学术报告报告题目：Designing Stable Coins
报 告 人：杨晨 博士(ETH Zurich)
报告时间：2018 年11月20（星期二）上午10:40-11:20
报告地点：4号楼224室
邀 请 人：陈映珊 博士
欢迎广大师生前往！
数学学院
2018年11月19日
报告摘要：
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, exi-stingcryptocurrencies are too volatile for these purposes. In this talk, I will present the design of several
dual-class structure that 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 average
exchange rate of world currencies against U.S. dollar, and the class A' coin is essentially pegged to U.S. dollar.