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A Survey of Blockchain-Based Stablecoin: Cryptocurrencies and Central Bank Digital Currencies

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Blockchain and Trustworthy Systems (BlockSys 2022)

Part of the book series: Communications in Computer and Information Science ((CCIS,volume 1679))

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Abstract

With the development of blockchain technology and regulation, blockchain-based stablecoins have explosive growth recently. Our study provides an overview of the applications and regulations of blockchain-based stablecoins, which not only provides a clear view of current development but also has important referential value for guiding regulatory strategies. We begin with a new categorization perspective based on the legal position, the stability mechanism, target user, and decentralization. Then, we investigate the technical application of real-world projects and analysis it comparatively. Further, we explore the different regulations technologies and policies of blockchain-based stablecoins. Finally, several unresolved difficulties and prospective future are discussed.

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Acknowledgments

The work described in this paper is supported by the Special fund (Financial Development) project of Guangdong Province for Promoting High-Quality Economic Development in 2022, as a deliverable of the project of E-CNY Payment Judicial Evidence Preservision System for the Characteristic Application Scenarios in Guangdong-Hong Kong-Macao Greater Bay Area. The authors are key members of the project working group.

Author information

Authors and Affiliations

  1. Guangzhou Municipal Local Financial Supervision and Administration, Guangzhou, 510000, China

    Jin Zhu

  2. GRGBanking Blockchain Express Inc. Pty., Guangzhou, 510000, China

    Jun Zou

  3. Guangzhou Digital Finance Association, Guangzhou, 510000, China

    Yingxia Jing & Weiwei Yao

  4. School of Software Engineering, Sun Yat-sen University, Zhuhai, 519082, China

    Yifan Mo & Zibin Zheng

Authors
  1. Jin Zhu
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  2. Jun Zou
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  3. Yingxia Jing
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  4. Weiwei Yao
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  5. Yifan Mo
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  6. Zibin Zheng
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Corresponding author

Correspondence to Yifan Mo .

Editor information

Editors and Affiliations

  1. Vienna University of Economics and Business, Vienna, Austria

    Davor Svetinovic

  2. University of Electronic Science and Technology of China, Chengdu, China

    Yin Zhang

  3. Hong Kong Polytechnic University, Kowloon, Hong Kong

    Xiapu Luo

  4. University of Electronic Science and Technology of China, Chengdu, China

    Xiaoyan Huang

  5. Sun Yat-sen University, Guangzhou, China

    Xingping Chen

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Zhu, J., Zou, J., Jing, Y., Yao, W., Mo, Y., Zheng, Z. (2022). A Survey of Blockchain-Based Stablecoin: Cryptocurrencies and Central Bank Digital Currencies. In: Svetinovic, D., Zhang, Y., Luo, X., Huang, X., Chen, X. (eds) Blockchain and Trustworthy Systems. BlockSys 2022. Communications in Computer and Information Science, vol 1679. Springer, Singapore. https://doi.org/10.1007/978-981-19-8043-5_13

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  • DOI: https://doi.org/10.1007/978-981-19-8043-5_13

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-19-8042-8

  • Online ISBN: 978-981-19-8043-5

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