BIS_稳定币的宏观经济学
聚焦BIS_稳定币的宏观经济学。We calibrate the model to annual U.S. macro-financial data and stablecoin adoption scenarios based on the industry projection ranges displayed in Figure 1. Specifically, we consider adoption levels between 1 and 3 trillion USD, corresponding to up to 40% of current T-bills outstanding.