Raphael Auer @raphauer.bsky.social · May 8

New data shows #Stablecoins are quietly emerging as a global transactional means and reshaping remittance flows. Happy to share "DeFiying Gravity? An Empirical Analysis of Cross-Border Bitcoin, Ether and Stablecoin Flows," with Ulf Lewrick and Jan Paulick: www.bis.org/publ/work126... We...

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Raphael Auer · May 8

analyze a novel and extensive crypto transaction dataset across 184 countries and the four major crypto assets (USDT, USDC, #Ether, and #Bitcoin). We uncover substantial volumes but distinct roles: stablecoins serve transactional needs like remittances, while...