  This paper provides an overview on stablecoins and introduces a novel
terminology to help better identify stablecoins with truly disruptive
potential. It provides a compact definition for stablecoins, identifying the
unique features that make them distinct from previously known payment systems.
Furthermore, it surveys the different use cases for stablecoins as well as the
underlying economic incentives for creating them. Finally, it outlines critical
regulatory considerations that constrain stablecoins and summarizes key factors
that are driving their rapid development.
