2 papers
q-fin.RM2025
A Risk Mitigation Model of Monetary Ecosystem with Stablecoins
Hongzhe Wen, R. S. M. Lau
Stablecoins have emerged as a significant component of global financial infrastructure, with aggregate market capitalization surpassing USD250 billion in 2025. Their increasing int…
q-fin.GN2025
Stablecoins and the Emerging Hybrid Monetary Ecosystems
Hongzhe Wen, Songbai Li, R. S. M. Lau +1
With market capitalization exceeding USD250 billion by mid-2025, stablecoins have evolved from a crypto-focused innovation into a vital component of the global monetary structure.…