October 2025
Intermediate to advanced
400 pages
10h 29m
English
book
Decentralized Finance and the End of Traditional Banking
by Jyoti Verma, Amandeep Singh, Gagandeep
Content preview from Decentralized Finance and the End of Traditional Banking
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10Stablecoins: The Cornerstone of DeFi
Reepu1*, Pawan Kumar1, Sanjay Taneja2 and Ercan Ozen3
1University School of Business, Chandigarh University, Mohali, India
2Graphic Era University, Dehradun, India
3Faculty of Applied Sciences, Usak University, Usak, Turkey
Abstract
The prominence of stablecoins in the ever-changing cryptocurrency domain has become pivotal serving as a cornerstone within the decentralized finance (DeFi) arena. Distinguished by categories, such as fiat-backed, crypto-backed, and algorithmic stablecoins, they provide stability and serve various purposes across different DeFi protocols. Their multifaceted applications encompass liquidity provision, decentralized lending, asset management, yield farming, trading, arbitrage, cross-border payments, risk management, and stablecoin-backed loans. Nevertheless, stablecoins face challenges, including uncertainties in regulation, collateralization issues, risks associated with algorithmic instability, and concerns about limited transparency that might contribute to fraudulent activities. Looking forward, the progression of stablecoins entails the exploration of alternative stabilization mechanisms beyond fiat pegs, enhancements in scalability and efficiency through layer 2 solutions, and the integration of smart contracts and oracles to facilitate sophisticated financial instruments such as automated lending/borrowing protocols, prediction markets, and decentralized insurance. The foreseeable future anticipates a ...
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