On the Legal Nature and Concept of Stablecoins

This is the authors' abstract. We don't add key points for this paper.

In the article, the author attempted to identify the legal nature of stablecoins based on a study of foreign practices of legal identification of stablecoins (using the examples of Japan, Switzerland, the USA and Great Britain), and an analysis of the points of view of foreign and Russian scientists. The author compared stablecoins with digital currencies (cryptocurrencies), digital financial assets and utilitarian digital rights, identifying similarities and differences. Having identified a significant difference in the legal nature of different types of stablecoins, the author formulated definitions of the concepts “stablecoins”, “collateralized stablecoins”, “algorithmic stablecoins”.