The Development Path and Potential Challenges of Stablecoins Based on Risk Return Approach

DOI

10.2991/978-2-38476-585-0_101How to use a DOI?

Keywords

Stablecoins; Risk Regulation; Digital Finance; Cross-border Payment; Central Bank Digital Currency

Abstract

In the context of the booming digital economy, stablecoins have attracted attention for maintaining relatively stable prices and playing a key role in the digital financial ecology. This paper focuses on the research of stablecoins. The background is that stablecoins are rising due to their stability and payment convenience, but they are subject to regulatory attention due to their impact on the financial system and monetary policy. The research topics cover the risks and advantages of stablecoins, as well as the comparison with central bank digital currencies. In terms of research methods, the risks (such as sovereignty, regulatory risks, etc.) and advantages (high stability, promoting financial inclusion, etc.) of stablecoins were analyzed through literature review, and cases (such as the choice of stablecoins and digital currencies in the United States) were analyzed, and the comparison between stablecoins and central bank digital currencies was made. The conclusion shows that stablecoins have significant value in digital asset trading and other fields, and have the advantages of financial inclusion. However, they face risks such as sovereignty and regulation, and there are challenges in technological innovation and application. Therefore, it is necessary to tap the advantages and build an appropriate regulatory framework and technical system to balance innovation and risk, so as to achieve stable development and promote the advancement of digital finance. Policy suggestions, such as building a multi-level regulatory system, are also put forward to refine differentiated regulatory measures.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jingwu Sun
AU  - Qianyu Zhang
PY  - 2026
DA  - 2026/06/18
TI  - The Development Path and Potential Challenges of Stablecoins Based on Risk Return Approach
BT  - Proceedings of the 2025 International Conference on Hybrid Commerce, Human Capital, and Economic Dynamics (ICHCH 2025)
PB  - Atlantis Press
SP  - 893
EP  - 900
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-2-38476-585-0_101
DO  - 10.2991/978-2-38476-585-0_101
ID  - Sun2026
ER  -