Speaker: Dr.Chen Yang (ETH Zurich)

Title: Designing Stable Coins

Time: Tue, Nov.20, 2018 , AM:10:40-11:20

Location: Room 4318, Building No.4, Wushan Campus       

Abstract:

        Stable coins, which are cryptocurrencies pegged to other stable financial assets such asU.S. dollar, are desirable for payments within blockchain networks and as crypto money market accounts for asset allocation involving cryptocurrencies.  

        However, existingcryptocurrencies are too volatile for these purposes. In this talk, I will present the design of several dual-class structurethat offer fixedincome stable coins pegged to a traditional currency as well as leveraged investment instruments, based on the option pricing theory.The class A coin has a volatility comparable to that of the averageexchange rate of world currencies against U.S. dollar, and the class A' coin is essentially pegged to U.S. dollar.