| Résumé : |
Many cryptocurrencies, such as BTC, have contributed to the growth of decentralized financial services by increasing financial inclusion, assuring unrestricted access, allowing decentralized network innovation, and acting as a stimulus for investors and entrepreneurs. As a consequence, despite all of the benefits listed, they are not in favor of the financial system's stability, safety, or substantiality. Given that when we talk about cryptocurrencies, we are always talking about volatility, and volatility brings with it a plethora of dangers, risk management must be done.
Nevertheless, the mitigation of the numerous risks connected with cryptocurrency is now achievable simply by adopting stablecoins, which, as the name suggests, guarantee stability. Consequently, in this paper, we examine the characteristics of stablecoins, identify stablecoins' capacity to manage risk among crypto-currencies, and assess its potential impact on crypto volatility, specifically whether it will make crypto less volatile or more volatile, as well as stablecoins' ability to provide sustainability. Our results demonstrate that stablecoins as a key component of DeFi, can help to repair the financial system by lowering the risks associated with crypto and improving some of their characteristics mainly regarding the stability and sustainability. |
Stablecoins as a crypto alternative: balancing sustainability and security / 2022 
