Automated Market-Making for Fiat Currencies
We present an automated market-making (AMM) cross-settlement mechanism for digital assets on interoperable blockchains, focusing on central bank digital currencies (CBDCs) and stable coins. We develop an innovative approach for generating fair exchange rates for on-chain assets consistent with tradi...
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| creator | Lipton, Alex Sepp, Artur |
| description | We present an automated market-making (AMM) cross-settlement mechanism for
digital assets on interoperable blockchains, focusing on central bank digital
currencies (CBDCs) and stable coins. We develop an innovative approach for
generating fair exchange rates for on-chain assets consistent with traditional
off-chain markets. We illustrate the efficacy of our approach on realized FX
rates for G-10 currencies. |
| doi_str_mv | 10.48550/arxiv.2109.12196 |
| format | Article |
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digital assets on interoperable blockchains, focusing on central bank digital
currencies (CBDCs) and stable coins. We develop an innovative approach for
generating fair exchange rates for on-chain assets consistent with traditional
off-chain markets. We illustrate the efficacy of our approach on realized FX
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digital assets on interoperable blockchains, focusing on central bank digital
currencies (CBDCs) and stable coins. We develop an innovative approach for
generating fair exchange rates for on-chain assets consistent with traditional
off-chain markets. We illustrate the efficacy of our approach on realized FX
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digital assets on interoperable blockchains, focusing on central bank digital
currencies (CBDCs) and stable coins. We develop an innovative approach for
generating fair exchange rates for on-chain assets consistent with traditional
off-chain markets. We illustrate the efficacy of our approach on realized FX
rates for G-10 currencies.</abstract><doi>10.48550/arxiv.2109.12196</doi><oa>free_for_read</oa></addata></record> |
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| identifier | DOI: 10.48550/arxiv.2109.12196 |
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| subjects | Quantitative Finance - Trading and Microstructure |
| title | Automated Market-Making for Fiat Currencies |
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