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Stablecoin Typologies Beyond Fiat Denomination: Evidence from Deep Temporal Clustering

delete2026-08-08
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PRE
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M
M. Song *
DOI:10.1016/j.frl.2026.110622delete
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Abstract

Abstract

En 中文
• FX-adjusted peg deviations reduce measurement bias for non-USD stablecoins. • Deep temporal clustering identifies two behavioral peg regimes. • Reference-currency labels do not fully explain peg-maintenance dynamics. • Regimes differ in trading volume and in future peg-deviation outcomes. • A USD-only diagnostic reveals heterogeneity even within a common reference currency.
Keywords:
Behavioral regimes
Cryptocurrency markets
Deep temporal clustering
Depegging risk
Peg stability
Stablecoins

Journal

Finance Research Letters cover
Finance Research Letters
IF:
6.9
Papers:
8.9K
Citations:
2.8W

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