Ganesh Viswanath-Natraj (Warwick) – What Keeps Stablecoins Stable? (EP.76)

On The Brink with Castle Island

English - May 06, 2020 10:00 - 56 minutes - 77.6 MB - ★★★★★ - 272 ratings
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Previous Episode: Marcos Veremis (Evanston Capital) on the Institutional Allocators Perspective on Cryptoassets (EP.75)

Next Episode: Weekly News Roundup 5/8/20 (Paul Tudor Jones, the stablecoin invasion, Cash App's Q1) (EP.77)

The question of Tether's influence on crypto markets has long vexed practitioners and academics. In a widely-publicized 2018 paper, academics Griffin and Shams allege that Tether was being issued collusively, effectively increasing the price of Bitcoin beyond its natural level.

To learn how Tether behaves like a currency board, and to assess the veracity of the Griffin & Shams hypothesis in light of new data, we brought Ganesh Viswanath-Natraj on to the show. Ganesh is an Assistant Professor of Finance at Warwick Business School, covering international finance and macroeconomics, with a focus on foreign exchange derivatives, market microstructure and cryptocurrencies.

Find the full text of the paper here, and follow Ganesh's work on his personal website.