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@article{ART002908038},
author={Junsang Kim},
title={Classification and Risk Analysis of Stablecoins},
journal={Journal of The Korea Society of Computer and Information},
issn={1598-849X},
year={2022},
volume={27},
number={12},
pages={171-178},
doi={10.9708/jksci.2022.27.12.171}

TY - JOUR
AU - Junsang Kim
TI - Classification and Risk Analysis of Stablecoins
JO - Journal of The Korea Society of Computer and Information
PY - 2022
VL - 27
IS - 12
PB - The Korean Society Of Computer And Information
SP - 171
EP - 178
SN - 1598-849X
AB - In this paper, we propose a classification method according to the type and characteristics of stablecoins for risk analysis, and analyze the risk factors of each stablecoin based on this classification. First, this paper explains the technologies and ecosystem of blockchain and decentralized finance(DeFi) to understand stablecoins. In addition, the operation principle of the major stablecoins currently released and used is explained for each proposed classification type. Based on this, the risk type and risk factors of each stablecoin are derived. The risk types proposed in this paper are classified as defegging, liquidation, and exploit, and the risk factors are classified as depegging due to reliability of operator, depegging due to reliability of algorithm, depegging due to failure of algorithm, liquidation due to high volatilty and oracle attack. Based on the proposed classification, we analyze the risk factors of major stablecoins currently circulating in the crypto market.
KW - Blockchain;Cryptocurrency;Stablecoin;Decentralized Finance;DeFi
DO - 10.9708/jksci.2022.27.12.171
ER -

Junsang Kim. (2022). Classification and Risk Analysis of Stablecoins. Journal of The Korea Society of Computer and Information, 27(12), 171-178.

Junsang Kim. 2022, "Classification and Risk Analysis of Stablecoins", Journal of The Korea Society of Computer and Information, vol.27, no.12 pp.171-178. Available from: doi:10.9708/jksci.2022.27.12.171

Junsang Kim "Classification and Risk Analysis of Stablecoins" Journal of The Korea Society of Computer and Information 27.12 pp.171-178 (2022) : 171.

Junsang Kim. Classification and Risk Analysis of Stablecoins. 2022; 27(12), 171-178. Available from: doi:10.9708/jksci.2022.27.12.171

Junsang Kim. "Classification and Risk Analysis of Stablecoins" Journal of The Korea Society of Computer and Information 27, no.12 (2022) : 171-178.doi: 10.9708/jksci.2022.27.12.171

Junsang Kim. Classification and Risk Analysis of Stablecoins. Journal of The Korea Society of Computer and Information, 27(12), 171-178. doi: 10.9708/jksci.2022.27.12.171

Junsang Kim. Classification and Risk Analysis of Stablecoins. Journal of The Korea Society of Computer and Information. 2022; 27(12) 171-178. doi: 10.9708/jksci.2022.27.12.171

Junsang Kim. Classification and Risk Analysis of Stablecoins. 2022; 27(12), 171-178. Available from: doi:10.9708/jksci.2022.27.12.171

Junsang Kim. "Classification and Risk Analysis of Stablecoins" Journal of The Korea Society of Computer and Information 27, no.12 (2022) : 171-178.doi: 10.9708/jksci.2022.27.12.171