This policy brief discusses the lessons for stablecoin adoption, fragility, and appropriate regulation through the lens of a theoretical model: https://www.suerf.org/suerf-policy-brief/73181/adoption-fragility-and-regulation-of-stablecoins

It is based on my recently published working paper: Christoph Bertsch (2023), “Stablecoins: Adoption and Fragility,” Sveriges Riksbank Working Paper Series, No. 423.