets, but by mathematical algorithms. In connection with the development of the digital ruble platform by the central bank of the Russian Federation, it is necessary to assess the potential and scope of this asset. The article analyzes the basic principles and advantages of algorithmic stablecoins, as well as their possible application in economics and finance
Keywords: cryptocurrency, digital assets, blockchain, stablecoin, token, decentralization, algorithmic stability, algorithmic stablecoin.
References
- V. V. Ivanov, R. K. Nurmukhametov. 2020. The content and economic nature of stablecoins. https://cyberleninka.ru/article/n/soderzhanie-i-ekonomicheskaya-priroda-steyblkoinov.
- Makiko Mita, Kensuke Ito, Shohei Ohsawa, Hideyuki Tanaka. 2019. What is Stablecoin? A Survey on Price Stabilization Mechanisms for Decentralized Payment Systems. https://ieeexplore.ieee.org/document/8992735.
- Shreyas Bhat, Ayten Kahya, Rohit Kumar, Bhaskar Krishnamachari. 2021. Simulating the MakerDAO Stablecoin. https://ieeexplore.ieee.org/document/9461135.
- Phani Prasad Pothavarjula, B Sirisha. 2022. An Investigation of Decentralized Ledger Applications Using Ethereum in a Blockchain Network. https://ieeexplore.ieee.org/document/9763219.
- P. A. Polyakov, I. N. Lyukevich. Decentralized Finance: Fundamentals of the DeFi Protocol//IPMEiT Youth Science Week. Proceedings of the All-Russian scientific-practical and educational-methodical conference. St. Petersburg, 2022. P. 126-131.
- K. R. Yanishin, I. O. Gatsenko, A. I. Mast. 2020. Stablecoins as a tool for eliminating cryptocurrency volatility. https://cyberleninka.ru/article/n/steyblkoiny-kak-instrument-ustraneniya-volatilnosti-kriptovalyut.
