Identification and prioritization of the risks in the mass adoption of artificial intelligence-driven stable coins: The quest for optimal resource utilization

Sood, Kirti; Singh, Simarjeet; Behl, Abhishek; Sindhwani, Rahul; Kaur, Sandeepa; Pereira, Vijay

doi:10.1016/j.resourpol.2022.103235

Cited by 11 publications

(1 citation statement)

References 39 publications

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“…Arner et al (2020) focus on financial regulation and conclude that it would be best to integrate supervisory requirements into the stablecoin systems themselves, which would allow for "integrated supervision". Sood et al (2023) identify the lack of a clear regulatory framework as the second biggest risk and difficulty for the acceptance of stablecoins and their use. The same conclusion is reached by Andryushin & Kochergin (2022) and Bullmann et al (2019), who indicate that the integration of stablecoins into a modern monetary and payment system can only occur if there is an adequate and coordinated regulation of them by all monetary authorities.…”

Section: Literature Review On the Accounting And Auditing Of Stablecoinsmentioning

confidence: 99%

The asset-backing risk of stablecoin trading: the case of Tether

Fernández,

Alonso

2024

EBR

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This article aims to analyse the asset-backing risk of stablecoins, focusing on international accounting standards, classification criteria, and auditing standards and using Tether as a case study. It examines Tether’s issuance, backing, controls, ratios, and regulations to assess risk transmission and mitigation. The results suggest a need for unified and strengthened accounting and auditing standards to enhance user confidence. Liquidity, solvency, and debt ratios were applied to Tether's balance sheets; while Tether has made efforts to increase its transparency, and although it possesses highly liquid assets, challenges remain regarding its liquidity, solvency, and debt. An independent auditors' valuation is crucial for investor confidence, demonstrating that more specific regulations are required for stablecoins. Future research should explore other stablecoins to comprehensively understand the accounting and auditing challenges in the field.

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