Regulatory Registry Gives Rare Transaction-Level View of Stablecoins Under Stress

arXiv·low signal

Blockchain pseudonymity usually forces researchers to infer participants via indirect proxies. Using an Austrian regulatory registry that directly identifies the on-chain addresses of all national crypto-asset service providers, this study delivers transaction-level evidence of how stablecoin activity integrates into a national economy and behaves under stress. A methodologically notable dataset for anyone analyzing on-chain financial-stability signals.