Evolution and Financial Implications of Stablecoins – A Literature Review

The market size of stablecoins, as an important tool to connect traditional finance and digital assets, is also expanding and has reached a considerable scale. However, the widespread adoption of stablecoins is accompanied by multiple issues such as technical risks, regulatory challenges, and market...

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Bibliographic Details
Main Author: Su Zeyang
Format: Article
Language:English
Published: EDP Sciences 2025-01-01
Series:SHS Web of Conferences
Online Access:https://www.shs-conferences.org/articles/shsconf/pdf/2025/09/shsconf_icdde2025_04016.pdf
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Summary:The market size of stablecoins, as an important tool to connect traditional finance and digital assets, is also expanding and has reached a considerable scale. However, the widespread adoption of stablecoins is accompanied by multiple issues such as technical risks, regulatory challenges, and market volatility. This study systematically analyzes the current situation of stablecoins, sorts out the definition and classification of stablecoins, discusses the far-reaching impact and potential risks of stablecoins on the financial market, and aims to reveal their role and challenges in the global financial system. The research significance of this paper is to provide policymakers, market participants, and academia with a comprehensive analysis of the risks and opportunities of stablecoins, and to suggest key directions for future development, including regulatory coordination, technological innovation, and further integration with the traditional financial system. The study concluded that the sustainable development of stablecoins depends on improved technical security, the improvement of the global regulatory framework, and the enhancement of market transparency. Future studies can further explore the competitive relationship between central bank digital currencies and stablecoins, as well as the application potential of artificial intelligence in stablecoin risk management.
ISSN:2261-2424