Bitcoin and stablecoins are often lumped together, but stablecoins should be viewed as a direct competitor, Paul Beaudry and Amartya Lahiri write.JUSTIN TALLIS/AFP/Getty Images
Paul Beaudry is a professor at the Vancouver School of Economics at the University of British Columbia and a former Deputy Governor at the Bank of Canada.
Amartya Lahiri is Royal Bank Professor at the Vancouver School of Economics.
Since Bitcoin was introduced in 2009, it has enjoyed increasing attention from investors, regulators and technology geeks. Operating off a peer-to-peer network using blockchain technology, Bitcoin was the first operational cryptocurrency to become available to private users. Reflecting this rising attention,…
