国际清算银行-稳定币的宏观经济学(英)-2026.6
聚焦国际清算银行-稳定币的宏观经济学(英)-2026.6。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.