国际清算银行-被复杂性所掩盖?衡量稳定币、加密货币和去中心化金融生态系统(英)-2026.9
聚焦国际清算银行-被复杂性所掩盖?衡量稳定币、加密货币和去中心化金融生态系统(英)-2026.9。(2026), can erode deposit bases, increase wholesale funding dependence and weaken monetary-policy transmission. Azzimonti and Quadrini (2025) use a multi-country model showing stablecoins may increase global demand for dollar assets while also partially substituting them in cross-border settlement.