id	sid	tid	token	lemma	pos
aijes-7151	1	1	agora	agora	PROPN
aijes-7151	1	2	international	international	PROPN
aijes-7151	1	3	journal	journal	NOUN
aijes-7151	1	4	of	of	ADP
aijes-7151	1	5	economical	economical	ADJ
aijes-7151	1	6	sciences	science	NOUN
aijes-7151	1	7	,	,	PUNCT
aijes-7151	1	8	http://univagora.ro/jour/index.php/aijes	http://univagora.ro/jour/index.php/aijes	PRON
aijes-7151	1	9	issn	issn	PROPN
aijes-7151	1	10	2067	2067	NUM
aijes-7151	1	11	-	-	SYM
aijes-7151	1	12	3310	3310	NUM
aijes-7151	1	13	,	,	PUNCT
aijes-7151	1	14	e	e	X
aijes-7151	1	15	-	-	PUNCT
aijes-7151	1	16	issn	issn	PROPN
aijes-7151	1	17	2067	2067	NUM
aijes-7151	1	18	-	-	SYM
aijes-7151	1	19	7669	7669	NUM
aijes-7151	1	20	vol	vol	NOUN
aijes-7151	1	21	.	.	PROPN
aijes-7151	1	22	19	19	NUM
aijes-7151	1	23	,	,	PUNCT
aijes-7151	1	24	no	no	INTJ
aijes-7151	1	25	.	.	NOUN
aijes-7151	1	26	1	1	NUM
aijes-7151	1	27	(	(	PUNCT
aijes-7151	1	28	2025	2025	NUM
aijes-7151	1	29	)	)	PUNCT
aijes-7151	1	30	,	,	PUNCT
aijes-7151	1	31	pp	pp	ADP
aijes-7151	1	32	.	.	PUNCT
aijes-7151	2	1	176	176	NUM
aijes-7151	2	2	-	-	SYM
aijes-7151	2	3	188	188	NUM
aijes-7151	2	4	176	176	NUM
aijes-7151	2	5	the	the	DET
aijes-7151	2	6	impact	impact	NOUN
aijes-7151	2	7	of	of	ADP
aijes-7151	2	8	stablecoins	stablecoin	NOUN
aijes-7151	2	9	on	on	ADP
aijes-7151	2	10	global	global	ADJ
aijes-7151	2	11	finance	finance	NOUN
aijes-7151	2	12	j.	j.	PROPN
aijes-7151	2	13	lapuh	lapuh	PROPN
aijes-7151	2	14	bele	bele	PROPN
aijes-7151	2	15	,	,	PUNCT
aijes-7151	2	16	t.	t.	PROPN
aijes-7151	2	17	bele	bele	PROPN
aijes-7151	2	18	julija	julija	PROPN
aijes-7151	2	19	lapuh	lapuh	X
aijes-7151	2	20	bele¹	bele¹	PROPN
aijes-7151	2	21	,	,	PUNCT
aijes-7151	2	22	tanja	tanja	NOUN
aijes-7151	2	23	bele²	bele²	VERB
aijes-7151	2	24	¹	¹	NUM
aijes-7151	2	25	²	²	NUM
aijes-7151	2	26	b2	b2	NOUN
aijes-7151	2	27	ljubljana	ljubljana	PROPN
aijes-7151	2	28	school	school	PROPN
aijes-7151	2	29	of	of	ADP
aijes-7151	2	30	business	business	PROPN
aijes-7151	2	31	https://orcid.org/0000-0003-4573-5409	https://orcid.org/0000-0003-4573-5409	PROPN
aijes-7151	2	32	,	,	PUNCT
aijes-7151	2	33	e	e	NOUN
aijes-7151	2	34	-	-	NOUN
aijes-7151	2	35	mail	mail	NOUN
aijes-7151	2	36	:	:	PUNCT
aijes-7151	2	37	julija.bele@vspv.si	julija.bele@vspv.si	VERB
aijes-7151	2	38	https://orcid.org/0009-0009-7644-1922	https://orcid.org/0009-0009-7644-1922	PROPN
aijes-7151	2	39	,	,	PUNCT
aijes-7151	2	40	e	e	NOUN
aijes-7151	2	41	-	-	NOUN
aijes-7151	2	42	mail	mail	NOUN
aijes-7151	2	43	:	:	PUNCT
aijes-7151	2	44	tanja.bele@vspv.si	tanja.bele@vspv.si	ADJ
aijes-7151	2	45	abstract	abstract	ADJ
aijes-7151	2	46	:	:	PUNCT
aijes-7151	2	47	stablecoins	stablecoin	NOUN
aijes-7151	2	48	represent	represent	VERB
aijes-7151	2	49	a	a	DET
aijes-7151	2	50	rapidly	rapidly	ADV
aijes-7151	2	51	growing	grow	VERB
aijes-7151	2	52	segment	segment	NOUN
aijes-7151	2	53	of	of	ADP
aijes-7151	2	54	the	the	DET
aijes-7151	2	55	cryptocurrency	cryptocurrency	NOUN
aijes-7151	2	56	market	market	NOUN
aijes-7151	2	57	,	,	PUNCT
aijes-7151	2	58	aiming	aim	VERB
aijes-7151	2	59	to	to	PART
aijes-7151	2	60	overcome	overcome	VERB
aijes-7151	2	61	the	the	DET
aijes-7151	2	62	high	high	ADJ
aijes-7151	2	63	volatility	volatility	NOUN
aijes-7151	2	64	of	of	ADP
aijes-7151	2	65	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	2	66	.	.	PUNCT
aijes-7151	3	1	their	their	PRON
aijes-7151	3	2	primary	primary	ADJ
aijes-7151	3	3	goal	goal	NOUN
aijes-7151	3	4	is	be	AUX
aijes-7151	3	5	maintaining	maintain	VERB
aijes-7151	3	6	a	a	DET
aijes-7151	3	7	stable	stable	ADJ
aijes-7151	3	8	value	value	NOUN
aijes-7151	3	9	,	,	PUNCT
aijes-7151	3	10	usually	usually	ADV
aijes-7151	3	11	pegged	peg	VERB
aijes-7151	3	12	to	to	ADP
aijes-7151	3	13	fiat	fiat	ADJ
aijes-7151	3	14	currencies	currency	NOUN
aijes-7151	3	15	(	(	PUNCT
aijes-7151	3	16	e.g.	e.g.	ADV
aijes-7151	3	17	,	,	PUNCT
aijes-7151	3	18	the	the	DET
aijes-7151	3	19	us	us	PROPN
aijes-7151	3	20	dollar	dollar	NOUN
aijes-7151	3	21	)	)	PUNCT
aijes-7151	3	22	,	,	PUNCT
aijes-7151	3	23	which	which	PRON
aijes-7151	3	24	facilitates	facilitate	VERB
aijes-7151	3	25	their	their	PRON
aijes-7151	3	26	use	use	NOUN
aijes-7151	3	27	in	in	ADP
aijes-7151	3	28	international	international	ADJ
aijes-7151	3	29	payments	payment	NOUN
aijes-7151	3	30	,	,	PUNCT
aijes-7151	3	31	as	as	ADP
aijes-7151	3	32	assets	asset	NOUN
aijes-7151	3	33	within	within	ADP
aijes-7151	3	34	decentralized	decentralized	ADJ
aijes-7151	3	35	finance	finance	NOUN
aijes-7151	3	36	(	(	PUNCT
aijes-7151	3	37	defi	defi	NOUN
aijes-7151	3	38	)	)	PUNCT
aijes-7151	3	39	,	,	PUNCT
aijes-7151	3	40	and	and	CCONJ
aijes-7151	3	41	as	as	ADP
aijes-7151	3	42	protection	protection	NOUN
aijes-7151	3	43	against	against	ADP
aijes-7151	3	44	inflation	inflation	NOUN
aijes-7151	3	45	.	.	PUNCT
aijes-7151	4	1	this	this	DET
aijes-7151	4	2	article	article	NOUN
aijes-7151	4	3	explores	explore	VERB
aijes-7151	4	4	blockchain	blockchain	PROPN
aijes-7151	4	5	technology	technology	PROPN
aijes-7151	4	6	,	,	PUNCT
aijes-7151	4	7	the	the	DET
aijes-7151	4	8	development	development	NOUN
aijes-7151	4	9	of	of	ADP
aijes-7151	4	10	stablecoins	stablecoin	NOUN
aijes-7151	4	11	,	,	PUNCT
aijes-7151	4	12	methods	method	NOUN
aijes-7151	4	13	of	of	ADP
aijes-7151	4	14	ensuring	ensure	VERB
aijes-7151	4	15	stability	stability	NOUN
aijes-7151	4	16	,	,	PUNCT
aijes-7151	4	17	and	and	CCONJ
aijes-7151	4	18	the	the	DET
aijes-7151	4	19	reasons	reason	NOUN
aijes-7151	4	20	for	for	ADP
aijes-7151	4	21	their	their	PRON
aijes-7151	4	22	popularity	popularity	NOUN
aijes-7151	4	23	among	among	ADP
aijes-7151	4	24	users	user	NOUN
aijes-7151	4	25	.	.	PUNCT
aijes-7151	5	1	special	special	ADJ
aijes-7151	5	2	emphasis	emphasis	NOUN
aijes-7151	5	3	is	be	AUX
aijes-7151	5	4	placed	place	VERB
aijes-7151	5	5	on	on	ADP
aijes-7151	5	6	regulation	regulation	NOUN
aijes-7151	5	7	at	at	ADP
aijes-7151	5	8	both	both	CCONJ
aijes-7151	5	9	the	the	DET
aijes-7151	5	10	eu	eu	PROPN
aijes-7151	5	11	and	and	CCONJ
aijes-7151	5	12	us	us	PROPN
aijes-7151	5	13	levels	level	NOUN
aijes-7151	5	14	,	,	PUNCT
aijes-7151	5	15	evaluating	evaluate	VERB
aijes-7151	5	16	the	the	DET
aijes-7151	5	17	compliance	compliance	NOUN
aijes-7151	5	18	of	of	ADP
aijes-7151	5	19	the	the	DET
aijes-7151	5	20	most	most	ADV
aijes-7151	5	21	widely	widely	ADV
aijes-7151	5	22	used	use	VERB
aijes-7151	5	23	stablecoins	stablecoin	NOUN
aijes-7151	5	24	within	within	ADP
aijes-7151	5	25	legal	legal	ADJ
aijes-7151	5	26	frameworks	framework	NOUN
aijes-7151	5	27	.	.	PUNCT
aijes-7151	6	1	this	this	DET
aijes-7151	6	2	research	research	NOUN
aijes-7151	6	3	investigates	investigate	VERB
aijes-7151	6	4	advantages	advantage	NOUN
aijes-7151	6	5	and	and	CCONJ
aijes-7151	6	6	risks	risk	NOUN
aijes-7151	6	7	,	,	PUNCT
aijes-7151	6	8	including	include	VERB
aijes-7151	6	9	their	their	PRON
aijes-7151	6	10	use	use	NOUN
aijes-7151	6	11	in	in	ADP
aijes-7151	6	12	criminal	criminal	ADJ
aijes-7151	6	13	activities	activity	NOUN
aijes-7151	6	14	,	,	PUNCT
aijes-7151	6	15	legal	legal	ADJ
aijes-7151	6	16	ambiguities	ambiguity	NOUN
aijes-7151	6	17	,	,	PUNCT
aijes-7151	6	18	and	and	CCONJ
aijes-7151	6	19	potential	potential	ADJ
aijes-7151	6	20	instability	instability	NOUN
aijes-7151	6	21	.	.	PUNCT
aijes-7151	7	1	quantitative	quantitative	ADJ
aijes-7151	7	2	and	and	CCONJ
aijes-7151	7	3	qualitative	qualitative	ADJ
aijes-7151	7	4	methods	method	NOUN
aijes-7151	7	5	were	be	AUX
aijes-7151	7	6	utilized	utilize	VERB
aijes-7151	7	7	,	,	PUNCT
aijes-7151	7	8	including	include	VERB
aijes-7151	7	9	analysis	analysis	NOUN
aijes-7151	7	10	of	of	ADP
aijes-7151	7	11	market	market	NOUN
aijes-7151	7	12	capitalization	capitalization	NOUN
aijes-7151	7	13	,	,	PUNCT
aijes-7151	7	14	stability	stability	NOUN
aijes-7151	7	15	assurance	assurance	NOUN
aijes-7151	7	16	mechanisms	mechanism	NOUN
aijes-7151	7	17	,	,	PUNCT
aijes-7151	7	18	and	and	CCONJ
aijes-7151	7	19	regulatory	regulatory	ADJ
aijes-7151	7	20	policies	policy	NOUN
aijes-7151	7	21	.	.	PUNCT
aijes-7151	8	1	findings	finding	NOUN
aijes-7151	8	2	reveal	reveal	VERB
aijes-7151	8	3	that	that	SCONJ
aijes-7151	8	4	investors	investor	NOUN
aijes-7151	8	5	trust	trust	NOUN
aijes-7151	8	6	stablecoins	stablecoin	NOUN
aijes-7151	8	7	backed	back	VERB
aijes-7151	8	8	by	by	ADP
aijes-7151	8	9	fiat	fiat	ADJ
aijes-7151	8	10	currency	currency	NOUN
aijes-7151	8	11	reserves	reserve	NOUN
aijes-7151	8	12	(	(	PUNCT
aijes-7151	8	13	particularly	particularly	ADV
aijes-7151	8	14	usd	usd	NOUN
aijes-7151	8	15	)	)	PUNCT
aijes-7151	8	16	the	the	DET
aijes-7151	8	17	most	most	ADJ
aijes-7151	8	18	,	,	PUNCT
aijes-7151	8	19	with	with	ADP
aijes-7151	8	20	tether	tether	NOUN
aijes-7151	8	21	(	(	PUNCT
aijes-7151	8	22	usdt	usdt	NOUN
aijes-7151	8	23	)	)	PUNCT
aijes-7151	8	24	holding	hold	VERB
aijes-7151	8	25	the	the	DET
aijes-7151	8	26	largest	large	ADJ
aijes-7151	8	27	market	market	NOUN
aijes-7151	8	28	share	share	NOUN
aijes-7151	8	29	,	,	PUNCT
aijes-7151	8	30	despite	despite	SCONJ
aijes-7151	8	31	its	its	PRON
aijes-7151	8	32	lack	lack	NOUN
aijes-7151	8	33	of	of	ADP
aijes-7151	8	34	full	full	ADJ
aijes-7151	8	35	legislative	legislative	ADJ
aijes-7151	8	36	compliance	compliance	NOUN
aijes-7151	8	37	.	.	PUNCT
aijes-7151	9	1	the	the	DET
aijes-7151	9	2	article	article	NOUN
aijes-7151	9	3	highlights	highlight	VERB
aijes-7151	9	4	the	the	DET
aijes-7151	9	5	key	key	ADJ
aijes-7151	9	6	challenges	challenge	NOUN
aijes-7151	9	7	and	and	CCONJ
aijes-7151	9	8	opportunities	opportunity	NOUN
aijes-7151	9	9	stablecoins	stablecoin	NOUN
aijes-7151	9	10	present	present	ADJ
aijes-7151	9	11	to	to	ADP
aijes-7151	9	12	individuals	individual	NOUN
aijes-7151	9	13	and	and	CCONJ
aijes-7151	9	14	financial	financial	ADJ
aijes-7151	9	15	markets	market	NOUN
aijes-7151	9	16	.	.	PUNCT
aijes-7151	10	1	keywords	keyword	NOUN
aijes-7151	10	2	:	:	PUNCT
aijes-7151	10	3	cryptocurrency	cryptocurrency	NOUN
aijes-7151	10	4	,	,	PUNCT
aijes-7151	10	5	decentralised	decentralise	VERB
aijes-7151	10	6	finance	finance	NOUN
aijes-7151	10	7	,	,	PUNCT
aijes-7151	10	8	stablecoin	stablecoin	ADJ
aijes-7151	10	9	introduction	introduction	NOUN
aijes-7151	10	10	in	in	ADP
aijes-7151	10	11	2024	2024	NUM
aijes-7151	10	12	,	,	PUNCT
aijes-7151	10	13	significant	significant	ADJ
aijes-7151	10	14	events	event	NOUN
aijes-7151	10	15	occurred	occur	VERB
aijes-7151	10	16	in	in	ADP
aijes-7151	10	17	the	the	DET
aijes-7151	10	18	cryptocurrency	cryptocurrency	NOUN
aijes-7151	10	19	market	market	NOUN
aijes-7151	10	20	,	,	PUNCT
aijes-7151	10	21	including	include	VERB
aijes-7151	10	22	the	the	DET
aijes-7151	10	23	emergence	emergence	NOUN
aijes-7151	10	24	of	of	ADP
aijes-7151	10	25	financial	financial	ADJ
aijes-7151	10	26	products	product	NOUN
aijes-7151	10	27	that	that	PRON
aijes-7151	10	28	mark	mark	VERB
aijes-7151	10	29	the	the	DET
aijes-7151	10	30	entry	entry	NOUN
aijes-7151	10	31	of	of	ADP
aijes-7151	10	32	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	10	33	into	into	ADP
aijes-7151	10	34	the	the	DET
aijes-7151	10	35	traditional	traditional	ADJ
aijes-7151	10	36	financial	financial	ADJ
aijes-7151	10	37	world	world	NOUN
aijes-7151	10	38	.	.	PUNCT
aijes-7151	11	1	among	among	ADP
aijes-7151	11	2	these	these	PRON
aijes-7151	11	3	,	,	PUNCT
aijes-7151	11	4	it	it	PRON
aijes-7151	11	5	is	be	AUX
aijes-7151	11	6	important	important	ADJ
aijes-7151	11	7	to	to	PART
aijes-7151	11	8	highlight	highlight	VERB
aijes-7151	11	9	the	the	DET
aijes-7151	11	10	option	option	NOUN
aijes-7151	11	11	of	of	ADP
aijes-7151	11	12	trading	trade	VERB
aijes-7151	11	13	exchangetraded	exchangetrade	VERB
aijes-7151	11	14	funds	fund	NOUN
aijes-7151	11	15	(	(	PUNCT
aijes-7151	11	16	etfs	etfs	PROPN
aijes-7151	11	17	)	)	PUNCT
aijes-7151	11	18	,	,	PUNCT
aijes-7151	11	19	which	which	PRON
aijes-7151	11	20	enable	enable	VERB
aijes-7151	11	21	the	the	DET
aijes-7151	11	22	indirect	indirect	ADJ
aijes-7151	11	23	purchase	purchase	NOUN
aijes-7151	11	24	of	of	ADP
aijes-7151	11	25	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	11	26	on	on	ADP
aijes-7151	11	27	traditional	traditional	ADJ
aijes-7151	11	28	securities	security	NOUN
aijes-7151	11	29	exchanges	exchange	NOUN
aijes-7151	11	30	.	.	PUNCT
aijes-7151	12	1	(	(	PUNCT
aijes-7151	12	2	lapuh	lapuh	X
aijes-7151	12	3	bele	bele	X
aijes-7151	12	4	,	,	PUNCT
aijes-7151	12	5	2025	2025	NUM
aijes-7151	12	6	)	)	PUNCT
aijes-7151	12	7	.	.	PUNCT
aijes-7151	13	1	in	in	ADP
aijes-7151	13	2	this	this	DET
aijes-7151	13	3	article	article	NOUN
aijes-7151	13	4	,	,	PUNCT
aijes-7151	13	5	we	we	PRON
aijes-7151	13	6	focus	focus	VERB
aijes-7151	13	7	on	on	ADP
aijes-7151	13	8	stablecoins	stablecoin	NOUN
aijes-7151	13	9	,	,	PUNCT
aijes-7151	13	10	which	which	PRON
aijes-7151	13	11	also	also	ADV
aijes-7151	13	12	serve	serve	VERB
aijes-7151	13	13	as	as	ADP
aijes-7151	13	14	a	a	DET
aijes-7151	13	15	bridge	bridge	NOUN
aijes-7151	13	16	between	between	ADP
aijes-7151	13	17	traditional	traditional	ADJ
aijes-7151	13	18	and	and	CCONJ
aijes-7151	13	19	decentralized	decentralized	ADJ
aijes-7151	13	20	finance	finance	NOUN
aijes-7151	13	21	.	.	PUNCT
aijes-7151	14	1	decentralized	decentralize	VERB
aijes-7151	14	2	finance	finance	NOUN
aijes-7151	14	3	(	(	PUNCT
aijes-7151	14	4	defi	defi	PROPN
aijes-7151	14	5	)	)	PUNCT
aijes-7151	14	6	refers	refer	VERB
aijes-7151	14	7	to	to	ADP
aijes-7151	14	8	financial	financial	ADJ
aijes-7151	14	9	systems	system	NOUN
aijes-7151	14	10	built	build	VERB
aijes-7151	14	11	on	on	ADP
aijes-7151	14	12	blockchain	blockchain	PROPN
aijes-7151	14	13	technology	technology	PROPN
aijes-7151	14	14	that	that	PRON
aijes-7151	14	15	facilitate	facilitate	VERB
aijes-7151	14	16	transactions	transaction	NOUN
aijes-7151	14	17	without	without	ADP
aijes-7151	14	18	intermediaries	intermediary	NOUN
aijes-7151	14	19	such	such	ADJ
aijes-7151	14	20	as	as	ADP
aijes-7151	14	21	banks	bank	NOUN
aijes-7151	14	22	or	or	CCONJ
aijes-7151	14	23	traditional	traditional	ADJ
aijes-7151	14	24	financial	financial	ADJ
aijes-7151	14	25	institutions	institution	NOUN
aijes-7151	14	26	.	.	PUNCT
aijes-7151	15	1	these	these	DET
aijes-7151	15	2	systems	system	NOUN
aijes-7151	15	3	leverage	leverage	VERB
aijes-7151	15	4	smart	smart	ADJ
aijes-7151	15	5	contracts	contract	NOUN
aijes-7151	15	6	and	and	CCONJ
aijes-7151	15	7	decentralized	decentralized	ADJ
aijes-7151	15	8	protocols	protocol	NOUN
aijes-7151	15	9	to	to	PART
aijes-7151	15	10	enable	enable	VERB
aijes-7151	15	11	secure	secure	ADJ
aijes-7151	15	12	,	,	PUNCT
aijes-7151	15	13	transparent	transparent	ADJ
aijes-7151	15	14	,	,	PUNCT
aijes-7151	15	15	and	and	CCONJ
aijes-7151	15	16	autonomous	autonomous	ADJ
aijes-7151	15	17	financial	financial	ADJ
aijes-7151	15	18	interactions	interaction	NOUN
aijes-7151	15	19	,	,	PUNCT
aijes-7151	15	20	reducing	reduce	VERB
aijes-7151	15	21	reliance	reliance	NOUN
aijes-7151	15	22	on	on	ADP
aijes-7151	15	23	centralized	centralized	ADJ
aijes-7151	15	24	entities	entity	NOUN
aijes-7151	15	25	while	while	SCONJ
aijes-7151	15	26	enhancing	enhance	VERB
aijes-7151	15	27	accessibility	accessibility	NOUN
aijes-7151	15	28	and	and	CCONJ
aijes-7151	15	29	efficiency	efficiency	NOUN
aijes-7151	15	30	within	within	ADP
aijes-7151	15	31	the	the	DET
aijes-7151	15	32	financial	financial	ADJ
aijes-7151	15	33	ecosystem	ecosystem	NOUN
aijes-7151	15	34	.	.	PUNCT
aijes-7151	16	1	stablecoins	stablecoin	NOUN
aijes-7151	16	2	are	be	AUX
aijes-7151	16	3	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	16	4	that	that	PRON
aijes-7151	16	5	maintain	maintain	VERB
aijes-7151	16	6	their	their	PRON
aijes-7151	16	7	value	value	NOUN
aijes-7151	16	8	by	by	ADP
aijes-7151	16	9	being	be	AUX
aijes-7151	16	10	tied	tie	VERB
aijes-7151	16	11	to	to	ADP
aijes-7151	16	12	a	a	DET
aijes-7151	16	13	specific	specific	ADJ
aijes-7151	16	14	reference	reference	NOUN
aijes-7151	16	15	asset	asset	NOUN
aijes-7151	16	16	or	or	CCONJ
aijes-7151	16	17	value	value	NOUN
aijes-7151	16	18	,	,	PUNCT
aijes-7151	16	19	such	such	ADJ
aijes-7151	16	20	as	as	ADP
aijes-7151	16	21	the	the	DET
aijes-7151	16	22	fiat	fiat	ADJ
aijes-7151	16	23	currency	currency	NOUN
aijes-7151	16	24	usd	usd	NOUN
aijes-7151	16	25	.	.	PUNCT
aijes-7151	17	1	a	a	DET
aijes-7151	17	2	key	key	ADJ
aijes-7151	17	3	characteristic	characteristic	NOUN
aijes-7151	17	4	of	of	ADP
aijes-7151	17	5	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	17	6	is	be	AUX
aijes-7151	17	7	their	their	PRON
aijes-7151	17	8	volatility	volatility	NOUN
aijes-7151	17	9	—	—	PUNCT
aijes-7151	17	10	their	their	PRON
aijes-7151	17	11	prices	price	NOUN
aijes-7151	17	12	can	can	AUX
aijes-7151	17	13	fluctuate	fluctuate	VERB
aijes-7151	17	14	significantly	significantly	ADV
aijes-7151	17	15	,	,	PUNCT
aijes-7151	17	16	which	which	PRON
aijes-7151	17	17	enables	enable	VERB
aijes-7151	17	18	investors	investor	NOUN
aijes-7151	17	19	to	to	PART
aijes-7151	17	20	gain	gain	VERB
aijes-7151	17	21	large	large	ADJ
aijes-7151	17	22	https://orcid.org/0000-0003-4573-5409	https://orcid.org/0000-0003-4573-5409	NOUN
aijes-7151	17	23	mailto:julija.bele@vspv.si	mailto:julija.bele@vspv.si	PROPN
aijes-7151	17	24	https://orcid.org/0009-0009-7644-1922	https://orcid.org/0009-0009-7644-1922	DET
aijes-7151	17	25	mailto:tanja.bele@vspv.si	mailto:tanja.bele@vspv.si	PROPN
aijes-7151	17	26	julija	julija	NOUN
aijes-7151	17	27	lapuh	lapuh	X
aijes-7151	17	28	bele	bele	X
aijes-7151	17	29	,	,	PUNCT
aijes-7151	17	30	tanja	tanja	PROPN
aijes-7151	17	31	bele	bele	PROPN
aijes-7151	17	32	177	177	NUM
aijes-7151	17	33	profits	profit	NOUN
aijes-7151	17	34	or	or	CCONJ
aijes-7151	17	35	suffer	suffer	VERB
aijes-7151	17	36	major	major	ADJ
aijes-7151	17	37	losses	loss	NOUN
aijes-7151	17	38	.	.	PUNCT
aijes-7151	18	1	as	as	ADP
aijes-7151	18	2	a	a	DET
aijes-7151	18	3	result	result	NOUN
aijes-7151	18	4	,	,	PUNCT
aijes-7151	18	5	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	18	6	have	have	AUX
aijes-7151	18	7	been	be	AUX
aijes-7151	18	8	popular	popular	ADJ
aijes-7151	18	9	among	among	ADP
aijes-7151	18	10	speculative	speculative	ADJ
aijes-7151	18	11	investors	investor	NOUN
aijes-7151	18	12	.	.	PUNCT
aijes-7151	19	1	these	these	PRON
aijes-7151	19	2	are	be	AUX
aijes-7151	19	3	individuals	individual	NOUN
aijes-7151	19	4	or	or	CCONJ
aijes-7151	19	5	institutions	institution	NOUN
aijes-7151	19	6	willing	willing	ADJ
aijes-7151	19	7	to	to	PART
aijes-7151	19	8	take	take	VERB
aijes-7151	19	9	on	on	ADP
aijes-7151	19	10	high	high	ADJ
aijes-7151	19	11	levels	level	NOUN
aijes-7151	19	12	of	of	ADP
aijes-7151	19	13	risk	risk	NOUN
aijes-7151	19	14	,	,	PUNCT
aijes-7151	19	15	aiming	aim	VERB
aijes-7151	19	16	for	for	ADP
aijes-7151	19	17	significant	significant	ADJ
aijes-7151	19	18	returns	return	NOUN
aijes-7151	19	19	due	due	ADP
aijes-7151	19	20	to	to	ADP
aijes-7151	19	21	short	short	ADJ
aijes-7151	19	22	-	-	PUNCT
aijes-7151	19	23	term	term	NOUN
aijes-7151	19	24	price	price	NOUN
aijes-7151	19	25	movements	movement	NOUN
aijes-7151	19	26	.	.	PUNCT
aijes-7151	20	1	for	for	ADP
aijes-7151	20	2	cautious	cautious	ADJ
aijes-7151	20	3	investors	investor	NOUN
aijes-7151	20	4	,	,	PUNCT
aijes-7151	20	5	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	20	6	were	be	AUX
aijes-7151	20	7	not	not	PART
aijes-7151	20	8	appealing	appeal	VERB
aijes-7151	20	9	for	for	ADP
aijes-7151	20	10	a	a	DET
aijes-7151	20	11	long	long	ADJ
aijes-7151	20	12	time	time	NOUN
aijes-7151	20	13	.	.	PUNCT
aijes-7151	21	1	they	they	PRON
aijes-7151	21	2	were	be	AUX
aijes-7151	21	3	primarily	primarily	ADV
aijes-7151	21	4	purchased	purchase	VERB
aijes-7151	21	5	by	by	ADP
aijes-7151	21	6	technology	technology	NOUN
aijes-7151	21	7	enthusiasts	enthusiast	NOUN
aijes-7151	21	8	and	and	CCONJ
aijes-7151	21	9	speculative	speculative	ADJ
aijes-7151	21	10	traders	trader	NOUN
aijes-7151	21	11	.	.	PUNCT
aijes-7151	22	1	as	as	SCONJ
aijes-7151	22	2	shown	show	VERB
aijes-7151	22	3	by	by	ADP
aijes-7151	22	4	cryptocurrency	cryptocurrency	NOUN
aijes-7151	22	5	market	market	NOUN
aijes-7151	22	6	capitalization	capitalization	NOUN
aijes-7151	22	7	data	datum	NOUN
aijes-7151	22	8	,	,	PUNCT
aijes-7151	22	9	the	the	DET
aijes-7151	22	10	crypto	crypto	NOUN
aijes-7151	22	11	market	market	NOUN
aijes-7151	22	12	has	have	AUX
aijes-7151	22	13	expanded	expand	VERB
aijes-7151	22	14	considerably	considerably	ADV
aijes-7151	22	15	over	over	ADP
aijes-7151	22	16	the	the	DET
aijes-7151	22	17	past	past	ADJ
aijes-7151	22	18	five	five	NUM
aijes-7151	22	19	years	year	NOUN
aijes-7151	22	20	(	(	PUNCT
aijes-7151	22	21	figure	figure	NOUN
aijes-7151	22	22	1	1	NUM
aijes-7151	22	23	)	)	PUNCT
aijes-7151	22	24	.	.	PUNCT
aijes-7151	23	1	many	many	ADJ
aijes-7151	23	2	new	new	ADJ
aijes-7151	23	3	technological	technological	ADJ
aijes-7151	23	4	solutions	solution	NOUN
aijes-7151	23	5	and	and	CCONJ
aijes-7151	23	6	their	their	PRON
aijes-7151	23	7	associated	associated	ADJ
aijes-7151	23	8	offerings	offering	NOUN
aijes-7151	23	9	have	have	AUX
aijes-7151	23	10	attracted	attract	VERB
aijes-7151	23	11	researchers	researcher	NOUN
aijes-7151	23	12	,	,	PUNCT
aijes-7151	23	13	the	the	DET
aijes-7151	23	14	interested	interested	ADJ
aijes-7151	23	15	public	public	NOUN
aijes-7151	23	16	,	,	PUNCT
aijes-7151	23	17	and	and	CCONJ
aijes-7151	23	18	investors	investor	NOUN
aijes-7151	23	19	.	.	PUNCT
aijes-7151	24	1	we	we	PRON
aijes-7151	24	2	decided	decide	VERB
aijes-7151	24	3	to	to	PART
aijes-7151	24	4	study	study	VERB
aijes-7151	24	5	stablecoins	stablecoin	NOUN
aijes-7151	24	6	because	because	SCONJ
aijes-7151	24	7	they	they	PRON
aijes-7151	24	8	represent	represent	VERB
aijes-7151	24	9	a	a	DET
aijes-7151	24	10	fascinating	fascinating	ADJ
aijes-7151	24	11	phenomenon	phenomenon	NOUN
aijes-7151	24	12	whose	whose	DET
aijes-7151	24	13	growing	grow	VERB
aijes-7151	24	14	popularity	popularity	NOUN
aijes-7151	24	15	gives	give	VERB
aijes-7151	24	16	rise	rise	NOUN
aijes-7151	24	17	to	to	ADP
aijes-7151	24	18	numerous	numerous	ADJ
aijes-7151	24	19	research	research	NOUN
aijes-7151	24	20	questions	question	NOUN
aijes-7151	24	21	.	.	PUNCT
aijes-7151	25	1	this	this	DET
aijes-7151	25	2	article	article	NOUN
aijes-7151	25	3	presents	present	VERB
aijes-7151	25	4	stablecoins	stablecoin	NOUN
aijes-7151	25	5	and	and	CCONJ
aijes-7151	25	6	the	the	DET
aijes-7151	25	7	technologies	technology	NOUN
aijes-7151	25	8	associated	associate	VERB
aijes-7151	25	9	with	with	ADP
aijes-7151	25	10	them	they	PRON
aijes-7151	25	11	,	,	PUNCT
aijes-7151	25	12	legal	legal	ADJ
aijes-7151	25	13	considerations	consideration	NOUN
aijes-7151	25	14	,	,	PUNCT
aijes-7151	25	15	and	and	CCONJ
aijes-7151	25	16	their	their	PRON
aijes-7151	25	17	usefulness	usefulness	NOUN
aijes-7151	25	18	in	in	ADP
aijes-7151	25	19	various	various	ADJ
aijes-7151	25	20	contexts	contexts	NOUN
aijes-7151	25	21	,	,	PUNCT
aijes-7151	25	22	including	include	VERB
aijes-7151	25	23	criminal	criminal	ADJ
aijes-7151	25	24	activity	activity	NOUN
aijes-7151	25	25	.	.	PUNCT
aijes-7151	26	1	we	we	PRON
aijes-7151	26	2	formulated	formulate	VERB
aijes-7151	26	3	research	research	NOUN
aijes-7151	26	4	questions	question	NOUN
aijes-7151	26	5	and	and	CCONJ
aijes-7151	26	6	sought	seek	VERB
aijes-7151	26	7	answers	answer	NOUN
aijes-7151	26	8	to	to	ADP
aijes-7151	26	9	them	they	PRON
aijes-7151	26	10	.	.	PUNCT
aijes-7151	27	1	crypto	crypto	NOUN
aijes-7151	27	2	-	-	NOUN
aijes-7151	27	3	assets	asset	NOUN
aijes-7151	27	4	the	the	DET
aijes-7151	27	5	theoretical	theoretical	ADJ
aijes-7151	27	6	framework	framework	NOUN
aijes-7151	27	7	introduces	introduce	VERB
aijes-7151	27	8	blockchain	blockchain	PROPN
aijes-7151	27	9	technology	technology	PROPN
aijes-7151	27	10	and	and	CCONJ
aijes-7151	27	11	its	its	PRON
aijes-7151	27	12	practical	practical	ADJ
aijes-7151	27	13	relevance	relevance	NOUN
aijes-7151	27	14	,	,	PUNCT
aijes-7151	27	15	placing	place	VERB
aijes-7151	27	16	a	a	DET
aijes-7151	27	17	specific	specific	ADJ
aijes-7151	27	18	focus	focus	NOUN
aijes-7151	27	19	on	on	ADP
aijes-7151	27	20	stablecoins	stablecoin	NOUN
aijes-7151	27	21	.	.	PUNCT
aijes-7151	28	1	it	it	PRON
aijes-7151	28	2	outlines	outline	VERB
aijes-7151	28	3	the	the	DET
aijes-7151	28	4	core	core	ADJ
aijes-7151	28	5	concept	concept	NOUN
aijes-7151	28	6	of	of	ADP
aijes-7151	28	7	stablecoins	stablecoin	NOUN
aijes-7151	28	8	,	,	PUNCT
aijes-7151	28	9	examines	examine	VERB
aijes-7151	28	10	their	their	PRON
aijes-7151	28	11	regulatory	regulatory	ADJ
aijes-7151	28	12	treatment	treatment	NOUN
aijes-7151	28	13	across	across	ADP
aijes-7151	28	14	major	major	ADJ
aijes-7151	28	15	global	global	ADJ
aijes-7151	28	16	economies	economy	NOUN
aijes-7151	28	17	,	,	PUNCT
aijes-7151	28	18	and	and	CCONJ
aijes-7151	28	19	investigates	investigate	VERB
aijes-7151	28	20	their	their	PRON
aijes-7151	28	21	links	link	NOUN
aijes-7151	28	22	to	to	ADP
aijes-7151	28	23	illicit	illicit	ADJ
aijes-7151	28	24	activities	activity	NOUN
aijes-7151	28	25	and	and	CCONJ
aijes-7151	28	26	the	the	DET
aijes-7151	28	27	criminal	criminal	ADJ
aijes-7151	28	28	underworld	underworld	NOUN
aijes-7151	28	29	.	.	PUNCT
aijes-7151	29	1	blockchain	blockchain	PROPN
aijes-7151	29	2	technologies	technologies	PROPN
aijes-7151	29	3	blockchain	blockchain	PROPN
aijes-7151	29	4	technology	technology	PROPN
aijes-7151	29	5	and	and	CCONJ
aijes-7151	29	6	the	the	DET
aijes-7151	29	7	first	first	ADJ
aijes-7151	29	8	associated	associated	ADJ
aijes-7151	29	9	cryptocurrency	cryptocurrency	NOUN
aijes-7151	29	10	,	,	PUNCT
aijes-7151	29	11	bitcoin	bitcoin	PROPN
aijes-7151	29	12	(	(	PUNCT
aijes-7151	29	13	btc	btc	PROPN
aijes-7151	29	14	)	)	PUNCT
aijes-7151	29	15	,	,	PUNCT
aijes-7151	29	16	were	be	AUX
aijes-7151	29	17	introduced	introduce	VERB
aijes-7151	29	18	by	by	ADP
aijes-7151	29	19	an	an	DET
aijes-7151	29	20	anonymous	anonymous	ADJ
aijes-7151	29	21	individual	individual	NOUN
aijes-7151	29	22	using	use	VERB
aijes-7151	29	23	the	the	DET
aijes-7151	29	24	pseudonym	pseudonym	NOUN
aijes-7151	29	25	satoshi	satoshi	PROPN
aijes-7151	29	26	nakamoto	nakamoto	PROPN
aijes-7151	29	27	.	.	PUNCT
aijes-7151	30	1	he	he	PRON
aijes-7151	30	2	envisioned	envision	VERB
aijes-7151	30	3	a	a	DET
aijes-7151	30	4	digital	digital	ADJ
aijes-7151	30	5	means	mean	NOUN
aijes-7151	30	6	of	of	ADP
aijes-7151	30	7	payment	payment	NOUN
aijes-7151	30	8	and	and	CCONJ
aijes-7151	30	9	a	a	DET
aijes-7151	30	10	secure	secure	ADJ
aijes-7151	30	11	technology	technology	NOUN
aijes-7151	30	12	that	that	PRON
aijes-7151	30	13	functions	function	VERB
aijes-7151	30	14	transparently	transparently	ADV
aijes-7151	30	15	and	and	CCONJ
aijes-7151	30	16	reliably	reliably	ADV
aijes-7151	30	17	without	without	ADP
aijes-7151	30	18	the	the	DET
aijes-7151	30	19	need	need	NOUN
aijes-7151	30	20	for	for	ADP
aijes-7151	30	21	central	central	ADJ
aijes-7151	30	22	institutions	institution	NOUN
aijes-7151	30	23	such	such	ADJ
aijes-7151	30	24	as	as	ADP
aijes-7151	30	25	banks	bank	NOUN
aijes-7151	30	26	.	.	PUNCT
aijes-7151	31	1	payments	payment	NOUN
aijes-7151	31	2	are	be	AUX
aijes-7151	31	3	made	make	VERB
aijes-7151	31	4	directly	directly	ADV
aijes-7151	31	5	between	between	ADP
aijes-7151	31	6	users	user	NOUN
aijes-7151	31	7	(	(	PUNCT
aijes-7151	31	8	nakamoto	nakamoto	NOUN
aijes-7151	31	9	,	,	PUNCT
aijes-7151	31	10	2008	2008	NUM
aijes-7151	31	11	)	)	PUNCT
aijes-7151	31	12	.	.	PUNCT
aijes-7151	32	1	blockchain	blockchain	PROPN
aijes-7151	32	2	technology	technology	PROPN
aijes-7151	32	3	represents	represent	VERB
aijes-7151	32	4	a	a	DET
aijes-7151	32	5	significant	significant	ADJ
aijes-7151	32	6	advancement	advancement	NOUN
aijes-7151	32	7	in	in	ADP
aijes-7151	32	8	secure	secure	ADJ
aijes-7151	32	9	data	datum	NOUN
aijes-7151	32	10	storage	storage	NOUN
aijes-7151	32	11	and	and	CCONJ
aijes-7151	32	12	transfer	transfer	NOUN
aijes-7151	32	13	.	.	PUNCT
aijes-7151	33	1	it	it	PRON
aijes-7151	33	2	establishes	establish	VERB
aijes-7151	33	3	a	a	DET
aijes-7151	33	4	decentralized	decentralize	VERB
aijes-7151	33	5	digital	digital	ADJ
aijes-7151	33	6	ledger	ledger	NOUN
aijes-7151	33	7	where	where	SCONJ
aijes-7151	33	8	data	datum	NOUN
aijes-7151	33	9	is	be	AUX
aijes-7151	33	10	organized	organize	VERB
aijes-7151	33	11	into	into	ADP
aijes-7151	33	12	sequential	sequential	ADJ
aijes-7151	33	13	blocks	block	NOUN
aijes-7151	33	14	.	.	PUNCT
aijes-7151	34	1	this	this	DET
aijes-7151	34	2	system	system	NOUN
aijes-7151	34	3	is	be	AUX
aijes-7151	34	4	maintained	maintain	VERB
aijes-7151	34	5	by	by	ADP
aijes-7151	34	6	a	a	DET
aijes-7151	34	7	distributed	distribute	VERB
aijes-7151	34	8	network	network	NOUN
aijes-7151	34	9	of	of	ADP
aijes-7151	34	10	computers	computer	NOUN
aijes-7151	34	11	,	,	PUNCT
aijes-7151	34	12	called	call	VERB
aijes-7151	34	13	nodes	node	NOUN
aijes-7151	34	14	,	,	PUNCT
aijes-7151	34	15	which	which	PRON
aijes-7151	34	16	collectively	collectively	ADV
aijes-7151	34	17	verify	verify	VERB
aijes-7151	34	18	and	and	CCONJ
aijes-7151	34	19	preserve	preserve	VERB
aijes-7151	34	20	data	datum	NOUN
aijes-7151	34	21	integrity	integrity	NOUN
aijes-7151	34	22	.	.	PUNCT
aijes-7151	35	1	since	since	SCONJ
aijes-7151	35	2	data	datum	NOUN
aijes-7151	35	3	is	be	AUX
aijes-7151	35	4	distributed	distribute	VERB
aijes-7151	35	5	across	across	ADP
aijes-7151	35	6	the	the	DET
aijes-7151	35	7	network	network	NOUN
aijes-7151	35	8	and	and	CCONJ
aijes-7151	35	9	the	the	DET
aijes-7151	35	10	transaction	transaction	NOUN
aijes-7151	35	11	ledger	ledger	NOUN
aijes-7151	35	12	can	can	AUX
aijes-7151	35	13	be	be	AUX
aijes-7151	35	14	stored	store	VERB
aijes-7151	35	15	by	by	ADP
aijes-7151	35	16	any	any	DET
aijes-7151	35	17	user	user	NOUN
aijes-7151	35	18	,	,	PUNCT
aijes-7151	35	19	this	this	DET
aijes-7151	35	20	architecture	architecture	NOUN
aijes-7151	35	21	reduces	reduce	VERB
aijes-7151	35	22	the	the	DET
aijes-7151	35	23	risk	risk	NOUN
aijes-7151	35	24	of	of	ADP
aijes-7151	35	25	cyberattacks	cyberattack	NOUN
aijes-7151	35	26	and	and	CCONJ
aijes-7151	35	27	errors	error	NOUN
aijes-7151	35	28	.	.	PUNCT
aijes-7151	36	1	before	before	SCONJ
aijes-7151	36	2	a	a	DET
aijes-7151	36	3	new	new	ADJ
aijes-7151	36	4	block	block	NOUN
aijes-7151	36	5	is	be	AUX
aijes-7151	36	6	added	add	VERB
aijes-7151	36	7	to	to	ADP
aijes-7151	36	8	the	the	DET
aijes-7151	36	9	chain	chain	NOUN
aijes-7151	36	10	,	,	PUNCT
aijes-7151	36	11	the	the	DET
aijes-7151	36	12	network	network	NOUN
aijes-7151	36	13	must	must	AUX
aijes-7151	36	14	reach	reach	VERB
aijes-7151	36	15	consensus	consensus	NOUN
aijes-7151	36	16	,	,	PUNCT
aijes-7151	36	17	typically	typically	ADV
aijes-7151	36	18	ensured	ensure	VERB
aijes-7151	36	19	by	by	ADP
aijes-7151	36	20	verification	verification	NOUN
aijes-7151	36	21	algorithms	algorithm	NOUN
aijes-7151	36	22	.	.	PUNCT
aijes-7151	37	1	every	every	DET
aijes-7151	37	2	transaction	transaction	NOUN
aijes-7151	37	3	is	be	AUX
aijes-7151	37	4	publicly	publicly	ADV
aijes-7151	37	5	accessible	accessible	ADJ
aijes-7151	37	6	and	and	CCONJ
aijes-7151	37	7	immutable	immutable	ADJ
aijes-7151	37	8	,	,	PUNCT
aijes-7151	37	9	enabling	enable	VERB
aijes-7151	37	10	high	high	ADJ
aijes-7151	37	11	transparency	transparency	NOUN
aijes-7151	37	12	and	and	CCONJ
aijes-7151	37	13	reliable	reliable	ADJ
aijes-7151	37	14	traceability	traceability	NOUN
aijes-7151	37	15	(	(	PUNCT
aijes-7151	37	16	nakamoto	nakamoto	NOUN
aijes-7151	37	17	,	,	PUNCT
aijes-7151	37	18	2008	2008	NUM
aijes-7151	37	19	)	)	PUNCT
aijes-7151	37	20	.	.	PUNCT
aijes-7151	38	1	the	the	DET
aijes-7151	38	2	utility	utility	NOUN
aijes-7151	38	3	of	of	ADP
aijes-7151	38	4	blockchain	blockchain	PROPN
aijes-7151	38	5	technology	technology	PROPN
aijes-7151	38	6	the	the	DET
aijes-7151	38	7	original	original	ADJ
aijes-7151	38	8	purpose	purpose	NOUN
aijes-7151	38	9	of	of	ADP
aijes-7151	38	10	blockchain	blockchain	PROPN
aijes-7151	38	11	technology	technology	PROPN
aijes-7151	38	12	was	be	AUX
aijes-7151	38	13	to	to	PART
aijes-7151	38	14	create	create	VERB
aijes-7151	38	15	a	a	DET
aijes-7151	38	16	digital	digital	ADJ
aijes-7151	38	17	medium	medium	NOUN
aijes-7151	38	18	of	of	ADP
aijes-7151	38	19	exchange	exchange	NOUN
aijes-7151	38	20	.	.	PUNCT
aijes-7151	39	1	however	however	ADV
aijes-7151	39	2	,	,	PUNCT
aijes-7151	39	3	neither	neither	CCONJ
aijes-7151	39	4	bitcoin	bitcoin	ADJ
aijes-7151	39	5	nor	nor	CCONJ
aijes-7151	39	6	any	any	DET
aijes-7151	39	7	other	other	ADJ
aijes-7151	39	8	cryptocurrency	cryptocurrency	NOUN
aijes-7151	39	9	has	have	AUX
aijes-7151	39	10	succeeded	succeed	VERB
aijes-7151	39	11	in	in	ADP
aijes-7151	39	12	replacing	replace	VERB
aijes-7151	39	13	traditional	traditional	ADJ
aijes-7151	39	14	state	state	NOUN
aijes-7151	39	15	-	-	PUNCT
aijes-7151	39	16	backed	back	VERB
aijes-7151	39	17	currencies	currency	NOUN
aijes-7151	39	18	,	,	PUNCT
aijes-7151	39	19	commonly	commonly	ADV
aijes-7151	39	20	referred	refer	VERB
aijes-7151	39	21	to	to	ADP
aijes-7151	39	22	as	as	ADP
aijes-7151	39	23	fiat	fiat	ADJ
aijes-7151	39	24	currencies	currency	NOUN
aijes-7151	39	25	(	(	PUNCT
aijes-7151	39	26	lapuh	lapuh	X
aijes-7151	39	27	bele	bele	X
aijes-7151	39	28	,	,	PUNCT
aijes-7151	39	29	2025	2025	NUM
aijes-7151	39	30	)	)	PUNCT
aijes-7151	39	31	,	,	PUNCT
aijes-7151	39	32	despite	despite	SCONJ
aijes-7151	39	33	the	the	DET
aijes-7151	39	34	fact	fact	NOUN
aijes-7151	39	35	that	that	SCONJ
aijes-7151	39	36	numerous	numerous	ADJ
aijes-7151	39	37	countries	country	NOUN
aijes-7151	39	38	are	be	AUX
aijes-7151	39	39	in	in	ADP
aijes-7151	39	40	the	the	DET
aijes-7151	39	41	process	process	NOUN
aijes-7151	39	42	of	of	ADP
aijes-7151	39	43	developing	develop	VERB
aijes-7151	39	44	their	their	PRON
aijes-7151	39	45	own	own	ADJ
aijes-7151	39	46	official	official	ADJ
aijes-7151	39	47	digital	digital	ADJ
aijes-7151	39	48	currencies	currency	NOUN
aijes-7151	39	49	.	.	PUNCT
aijes-7151	40	1	nakamoto	nakamoto	NOUN
aijes-7151	40	2	(	(	PUNCT
aijes-7151	40	3	2008	2008	NUM
aijes-7151	40	4	)	)	PUNCT
aijes-7151	40	5	did	do	AUX
aijes-7151	40	6	not	not	PART
aijes-7151	40	7	foresee	foresee	VERB
aijes-7151	40	8	that	that	SCONJ
aijes-7151	40	9	bitcoin	bitcoin	NOUN
aijes-7151	40	10	would	would	AUX
aijes-7151	40	11	evolve	evolve	VERB
aijes-7151	40	12	into	into	ADP
aijes-7151	40	13	a	a	DET
aijes-7151	40	14	vehicle	vehicle	NOUN
aijes-7151	40	15	the	the	DET
aijes-7151	40	16	impact	impact	NOUN
aijes-7151	40	17	of	of	ADP
aijes-7151	40	18	stablecoins	stablecoin	NOUN
aijes-7151	40	19	on	on	ADP
aijes-7151	40	20	global	global	ADJ
aijes-7151	40	21	finance	finance	NOUN
aijes-7151	40	22	178	178	NUM
aijes-7151	40	23	for	for	ADP
aijes-7151	40	24	speculative	speculative	ADJ
aijes-7151	40	25	investment	investment	NOUN
aijes-7151	40	26	.	.	PUNCT
aijes-7151	41	1	due	due	ADP
aijes-7151	41	2	to	to	ADP
aijes-7151	41	3	its	its	PRON
aijes-7151	41	4	high	high	ADJ
aijes-7151	41	5	volatility	volatility	NOUN
aijes-7151	41	6	and	and	CCONJ
aijes-7151	41	7	substantial	substantial	ADJ
aijes-7151	41	8	transaction	transaction	NOUN
aijes-7151	41	9	fees	fee	NOUN
aijes-7151	41	10	,	,	PUNCT
aijes-7151	41	11	bitcoin	bitcoin	PROPN
aijes-7151	41	12	has	have	AUX
aijes-7151	41	13	become	become	VERB
aijes-7151	41	14	impractical	impractical	ADJ
aijes-7151	41	15	as	as	ADP
aijes-7151	41	16	a	a	DET
aijes-7151	41	17	means	means	NOUN
aijes-7151	41	18	of	of	ADP
aijes-7151	41	19	payment	payment	NOUN
aijes-7151	41	20	for	for	ADP
aijes-7151	41	21	small	small	ADJ
aijes-7151	41	22	transactions	transaction	NOUN
aijes-7151	41	23	.	.	PUNCT
aijes-7151	42	1	although	although	SCONJ
aijes-7151	42	2	bitcoin	bitcoin	NOUN
aijes-7151	42	3	continues	continue	VERB
aijes-7151	42	4	to	to	PART
aijes-7151	42	5	hold	hold	VERB
aijes-7151	42	6	a	a	DET
aijes-7151	42	7	dominant	dominant	ADJ
aijes-7151	42	8	share	share	NOUN
aijes-7151	42	9	of	of	ADP
aijes-7151	42	10	the	the	DET
aijes-7151	42	11	cryptocurrency	cryptocurrency	NOUN
aijes-7151	42	12	market	market	NOUN
aijes-7151	42	13	,	,	PUNCT
aijes-7151	42	14	other	other	ADJ
aijes-7151	42	15	significant	significant	ADJ
aijes-7151	42	16	digital	digital	ADJ
aijes-7151	42	17	assets	asset	NOUN
aijes-7151	42	18	have	have	AUX
aijes-7151	42	19	emerged	emerge	VERB
aijes-7151	42	20	.	.	PUNCT
aijes-7151	43	1	as	as	SCONJ
aijes-7151	43	2	illustrated	illustrate	VERB
aijes-7151	43	3	in	in	ADP
aijes-7151	43	4	figure	figure	NOUN
aijes-7151	43	5	1	1	NUM
aijes-7151	43	6	,	,	PUNCT
aijes-7151	43	7	bitcoin	bitcoin	NOUN
aijes-7151	43	8	accounts	account	NOUN
aijes-7151	43	9	for	for	ADP
aijes-7151	43	10	the	the	DET
aijes-7151	43	11	largest	large	ADJ
aijes-7151	43	12	proportion	proportion	NOUN
aijes-7151	43	13	of	of	ADP
aijes-7151	43	14	total	total	ADJ
aijes-7151	43	15	market	market	NOUN
aijes-7151	43	16	capitalization	capitalization	NOUN
aijes-7151	43	17	(	(	PUNCT
aijes-7151	43	18	approximately	approximately	ADV
aijes-7151	43	19	51	51	NUM
aijes-7151	43	20	%	%	NOUN
aijes-7151	43	21	when	when	SCONJ
aijes-7151	43	22	converted	convert	VERB
aijes-7151	43	23	to	to	ADP
aijes-7151	43	24	usd	usd	NOUN
aijes-7151	43	25	)	)	PUNCT
aijes-7151	43	26	,	,	PUNCT
aijes-7151	43	27	followed	follow	VERB
aijes-7151	43	28	by	by	ADP
aijes-7151	43	29	ethereum	ethereum	NOUN
aijes-7151	43	30	(	(	PUNCT
aijes-7151	43	31	12	12	NUM
aijes-7151	43	32	%	%	NOUN
aijes-7151	43	33	)	)	PUNCT
aijes-7151	43	34	,	,	PUNCT
aijes-7151	43	35	stablecoins	stablecoin	NOUN
aijes-7151	43	36	(	(	PUNCT
aijes-7151	43	37	10	10	NUM
aijes-7151	43	38	%	%	NOUN
aijes-7151	43	39	)	)	PUNCT
aijes-7151	43	40	,	,	PUNCT
aijes-7151	43	41	while	while	SCONJ
aijes-7151	43	42	the	the	DET
aijes-7151	43	43	remaining	remain	VERB
aijes-7151	43	44	27	27	NUM
aijes-7151	43	45	%	%	NOUN
aijes-7151	43	46	consists	consist	VERB
aijes-7151	43	47	of	of	ADP
aijes-7151	43	48	other	other	ADJ
aijes-7151	43	49	crypto	crypto	NOUN
aijes-7151	43	50	-	-	NOUN
aijes-7151	43	51	assets	asset	NOUN
aijes-7151	43	52	.	.	PUNCT
aijes-7151	44	1	research	research	NOUN
aijes-7151	44	2	indicates	indicate	VERB
aijes-7151	44	3	that	that	SCONJ
aijes-7151	44	4	individuals	individual	NOUN
aijes-7151	44	5	invest	invest	VERB
aijes-7151	44	6	in	in	ADP
aijes-7151	44	7	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	44	8	for	for	ADP
aijes-7151	44	9	a	a	DET
aijes-7151	44	10	variety	variety	NOUN
aijes-7151	44	11	of	of	ADP
aijes-7151	44	12	reasons	reason	NOUN
aijes-7151	44	13	,	,	PUNCT
aijes-7151	44	14	with	with	ADP
aijes-7151	44	15	profit	profit	NOUN
aijes-7151	44	16	-	-	PUNCT
aijes-7151	44	17	seeking	seek	VERB
aijes-7151	44	18	being	be	AUX
aijes-7151	44	19	the	the	DET
aijes-7151	44	20	most	most	ADV
aijes-7151	44	21	prominent	prominent	ADJ
aijes-7151	44	22	motivation	motivation	NOUN
aijes-7151	44	23	(	(	PUNCT
aijes-7151	44	24	mitra	mitra	PROPN
aijes-7151	44	25	,	,	PUNCT
aijes-7151	44	26	2022	2022	NUM
aijes-7151	44	27	)	)	PUNCT
aijes-7151	44	28	.	.	PUNCT
aijes-7151	45	1	this	this	DET
aijes-7151	45	2	profit	profit	NOUN
aijes-7151	45	3	-	-	PUNCT
aijes-7151	45	4	driven	drive	VERB
aijes-7151	45	5	incentive	incentive	NOUN
aijes-7151	45	6	,	,	PUNCT
aijes-7151	45	7	however	however	ADV
aijes-7151	45	8	,	,	PUNCT
aijes-7151	45	9	does	do	AUX
aijes-7151	45	10	not	not	PART
aijes-7151	45	11	typically	typically	ADV
aijes-7151	45	12	apply	apply	VERB
aijes-7151	45	13	to	to	ADP
aijes-7151	45	14	investors	investor	NOUN
aijes-7151	45	15	in	in	ADP
aijes-7151	45	16	stablecoins	stablecoin	NOUN
aijes-7151	45	17	.	.	PUNCT
aijes-7151	46	1	figure	figure	NOUN
aijes-7151	46	2	1	1	NUM
aijes-7151	46	3	source	source	NOUN
aijes-7151	46	4	:	:	PUNCT
aijes-7151	46	5	charts	chart	NOUN
aijes-7151	46	6	(	(	PUNCT
aijes-7151	46	7	coinmarketcap	coinmarketcap	NOUN
aijes-7151	46	8	,	,	PUNCT
aijes-7151	46	9	2025d	2025d	NUM
aijes-7151	46	10	)	)	PUNCT
aijes-7151	46	11	ethereum	ethereum	NOUN
aijes-7151	46	12	,	,	PUNCT
aijes-7151	46	13	which	which	PRON
aijes-7151	46	14	ranks	rank	VERB
aijes-7151	46	15	second	second	ADV
aijes-7151	46	16	to	to	PART
aijes-7151	46	17	bitcoin	bitcoin	VERB
aijes-7151	46	18	in	in	ADP
aijes-7151	46	19	terms	term	NOUN
aijes-7151	46	20	of	of	ADP
aijes-7151	46	21	market	market	NOUN
aijes-7151	46	22	capitalization	capitalization	NOUN
aijes-7151	46	23	,	,	PUNCT
aijes-7151	46	24	was	be	AUX
aijes-7151	46	25	not	not	PART
aijes-7151	46	26	designed	design	VERB
aijes-7151	46	27	as	as	ADP
aijes-7151	46	28	a	a	DET
aijes-7151	46	29	means	means	NOUN
aijes-7151	46	30	of	of	ADP
aijes-7151	46	31	payment	payment	NOUN
aijes-7151	46	32	.	.	PUNCT
aijes-7151	47	1	rather	rather	ADV
aijes-7151	47	2	,	,	PUNCT
aijes-7151	47	3	it	it	PRON
aijes-7151	47	4	serves	serve	VERB
aijes-7151	47	5	as	as	ADP
aijes-7151	47	6	a	a	DET
aijes-7151	47	7	decentralized	decentralized	ADJ
aijes-7151	47	8	platform	platform	NOUN
aijes-7151	47	9	for	for	ADP
aijes-7151	47	10	the	the	DET
aijes-7151	47	11	deployment	deployment	NOUN
aijes-7151	47	12	of	of	ADP
aijes-7151	47	13	smart	smart	ADJ
aijes-7151	47	14	contracts	contract	NOUN
aijes-7151	47	15	—	—	PUNCT
aijes-7151	47	16	self	self	NOUN
aijes-7151	47	17	-	-	PUNCT
aijes-7151	47	18	executing	execute	VERB
aijes-7151	47	19	agreements	agreement	NOUN
aijes-7151	47	20	in	in	ADP
aijes-7151	47	21	which	which	PRON
aijes-7151	47	22	the	the	DET
aijes-7151	47	23	terms	term	NOUN
aijes-7151	47	24	are	be	AUX
aijes-7151	47	25	directly	directly	ADV
aijes-7151	47	26	written	write	VERB
aijes-7151	47	27	into	into	ADP
aijes-7151	47	28	code	code	NOUN
aijes-7151	47	29	and	and	CCONJ
aijes-7151	47	30	automatically	automatically	ADV
aijes-7151	47	31	enforced	enforce	VERB
aijes-7151	47	32	once	once	ADV
aijes-7151	47	33	predefined	predefine	VERB
aijes-7151	47	34	conditions	condition	NOUN
aijes-7151	47	35	are	be	AUX
aijes-7151	47	36	met	meet	VERB
aijes-7151	47	37	.	.	PUNCT
aijes-7151	48	1	the	the	DET
aijes-7151	48	2	native	native	ADJ
aijes-7151	48	3	cryptocurrency	cryptocurrency	NOUN
aijes-7151	48	4	of	of	ADP
aijes-7151	48	5	this	this	DET
aijes-7151	48	6	platform	platform	NOUN
aijes-7151	48	7	is	be	AUX
aijes-7151	48	8	ether	ether	NOUN
aijes-7151	48	9	,	,	PUNCT
aijes-7151	48	10	which	which	PRON
aijes-7151	48	11	functions	function	NOUN
aijes-7151	48	12	as	as	ADV
aijes-7151	48	13	both	both	CCONJ
aijes-7151	48	14	a	a	DET
aijes-7151	48	15	medium	medium	NOUN
aijes-7151	48	16	of	of	ADP
aijes-7151	48	17	exchange	exchange	NOUN
aijes-7151	48	18	and	and	CCONJ
aijes-7151	48	19	a	a	DET
aijes-7151	48	20	fuel	fuel	NOUN
aijes-7151	48	21	for	for	ADP
aijes-7151	48	22	computational	computational	ADJ
aijes-7151	48	23	operations	operation	NOUN
aijes-7151	48	24	within	within	ADP
aijes-7151	48	25	the	the	DET
aijes-7151	48	26	ethereum	ethereum	NOUN
aijes-7151	48	27	network	network	NOUN
aijes-7151	48	28	.	.	PUNCT
aijes-7151	49	1	the	the	DET
aijes-7151	49	2	versatility	versatility	NOUN
aijes-7151	49	3	of	of	ADP
aijes-7151	49	4	blockchain	blockchain	PROPN
aijes-7151	49	5	-	-	PUNCT
aijes-7151	49	6	based	base	VERB
aijes-7151	49	7	technological	technological	ADJ
aijes-7151	49	8	solutions	solution	NOUN
aijes-7151	49	9	extends	extend	VERB
aijes-7151	49	10	far	far	ADV
aijes-7151	49	11	beyond	beyond	ADP
aijes-7151	49	12	financial	financial	ADJ
aijes-7151	49	13	transactions	transaction	NOUN
aijes-7151	49	14	.	.	PUNCT
aijes-7151	50	1	blockchain	blockchain	PROPN
aijes-7151	50	2	enables	enable	VERB
aijes-7151	50	3	innovative	innovative	ADJ
aijes-7151	50	4	applications	application	NOUN
aijes-7151	50	5	in	in	ADP
aijes-7151	50	6	logistics	logistic	NOUN
aijes-7151	50	7	,	,	PUNCT
aijes-7151	50	8	supply	supply	NOUN
aijes-7151	50	9	chain	chain	NOUN
aijes-7151	50	10	management	management	NOUN
aijes-7151	50	11	,	,	PUNCT
aijes-7151	50	12	decentralized	decentralize	VERB
aijes-7151	50	13	finance	finance	NOUN
aijes-7151	50	14	(	(	PUNCT
aijes-7151	50	15	defi	defi	PROPN
aijes-7151	50	16	)	)	PUNCT
aijes-7151	50	17	,	,	PUNCT
aijes-7151	50	18	digital	digital	ADJ
aijes-7151	50	19	rights	right	NOUN
aijes-7151	50	20	protection	protection	NOUN
aijes-7151	50	21	,	,	PUNCT
aijes-7151	50	22	legal	legal	ADJ
aijes-7151	50	23	processes	process	NOUN
aijes-7151	50	24	,	,	PUNCT
aijes-7151	50	25	and	and	CCONJ
aijes-7151	50	26	other	other	ADJ
aijes-7151	50	27	domains	domain	NOUN
aijes-7151	50	28	where	where	SCONJ
aijes-7151	50	29	transparency	transparency	NOUN
aijes-7151	50	30	,	,	PUNCT
aijes-7151	50	31	reliability	reliability	NOUN
aijes-7151	50	32	,	,	PUNCT
aijes-7151	50	33	security	security	NOUN
aijes-7151	50	34	,	,	PUNCT
aijes-7151	50	35	immutability	immutability	NOUN
aijes-7151	50	36	,	,	PUNCT
aijes-7151	50	37	and	and	CCONJ
aijes-7151	50	38	automatic	automatic	ADJ
aijes-7151	50	39	enforceability	enforceability	NOUN
aijes-7151	50	40	of	of	ADP
aijes-7151	50	41	transactions	transaction	NOUN
aijes-7151	50	42	are	be	AUX
aijes-7151	50	43	paramount	paramount	ADJ
aijes-7151	50	44	(	(	PUNCT
aijes-7151	50	45	lapuh	lapuh	X
aijes-7151	50	46	bele	bele	PROPN
aijes-7151	50	47	&	&	CCONJ
aijes-7151	50	48	turk	turk	PROPN
aijes-7151	50	49	,	,	PUNCT
aijes-7151	50	50	2024	2024	NUM
aijes-7151	50	51	)	)	PUNCT
aijes-7151	50	52	.	.	PUNCT
aijes-7151	51	1	a	a	DET
aijes-7151	51	2	particularly	particularly	ADV
aijes-7151	51	3	noteworthy	noteworthy	ADJ
aijes-7151	51	4	application	application	NOUN
aijes-7151	51	5	of	of	ADP
aijes-7151	51	6	smart	smart	ADJ
aijes-7151	51	7	contracts	contract	NOUN
aijes-7151	51	8	is	be	AUX
aijes-7151	51	9	the	the	DET
aijes-7151	51	10	emergence	emergence	NOUN
aijes-7151	51	11	of	of	ADP
aijes-7151	51	12	stablecoins	stablecoin	NOUN
aijes-7151	51	13	.	.	PUNCT
aijes-7151	52	1	their	their	PRON
aijes-7151	52	2	increasing	increase	VERB
aijes-7151	52	3	adoption	adoption	NOUN
aijes-7151	52	4	and	and	CCONJ
aijes-7151	52	5	integration	integration	NOUN
aijes-7151	52	6	into	into	ADP
aijes-7151	52	7	financial	financial	ADJ
aijes-7151	52	8	systems	system	NOUN
aijes-7151	52	9	have	have	AUX
aijes-7151	52	10	elevated	elevate	VERB
aijes-7151	52	11	their	their	PRON
aijes-7151	52	12	julija	julija	NOUN
aijes-7151	52	13	lapuh	lapuh	X
aijes-7151	52	14	bele	bele	X
aijes-7151	52	15	,	,	PUNCT
aijes-7151	52	16	tanja	tanja	PROPN
aijes-7151	52	17	bele	bele	PROPN
aijes-7151	52	18	179	179	NUM
aijes-7151	52	19	presence	presence	NOUN
aijes-7151	52	20	in	in	ADP
aijes-7151	52	21	economic	economic	ADJ
aijes-7151	52	22	statistics	statistic	NOUN
aijes-7151	52	23	and	and	CCONJ
aijes-7151	52	24	motivated	motivate	VERB
aijes-7151	52	25	further	further	ADJ
aijes-7151	52	26	scholarly	scholarly	ADJ
aijes-7151	52	27	investigation	investigation	NOUN
aijes-7151	52	28	.	.	PUNCT
aijes-7151	53	1	this	this	DET
aijes-7151	53	2	growing	grow	VERB
aijes-7151	53	3	relevance	relevance	NOUN
aijes-7151	53	4	inspired	inspire	VERB
aijes-7151	53	5	us	we	PRON
aijes-7151	53	6	to	to	PART
aijes-7151	53	7	conduct	conduct	VERB
aijes-7151	53	8	an	an	DET
aijes-7151	53	9	in	in	ADP
aijes-7151	53	10	-	-	PUNCT
aijes-7151	53	11	depth	depth	NOUN
aijes-7151	53	12	exploration	exploration	NOUN
aijes-7151	53	13	of	of	ADP
aijes-7151	53	14	stablecoins	stablecoin	NOUN
aijes-7151	53	15	as	as	ADP
aijes-7151	53	16	a	a	DET
aijes-7151	53	17	distinct	distinct	ADJ
aijes-7151	53	18	phenomenon	phenomenon	NOUN
aijes-7151	53	19	within	within	ADP
aijes-7151	53	20	the	the	DET
aijes-7151	53	21	crypto	crypto	NOUN
aijes-7151	53	22	ecosystem	ecosystem	NOUN
aijes-7151	53	23	.	.	PUNCT
aijes-7151	54	1	while	while	SCONJ
aijes-7151	54	2	the	the	DET
aijes-7151	54	3	term	term	NOUN
aijes-7151	54	4	cryptocurrency	cryptocurrency	NOUN
aijes-7151	54	5	has	have	AUX
aijes-7151	54	6	become	become	AUX
aijes-7151	54	7	widely	widely	ADV
aijes-7151	54	8	used	use	VERB
aijes-7151	54	9	,	,	PUNCT
aijes-7151	54	10	it	it	PRON
aijes-7151	54	11	is	be	AUX
aijes-7151	54	12	increasingly	increasingly	ADV
aijes-7151	54	13	seen	see	VERB
aijes-7151	54	14	as	as	ADP
aijes-7151	54	15	restrictive	restrictive	ADJ
aijes-7151	54	16	and	and	CCONJ
aijes-7151	54	17	insufficient	insufficient	ADJ
aijes-7151	54	18	in	in	ADP
aijes-7151	54	19	capturing	capture	VERB
aijes-7151	54	20	the	the	DET
aijes-7151	54	21	diversity	diversity	NOUN
aijes-7151	54	22	of	of	ADP
aijes-7151	54	23	digital	digital	ADJ
aijes-7151	54	24	assets	asset	NOUN
aijes-7151	54	25	being	be	AUX
aijes-7151	54	26	developed	develop	VERB
aijes-7151	54	27	.	.	PUNCT
aijes-7151	55	1	each	each	DET
aijes-7151	55	2	new	new	PROPN
aijes-7151	55	3	blockchain	blockchain	PROPN
aijes-7151	55	4	network	network	NOUN
aijes-7151	55	5	inherently	inherently	ADV
aijes-7151	55	6	gives	give	VERB
aijes-7151	55	7	rise	rise	NOUN
aijes-7151	55	8	to	to	ADP
aijes-7151	55	9	its	its	PRON
aijes-7151	55	10	own	own	ADJ
aijes-7151	55	11	native	native	ADJ
aijes-7151	55	12	digital	digital	ADJ
aijes-7151	55	13	coin	coin	NOUN
aijes-7151	55	14	.	.	PUNCT
aijes-7151	56	1	in	in	ADP
aijes-7151	56	2	addition	addition	NOUN
aijes-7151	56	3	to	to	ADP
aijes-7151	56	4	these	these	DET
aijes-7151	56	5	coins	coin	NOUN
aijes-7151	56	6	,	,	PUNCT
aijes-7151	56	7	tokens	token	NOUN
aijes-7151	56	8	can	can	AUX
aijes-7151	56	9	also	also	ADV
aijes-7151	56	10	be	be	AUX
aijes-7151	56	11	created	create	VERB
aijes-7151	56	12	—	—	PUNCT
aijes-7151	56	13	typically	typically	ADV
aijes-7151	56	14	on	on	ADP
aijes-7151	56	15	existing	exist	VERB
aijes-7151	56	16	blockchains	blockchain	NOUN
aijes-7151	56	17	like	like	ADP
aijes-7151	56	18	ethereum	ethereum	NOUN
aijes-7151	56	19	—	—	PUNCT
aijes-7151	56	20	through	through	ADP
aijes-7151	56	21	the	the	DET
aijes-7151	56	22	deployment	deployment	NOUN
aijes-7151	56	23	of	of	ADP
aijes-7151	56	24	smart	smart	ADJ
aijes-7151	56	25	contracts	contract	NOUN
aijes-7151	56	26	.	.	PUNCT
aijes-7151	57	1	for	for	ADP
aijes-7151	57	2	instance	instance	NOUN
aijes-7151	57	3	,	,	PUNCT
aijes-7151	57	4	a	a	DET
aijes-7151	57	5	project	project	NOUN
aijes-7151	57	6	that	that	PRON
aijes-7151	57	7	issues	issue	VERB
aijes-7151	57	8	a	a	DET
aijes-7151	57	9	smart	smart	ADJ
aijes-7151	57	10	contract	contract	NOUN
aijes-7151	57	11	on	on	ADP
aijes-7151	57	12	ethereum	ethereum	NOUN
aijes-7151	57	13	will	will	AUX
aijes-7151	57	14	have	have	VERB
aijes-7151	57	15	its	its	PRON
aijes-7151	57	16	own	own	ADJ
aijes-7151	57	17	token	token	VERB
aijes-7151	57	18	,	,	PUNCT
aijes-7151	57	19	even	even	ADV
aijes-7151	57	20	though	though	SCONJ
aijes-7151	57	21	it	it	PRON
aijes-7151	57	22	does	do	AUX
aijes-7151	57	23	not	not	PART
aijes-7151	57	24	create	create	VERB
aijes-7151	57	25	a	a	DET
aijes-7151	57	26	new	new	ADJ
aijes-7151	57	27	blockchain	blockchain	NOUN
aijes-7151	57	28	.	.	PUNCT
aijes-7151	58	1	to	to	PART
aijes-7151	58	2	more	more	ADV
aijes-7151	58	3	accurately	accurately	ADV
aijes-7151	58	4	describe	describe	VERB
aijes-7151	58	5	this	this	DET
aijes-7151	58	6	complex	complex	ADJ
aijes-7151	58	7	landscape	landscape	NOUN
aijes-7151	58	8	,	,	PUNCT
aijes-7151	58	9	the	the	DET
aijes-7151	58	10	term	term	NOUN
aijes-7151	58	11	crypto	crypto	NOUN
aijes-7151	58	12	-	-	NOUN
aijes-7151	58	13	asset	asset	NOUN
aijes-7151	58	14	has	have	AUX
aijes-7151	58	15	emerged	emerge	VERB
aijes-7151	58	16	as	as	ADP
aijes-7151	58	17	the	the	DET
aijes-7151	58	18	most	most	ADV
aijes-7151	58	19	inclusive	inclusive	ADJ
aijes-7151	58	20	and	and	CCONJ
aijes-7151	58	21	appropriate	appropriate	ADJ
aijes-7151	58	22	designation	designation	NOUN
aijes-7151	58	23	.	.	PUNCT
aijes-7151	59	1	this	this	DET
aijes-7151	59	2	terminology	terminology	NOUN
aijes-7151	59	3	has	have	AUX
aijes-7151	59	4	also	also	ADV
aijes-7151	59	5	been	be	AUX
aijes-7151	59	6	formally	formally	ADV
aijes-7151	59	7	adopted	adopt	VERB
aijes-7151	59	8	by	by	ADP
aijes-7151	59	9	the	the	DET
aijes-7151	59	10	european	european	PROPN
aijes-7151	59	11	union	union	PROPN
aijes-7151	59	12	in	in	ADP
aijes-7151	59	13	its	its	PRON
aijes-7151	59	14	regulation	regulation	NOUN
aijes-7151	59	15	on	on	ADP
aijes-7151	59	16	markets	market	NOUN
aijes-7151	59	17	in	in	ADP
aijes-7151	59	18	crypto	crypto	NOUN
aijes-7151	59	19	-	-	NOUN
aijes-7151	59	20	assets	asset	NOUN
aijes-7151	59	21	(	(	PUNCT
aijes-7151	59	22	mica	mica	NOUN
aijes-7151	59	23	)	)	PUNCT
aijes-7151	59	24	(	(	PUNCT
aijes-7151	59	25	eu	eu	PROPN
aijes-7151	59	26	,	,	PUNCT
aijes-7151	59	27	2023	2023	NUM
aijes-7151	59	28	)	)	PUNCT
aijes-7151	59	29	.	.	PUNCT
aijes-7151	60	1	the	the	DET
aijes-7151	60	2	regulation	regulation	NOUN
aijes-7151	60	3	establishes	establish	VERB
aijes-7151	60	4	a	a	DET
aijes-7151	60	5	comprehensive	comprehensive	ADJ
aijes-7151	60	6	legal	legal	ADJ
aijes-7151	60	7	framework	framework	NOUN
aijes-7151	60	8	for	for	ADP
aijes-7151	60	9	crypto	crypto	ADJ
aijes-7151	60	10	-	-	ADJ
aijes-7151	60	11	asset	asset	NOUN
aijes-7151	60	12	markets	market	NOUN
aijes-7151	60	13	and	and	CCONJ
aijes-7151	60	14	is	be	AUX
aijes-7151	60	15	binding	bind	VERB
aijes-7151	60	16	across	across	ADP
aijes-7151	60	17	all	all	DET
aijes-7151	60	18	eu	eu	PROPN
aijes-7151	60	19	member	member	NOUN
aijes-7151	60	20	states	state	NOUN
aijes-7151	60	21	,	,	PUNCT
aijes-7151	60	22	marking	mark	VERB
aijes-7151	60	23	a	a	DET
aijes-7151	60	24	significant	significant	ADJ
aijes-7151	60	25	step	step	NOUN
aijes-7151	60	26	toward	toward	ADP
aijes-7151	60	27	regulatory	regulatory	ADJ
aijes-7151	60	28	harmonization	harmonization	NOUN
aijes-7151	60	29	and	and	CCONJ
aijes-7151	60	30	investor	investor	NOUN
aijes-7151	60	31	protection	protection	NOUN
aijes-7151	60	32	in	in	ADP
aijes-7151	60	33	the	the	DET
aijes-7151	60	34	digital	digital	ADJ
aijes-7151	60	35	asset	asset	NOUN
aijes-7151	60	36	space	space	NOUN
aijes-7151	60	37	.	.	PUNCT
aijes-7151	61	1	stablecoins	stablecoin	NOUN
aijes-7151	61	2	stablecoins	stablecoin	NOUN
aijes-7151	61	3	are	be	AUX
aijes-7151	61	4	a	a	DET
aijes-7151	61	5	form	form	NOUN
aijes-7151	61	6	of	of	ADP
aijes-7151	61	7	cryptocurrency	cryptocurrency	NOUN
aijes-7151	61	8	whose	whose	DET
aijes-7151	61	9	value	value	NOUN
aijes-7151	61	10	is	be	AUX
aijes-7151	61	11	pegged	peg	VERB
aijes-7151	61	12	to	to	ADP
aijes-7151	61	13	an	an	DET
aijes-7151	61	14	external	external	ADJ
aijes-7151	61	15	reference	reference	NOUN
aijes-7151	61	16	,	,	PUNCT
aijes-7151	61	17	such	such	ADJ
aijes-7151	61	18	as	as	ADP
aijes-7151	61	19	a	a	DET
aijes-7151	61	20	fiat	fiat	ADJ
aijes-7151	61	21	currency	currency	NOUN
aijes-7151	61	22	(	(	PUNCT
aijes-7151	61	23	e.g.	e.g.	ADV
aijes-7151	61	24	,	,	PUNCT
aijes-7151	61	25	the	the	DET
aijes-7151	61	26	us	us	PROPN
aijes-7151	61	27	dollar	dollar	NOUN
aijes-7151	61	28	)	)	PUNCT
aijes-7151	61	29	,	,	PUNCT
aijes-7151	61	30	a	a	DET
aijes-7151	61	31	commodity	commodity	NOUN
aijes-7151	61	32	(	(	PUNCT
aijes-7151	61	33	e.g.	e.g.	ADV
aijes-7151	61	34	,	,	PUNCT
aijes-7151	61	35	gold	gold	NOUN
aijes-7151	61	36	)	)	PUNCT
aijes-7151	61	37	,	,	PUNCT
aijes-7151	61	38	or	or	CCONJ
aijes-7151	61	39	a	a	DET
aijes-7151	61	40	financial	financial	ADJ
aijes-7151	61	41	instrument	instrument	NOUN
aijes-7151	61	42	.	.	PUNCT
aijes-7151	62	1	their	their	PRON
aijes-7151	62	2	primary	primary	ADJ
aijes-7151	62	3	objective	objective	NOUN
aijes-7151	62	4	is	be	AUX
aijes-7151	62	5	to	to	PART
aijes-7151	62	6	mitigate	mitigate	VERB
aijes-7151	62	7	the	the	DET
aijes-7151	62	8	high	high	ADJ
aijes-7151	62	9	volatility	volatility	NOUN
aijes-7151	62	10	associated	associate	VERB
aijes-7151	62	11	with	with	ADP
aijes-7151	62	12	leading	lead	VERB
aijes-7151	62	13	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	62	14	,	,	PUNCT
aijes-7151	62	15	such	such	ADJ
aijes-7151	62	16	as	as	ADP
aijes-7151	62	17	bitcoin	bitcoin	X
aijes-7151	62	18	(	(	PUNCT
aijes-7151	62	19	btc	btc	PROPN
aijes-7151	62	20	)	)	PUNCT
aijes-7151	62	21	,	,	PUNCT
aijes-7151	62	22	which	which	PRON
aijes-7151	62	23	renders	render	VERB
aijes-7151	62	24	many	many	ADJ
aijes-7151	62	25	crypto	crypto	ADJ
aijes-7151	62	26	assets	asset	NOUN
aijes-7151	62	27	unsuitable	unsuitable	ADJ
aijes-7151	62	28	for	for	ADP
aijes-7151	62	29	everyday	everyday	ADJ
aijes-7151	62	30	transactional	transactional	ADJ
aijes-7151	62	31	use	use	NOUN
aijes-7151	62	32	(	(	PUNCT
aijes-7151	62	33	hayes	hayes	PROPN
aijes-7151	62	34	,	,	PUNCT
aijes-7151	62	35	2024	2024	NUM
aijes-7151	62	36	)	)	PUNCT
aijes-7151	62	37	.	.	PUNCT
aijes-7151	63	1	the	the	DET
aijes-7151	63	2	first	first	ADJ
aijes-7151	63	3	stablecoin	stablecoin	NOUN
aijes-7151	63	4	,	,	PUNCT
aijes-7151	63	5	bitusd	bitusd	NOUN
aijes-7151	63	6	,	,	PUNCT
aijes-7151	63	7	was	be	AUX
aijes-7151	63	8	introduced	introduce	VERB
aijes-7151	63	9	in	in	ADP
aijes-7151	63	10	2014	2014	NUM
aijes-7151	63	11	and	and	CCONJ
aijes-7151	63	12	promised	promise	VERB
aijes-7151	63	13	a	a	DET
aijes-7151	63	14	one	one	NUM
aijes-7151	63	15	-	-	PUNCT
aijes-7151	63	16	to	to	ADP
aijes-7151	63	17	-	-	PUNCT
aijes-7151	63	18	one	one	NUM
aijes-7151	63	19	peg	peg	NOUN
aijes-7151	63	20	with	with	ADP
aijes-7151	63	21	the	the	DET
aijes-7151	63	22	us	us	PROPN
aijes-7151	63	23	dollar	dollar	NOUN
aijes-7151	63	24	.	.	PUNCT
aijes-7151	64	1	this	this	DET
aijes-7151	64	2	innovation	innovation	NOUN
aijes-7151	64	3	marked	mark	VERB
aijes-7151	64	4	a	a	DET
aijes-7151	64	5	significant	significant	ADJ
aijes-7151	64	6	step	step	NOUN
aijes-7151	64	7	toward	toward	ADP
aijes-7151	64	8	expanding	expand	VERB
aijes-7151	64	9	the	the	DET
aijes-7151	64	10	cryptocurrency	cryptocurrency	NOUN
aijes-7151	64	11	market	market	NOUN
aijes-7151	64	12	to	to	ADP
aijes-7151	64	13	a	a	DET
aijes-7151	64	14	broader	broad	ADJ
aijes-7151	64	15	user	user	NOUN
aijes-7151	64	16	base	base	NOUN
aijes-7151	64	17	(	(	PUNCT
aijes-7151	64	18	hayes	hayes	PROPN
aijes-7151	64	19	,	,	PUNCT
aijes-7151	64	20	2024	2024	NUM
aijes-7151	64	21	)	)	PUNCT
aijes-7151	64	22	.	.	PUNCT
aijes-7151	65	1	however	however	ADV
aijes-7151	65	2	,	,	PUNCT
aijes-7151	65	3	as	as	SCONJ
aijes-7151	65	4	illustrated	illustrate	VERB
aijes-7151	65	5	in	in	ADP
aijes-7151	65	6	figure	figure	NOUN
aijes-7151	65	7	1	1	NUM
aijes-7151	65	8	,	,	PUNCT
aijes-7151	65	9	significant	significant	ADJ
aijes-7151	65	10	interest	interest	NOUN
aijes-7151	65	11	in	in	ADP
aijes-7151	65	12	stablecoins	stablecoin	NOUN
aijes-7151	65	13	only	only	ADV
aijes-7151	65	14	emerged	emerge	VERB
aijes-7151	65	15	around	around	ADP
aijes-7151	65	16	2021	2021	NUM
aijes-7151	65	17	,	,	PUNCT
aijes-7151	65	18	with	with	ADP
aijes-7151	65	19	market	market	NOUN
aijes-7151	65	20	capitalization	capitalization	NOUN
aijes-7151	65	21	steadily	steadily	ADV
aijes-7151	65	22	growing	grow	VERB
aijes-7151	65	23	since	since	SCONJ
aijes-7151	65	24	then	then	ADV
aijes-7151	65	25	.	.	PUNCT
aijes-7151	66	1	two	two	NUM
aijes-7151	66	2	prominent	prominent	ADJ
aijes-7151	66	3	examples	example	NOUN
aijes-7151	66	4	of	of	ADP
aijes-7151	66	5	usd	usd	NOUN
aijes-7151	66	6	-	-	PUNCT
aijes-7151	66	7	pegged	peg	VERB
aijes-7151	66	8	stablecoins	stablecoin	NOUN
aijes-7151	66	9	are	be	AUX
aijes-7151	66	10	tether	tether	NOUN
aijes-7151	66	11	(	(	PUNCT
aijes-7151	66	12	usdt	usdt	NOUN
aijes-7151	66	13	)	)	PUNCT
aijes-7151	66	14	and	and	CCONJ
aijes-7151	66	15	usd	usd	NOUN
aijes-7151	66	16	coin	coin	NOUN
aijes-7151	66	17	(	(	PUNCT
aijes-7151	66	18	usdc	usdc	ADJ
aijes-7151	66	19	)	)	PUNCT
aijes-7151	66	20	.	.	PUNCT
aijes-7151	67	1	among	among	ADP
aijes-7151	67	2	them	they	PRON
aijes-7151	67	3	,	,	PUNCT
aijes-7151	67	4	usdt	usdt	NOUN
aijes-7151	67	5	dominates	dominate	VERB
aijes-7151	67	6	the	the	DET
aijes-7151	67	7	market	market	NOUN
aijes-7151	67	8	share	share	NOUN
aijes-7151	67	9	,	,	PUNCT
aijes-7151	67	10	followed	follow	VERB
aijes-7151	67	11	by	by	ADP
aijes-7151	67	12	usdc	usdc	ADJ
aijes-7151	67	13	(	(	PUNCT
aijes-7151	67	14	coinmarketcap	coinmarketcap	NOUN
aijes-7151	67	15	,	,	PUNCT
aijes-7151	67	16	2025b	2025b	NUM
aijes-7151	67	17	)	)	PUNCT
aijes-7151	67	18	.	.	PUNCT
aijes-7151	68	1	most	most	ADJ
aijes-7151	68	2	stablecoins	stablecoin	NOUN
aijes-7151	68	3	are	be	AUX
aijes-7151	68	4	deployed	deploy	VERB
aijes-7151	68	5	on	on	ADP
aijes-7151	68	6	existing	exist	VERB
aijes-7151	68	7	blockchain	blockchain	PROPN
aijes-7151	68	8	infrastructures	infrastructure	NOUN
aijes-7151	68	9	.	.	PUNCT
aijes-7151	69	1	for	for	ADP
aijes-7151	69	2	instance	instance	NOUN
aijes-7151	69	3	,	,	PUNCT
aijes-7151	69	4	usdt	usdt	PROPN
aijes-7151	69	5	was	be	AUX
aijes-7151	69	6	initially	initially	ADV
aijes-7151	69	7	launched	launch	VERB
aijes-7151	69	8	as	as	ADP
aijes-7151	69	9	an	an	DET
aijes-7151	69	10	omni	omni	ADJ
aijes-7151	69	11	layer	layer	NOUN
aijes-7151	69	12	token	token	VERB
aijes-7151	69	13	on	on	ADP
aijes-7151	69	14	the	the	DET
aijes-7151	69	15	bitcoin	bitcoin	PROPN
aijes-7151	69	16	blockchain	blockchain	NOUN
aijes-7151	69	17	.	.	PUNCT
aijes-7151	70	1	today	today	NOUN
aijes-7151	70	2	,	,	PUNCT
aijes-7151	70	3	it	it	PRON
aijes-7151	70	4	is	be	AUX
aijes-7151	70	5	available	available	ADJ
aijes-7151	70	6	on	on	ADP
aijes-7151	70	7	several	several	ADJ
aijes-7151	70	8	blockchains	blockchain	NOUN
aijes-7151	70	9	,	,	PUNCT
aijes-7151	70	10	including	include	VERB
aijes-7151	70	11	ethereum	ethereum	NOUN
aijes-7151	70	12	(	(	PUNCT
aijes-7151	70	13	as	as	ADP
aijes-7151	70	14	an	an	DET
aijes-7151	70	15	erc-20	erc-20	NOUN
aijes-7151	70	16	token	token	ADJ
aijes-7151	70	17	)	)	PUNCT
aijes-7151	70	18	,	,	PUNCT
aijes-7151	70	19	tron	tron	PROPN
aijes-7151	70	20	(	(	PUNCT
aijes-7151	70	21	trc-20	trc-20	NOUN
aijes-7151	70	22	)	)	PUNCT
aijes-7151	70	23	,	,	PUNCT
aijes-7151	70	24	binance	binance	VERB
aijes-7151	70	25	smart	smart	ADJ
aijes-7151	70	26	chain	chain	NOUN
aijes-7151	70	27	(	(	PUNCT
aijes-7151	70	28	bep-20	bep-20	NOUN
aijes-7151	70	29	)	)	PUNCT
aijes-7151	70	30	,	,	PUNCT
aijes-7151	70	31	and	and	CCONJ
aijes-7151	70	32	others	other	NOUN
aijes-7151	70	33	(	(	PUNCT
aijes-7151	70	34	coinmarketcap	coinmarketcap	NOUN
aijes-7151	70	35	,	,	PUNCT
aijes-7151	70	36	2024	2024	NUM
aijes-7151	70	37	)	)	PUNCT
aijes-7151	70	38	.	.	PUNCT
aijes-7151	71	1	usdt	usdt	NOUN
aijes-7151	71	2	is	be	AUX
aijes-7151	71	3	issued	issue	VERB
aijes-7151	71	4	by	by	ADP
aijes-7151	71	5	tether	tether	PROPN
aijes-7151	71	6	limited	limited	PROPN
aijes-7151	71	7	inc	inc	PROPN
aijes-7151	71	8	.	.	PROPN
aijes-7151	71	9	,	,	PUNCT
aijes-7151	71	10	while	while	SCONJ
aijes-7151	71	11	usdc	usdc	ADJ
aijes-7151	71	12	is	be	AUX
aijes-7151	71	13	issued	issue	VERB
aijes-7151	71	14	by	by	ADP
aijes-7151	71	15	circle	circle	NOUN
aijes-7151	71	16	.	.	PUNCT
aijes-7151	72	1	market	market	NOUN
aijes-7151	72	2	data	datum	NOUN
aijes-7151	72	3	suggest	suggest	VERB
aijes-7151	72	4	that	that	SCONJ
aijes-7151	72	5	investors	investor	NOUN
aijes-7151	72	6	favor	favor	VERB
aijes-7151	72	7	coins	coin	NOUN
aijes-7151	72	8	with	with	ADP
aijes-7151	72	9	a	a	DET
aijes-7151	72	10	track	track	NOUN
aijes-7151	72	11	record	record	NOUN
aijes-7151	72	12	of	of	ADP
aijes-7151	72	13	price	price	NOUN
aijes-7151	72	14	stability	stability	NOUN
aijes-7151	72	15	and	and	CCONJ
aijes-7151	72	16	institutional	institutional	ADJ
aijes-7151	72	17	credibility	credibility	NOUN
aijes-7151	72	18	.	.	PUNCT
aijes-7151	73	1	however	however	ADV
aijes-7151	73	2	,	,	PUNCT
aijes-7151	73	3	it	it	PRON
aijes-7151	73	4	is	be	AUX
aijes-7151	73	5	crucial	crucial	ADJ
aijes-7151	73	6	to	to	PART
aijes-7151	73	7	note	note	VERB
aijes-7151	73	8	that	that	SCONJ
aijes-7151	73	9	investor	investor	NOUN
aijes-7151	73	10	trust	trust	NOUN
aijes-7151	73	11	in	in	ADP
aijes-7151	73	12	stablecoins	stablecoin	NOUN
aijes-7151	73	13	is	be	AUX
aijes-7151	73	14	largely	largely	ADV
aijes-7151	73	15	based	base	VERB
aijes-7151	73	16	on	on	ADP
aijes-7151	73	17	confidence	confidence	NOUN
aijes-7151	73	18	in	in	ADP
aijes-7151	73	19	the	the	DET
aijes-7151	73	20	issuing	issue	VERB
aijes-7151	73	21	entities	entity	NOUN
aijes-7151	73	22	,	,	PUNCT
aijes-7151	73	23	as	as	SCONJ
aijes-7151	73	24	there	there	PRON
aijes-7151	73	25	are	be	VERB
aijes-7151	73	26	no	no	DET
aijes-7151	73	27	institutional	institutional	ADJ
aijes-7151	73	28	guarantees	guarantee	NOUN
aijes-7151	73	29	akin	akin	ADJ
aijes-7151	73	30	to	to	ADP
aijes-7151	73	31	those	those	PRON
aijes-7151	73	32	backing	back	VERB
aijes-7151	73	33	sovereign	sovereign	ADJ
aijes-7151	73	34	currencies	currency	NOUN
aijes-7151	73	35	like	like	ADP
aijes-7151	73	36	the	the	DET
aijes-7151	73	37	us	us	PROPN
aijes-7151	73	38	dollar	dollar	NOUN
aijes-7151	73	39	.	.	PUNCT
aijes-7151	74	1	the	the	DET
aijes-7151	74	2	impact	impact	NOUN
aijes-7151	74	3	of	of	ADP
aijes-7151	74	4	stablecoins	stablecoin	NOUN
aijes-7151	74	5	on	on	ADP
aijes-7151	74	6	global	global	ADJ
aijes-7151	74	7	finance	finance	NOUN
aijes-7151	74	8	180	180	NUM
aijes-7151	74	9	typically	typically	ADV
aijes-7151	74	10	,	,	PUNCT
aijes-7151	74	11	crypto	crypto	VERB
aijes-7151	74	12	coins	coin	NOUN
aijes-7151	74	13	and	and	CCONJ
aijes-7151	74	14	tokens	token	NOUN
aijes-7151	74	15	are	be	AUX
aijes-7151	74	16	issued	issue	VERB
aijes-7151	74	17	by	by	ADP
aijes-7151	74	18	individuals	individual	NOUN
aijes-7151	74	19	or	or	CCONJ
aijes-7151	74	20	companies	company	NOUN
aijes-7151	74	21	,	,	PUNCT
aijes-7151	74	22	often	often	ADV
aijes-7151	74	23	accompanied	accompany	VERB
aijes-7151	74	24	by	by	ADP
aijes-7151	74	25	the	the	DET
aijes-7151	74	26	publication	publication	NOUN
aijes-7151	74	27	of	of	ADP
aijes-7151	74	28	a	a	DET
aijes-7151	74	29	white	white	ADJ
aijes-7151	74	30	paper	paper	NOUN
aijes-7151	74	31	.	.	PUNCT
aijes-7151	75	1	a	a	DET
aijes-7151	75	2	stablecoin	stablecoin	ADJ
aijes-7151	75	3	white	white	PROPN
aijes-7151	75	4	paper	paper	PROPN
aijes-7151	75	5	usually	usually	ADV
aijes-7151	75	6	includes	include	VERB
aijes-7151	75	7	the	the	DET
aijes-7151	75	8	following	follow	VERB
aijes-7151	75	9	key	key	ADJ
aijes-7151	75	10	components	component	NOUN
aijes-7151	75	11	(	(	PUNCT
aijes-7151	75	12	mattos	mattos	PROPN
aijes-7151	75	13	,	,	PUNCT
aijes-7151	75	14	2023	2023	NUM
aijes-7151	75	15	):	):	PUNCT
aijes-7151	75	16			NOUN
aijes-7151	75	17	introduction	introduction	NOUN
aijes-7151	75	18	–	–	PUNCT
aijes-7151	75	19	explanation	explanation	NOUN
aijes-7151	75	20	of	of	ADP
aijes-7151	75	21	the	the	DET
aijes-7151	75	22	coin	coin	NOUN
aijes-7151	75	23	’s	’s	PART
aijes-7151	75	24	purpose	purpose	NOUN
aijes-7151	75	25	and	and	CCONJ
aijes-7151	75	26	an	an	DET
aijes-7151	75	27	overview	overview	NOUN
aijes-7151	75	28	of	of	ADP
aijes-7151	75	29	the	the	DET
aijes-7151	75	30	current	current	ADJ
aijes-7151	75	31	cryptocurrency	cryptocurrency	NOUN
aijes-7151	75	32	market	market	NOUN
aijes-7151	75	33	landscape	landscape	NOUN
aijes-7151	75	34	;	;	PUNCT
aijes-7151	75	35			NOUN
aijes-7151	75	36	technical	technical	ADJ
aijes-7151	75	37	architecture	architecture	NOUN
aijes-7151	75	38	–	–	PUNCT
aijes-7151	75	39	details	detail	NOUN
aijes-7151	75	40	of	of	ADP
aijes-7151	75	41	the	the	DET
aijes-7151	75	42	technological	technological	ADJ
aijes-7151	75	43	implementation	implementation	NOUN
aijes-7151	75	44	,	,	PUNCT
aijes-7151	75	45	including	include	VERB
aijes-7151	75	46	blockchain	blockchain	PROPN
aijes-7151	75	47	selection	selection	NOUN
aijes-7151	75	48	,	,	PUNCT
aijes-7151	75	49	smart	smart	ADJ
aijes-7151	75	50	contract	contract	NOUN
aijes-7151	75	51	frameworks	framework	NOUN
aijes-7151	75	52	,	,	PUNCT
aijes-7151	75	53	and	and	CCONJ
aijes-7151	75	54	algorithms	algorithm	NOUN
aijes-7151	75	55	used	use	VERB
aijes-7151	75	56	to	to	PART
aijes-7151	75	57	maintain	maintain	VERB
aijes-7151	75	58	price	price	NOUN
aijes-7151	75	59	stability	stability	NOUN
aijes-7151	75	60	;	;	PUNCT
aijes-7151	75	61			NOUN
aijes-7151	75	62	stability	stability	NOUN
aijes-7151	75	63	mechanism	mechanism	NOUN
aijes-7151	75	64	–	–	PUNCT
aijes-7151	75	65	description	description	NOUN
aijes-7151	75	66	of	of	ADP
aijes-7151	75	67	how	how	SCONJ
aijes-7151	75	68	price	price	NOUN
aijes-7151	75	69	parity	parity	NOUN
aijes-7151	75	70	is	be	AUX
aijes-7151	75	71	maintained	maintain	VERB
aijes-7151	75	72	,	,	PUNCT
aijes-7151	75	73	whether	whether	SCONJ
aijes-7151	75	74	through	through	ADP
aijes-7151	75	75	fiat	fiat	ADJ
aijes-7151	75	76	reserves	reserve	NOUN
aijes-7151	75	77	,	,	PUNCT
aijes-7151	75	78	crypto	crypto	NOUN
aijes-7151	75	79	collateral	collateral	NOUN
aijes-7151	75	80	,	,	PUNCT
aijes-7151	75	81	or	or	CCONJ
aijes-7151	75	82	algorithmic	algorithmic	ADJ
aijes-7151	75	83	strategies	strategy	NOUN
aijes-7151	75	84	;	;	PUNCT
aijes-7151	75	85			PRON
aijes-7151	75	86	use	use	NOUN
aijes-7151	75	87	of	of	ADP
aijes-7151	75	88	funds	fund	NOUN
aijes-7151	75	89	–	–	PUNCT
aijes-7151	75	90	disclosure	disclosure	NOUN
aijes-7151	75	91	of	of	ADP
aijes-7151	75	92	how	how	SCONJ
aijes-7151	75	93	the	the	DET
aijes-7151	75	94	funds	fund	NOUN
aijes-7151	75	95	raised	raise	VERB
aijes-7151	75	96	through	through	ADP
aijes-7151	75	97	issuance	issuance	NOUN
aijes-7151	75	98	will	will	AUX
aijes-7151	75	99	be	be	AUX
aijes-7151	75	100	utilized	utilize	VERB
aijes-7151	75	101	and	and	CCONJ
aijes-7151	75	102	managed	manage	VERB
aijes-7151	75	103	;	;	PUNCT
aijes-7151	75	104			PRON
aijes-7151	75	105	regulatory	regulatory	ADJ
aijes-7151	75	106	framework	framework	NOUN
aijes-7151	75	107	–	–	PUNCT
aijes-7151	75	108	explanation	explanation	NOUN
aijes-7151	75	109	of	of	ADP
aijes-7151	75	110	how	how	SCONJ
aijes-7151	75	111	the	the	DET
aijes-7151	75	112	coin	coin	NOUN
aijes-7151	75	113	addresses	address	VERB
aijes-7151	75	114	legal	legal	ADJ
aijes-7151	75	115	compliance	compliance	NOUN
aijes-7151	75	116	and	and	CCONJ
aijes-7151	75	117	potential	potential	ADJ
aijes-7151	75	118	regulatory	regulatory	ADJ
aijes-7151	75	119	challenges	challenge	NOUN
aijes-7151	75	120	;	;	PUNCT
aijes-7151	75	121			NOUN
aijes-7151	75	122	team	team	NOUN
aijes-7151	75	123	and	and	CCONJ
aijes-7151	75	124	partners	partner	NOUN
aijes-7151	75	125	–	–	PUNCT
aijes-7151	75	126	introduction	introduction	NOUN
aijes-7151	75	127	of	of	ADP
aijes-7151	75	128	core	core	NOUN
aijes-7151	75	129	project	project	NOUN
aijes-7151	75	130	contributors	contributor	NOUN
aijes-7151	75	131	and	and	CCONJ
aijes-7151	75	132	strategic	strategic	ADJ
aijes-7151	75	133	collaborators	collaborator	NOUN
aijes-7151	75	134	;	;	PUNCT
aijes-7151	76	1			NOUN
aijes-7151	76	2	development	development	NOUN
aijes-7151	76	3	roadmap	roadmap	NOUN
aijes-7151	76	4	–	–	PUNCT
aijes-7151	76	5	timeline	timeline	NOUN
aijes-7151	76	6	for	for	ADP
aijes-7151	76	7	future	future	ADJ
aijes-7151	76	8	development	development	NOUN
aijes-7151	76	9	,	,	PUNCT
aijes-7151	76	10	expansion	expansion	NOUN
aijes-7151	76	11	,	,	PUNCT
aijes-7151	76	12	and	and	CCONJ
aijes-7151	76	13	technical	technical	ADJ
aijes-7151	76	14	improvements	improvement	NOUN
aijes-7151	76	15	.	.	PUNCT
aijes-7151	77	1	stablecoin	stablecoin	PROPN
aijes-7151	77	2	issuers	issuer	NOUN
aijes-7151	77	3	pursue	pursue	VERB
aijes-7151	77	4	price	price	NOUN
aijes-7151	77	5	stability	stability	NOUN
aijes-7151	77	6	using	use	VERB
aijes-7151	77	7	different	different	ADJ
aijes-7151	77	8	forms	form	NOUN
aijes-7151	77	9	of	of	ADP
aijes-7151	77	10	backing	backing	NOUN
aijes-7151	77	11	(	(	PUNCT
aijes-7151	77	12	hayes	hayes	PROPN
aijes-7151	77	13	,	,	PUNCT
aijes-7151	77	14	2024	2024	NUM
aijes-7151	77	15	)	)	PUNCT
aijes-7151	77	16	,	,	PUNCT
aijes-7151	77	17	yet	yet	CCONJ
aijes-7151	77	18	it	it	PRON
aijes-7151	77	19	is	be	AUX
aijes-7151	77	20	important	important	ADJ
aijes-7151	77	21	to	to	PART
aijes-7151	77	22	recognize	recognize	VERB
aijes-7151	77	23	that	that	SCONJ
aijes-7151	77	24	investors	investor	NOUN
aijes-7151	77	25	receive	receive	VERB
aijes-7151	77	26	no	no	DET
aijes-7151	77	27	guarantee	guarantee	NOUN
aijes-7151	77	28	for	for	ADP
aijes-7151	77	29	the	the	DET
aijes-7151	77	30	preservation	preservation	NOUN
aijes-7151	77	31	of	of	ADP
aijes-7151	77	32	their	their	PRON
aijes-7151	77	33	capital	capital	NOUN
aijes-7151	77	34	.	.	PUNCT
aijes-7151	78	1	for	for	ADP
aijes-7151	78	2	instance	instance	NOUN
aijes-7151	78	3	,	,	PUNCT
aijes-7151	78	4	purchasing	purchase	VERB
aijes-7151	78	5	a	a	DET
aijes-7151	78	6	usd	usd	NOUN
aijes-7151	78	7	-	-	PUNCT
aijes-7151	78	8	pegged	peg	VERB
aijes-7151	78	9	stablecoin	stablecoin	NOUN
aijes-7151	78	10	does	do	AUX
aijes-7151	78	11	not	not	PART
aijes-7151	78	12	entail	entail	VERB
aijes-7151	78	13	any	any	DET
aijes-7151	78	14	guarantee	guarantee	NOUN
aijes-7151	78	15	from	from	ADP
aijes-7151	78	16	the	the	DET
aijes-7151	78	17	u.s	u.s	PROPN
aijes-7151	78	18	.	.	PROPN
aijes-7151	78	19	government	government	NOUN
aijes-7151	78	20	,	,	PUNCT
aijes-7151	78	21	the	the	DET
aijes-7151	78	22	federal	federal	PROPN
aijes-7151	78	23	reserve	reserve	PROPN
aijes-7151	78	24	,	,	PUNCT
aijes-7151	78	25	or	or	CCONJ
aijes-7151	78	26	any	any	DET
aijes-7151	78	27	other	other	ADJ
aijes-7151	78	28	institutional	institutional	ADJ
aijes-7151	78	29	authority	authority	NOUN
aijes-7151	78	30	.	.	PUNCT
aijes-7151	79	1	this	this	PRON
aijes-7151	79	2	raises	raise	VERB
aijes-7151	79	3	a	a	DET
aijes-7151	79	4	pertinent	pertinent	ADJ
aijes-7151	79	5	question	question	NOUN
aijes-7151	79	6	:	:	PUNCT
aijes-7151	79	7	why	why	SCONJ
aijes-7151	79	8	would	would	AUX
aijes-7151	79	9	an	an	DET
aijes-7151	79	10	investor	investor	NOUN
aijes-7151	79	11	choose	choose	VERB
aijes-7151	79	12	to	to	PART
aijes-7151	79	13	hold	hold	VERB
aijes-7151	79	14	usdt	usdt	NOUN
aijes-7151	79	15	instead	instead	ADV
aijes-7151	79	16	of	of	ADP
aijes-7151	79	17	actual	actual	ADJ
aijes-7151	79	18	u.s	u.s	PROPN
aijes-7151	79	19	.	.	PROPN
aijes-7151	79	20	dollars	dollar	NOUN
aijes-7151	79	21	?	?	PUNCT
aijes-7151	80	1	this	this	DET
aijes-7151	80	2	issue	issue	NOUN
aijes-7151	80	3	will	will	AUX
aijes-7151	80	4	be	be	AUX
aijes-7151	80	5	examined	examine	VERB
aijes-7151	80	6	in	in	ADP
aijes-7151	80	7	the	the	DET
aijes-7151	80	8	empirical	empirical	ADJ
aijes-7151	80	9	section	section	NOUN
aijes-7151	80	10	of	of	ADP
aijes-7151	80	11	this	this	DET
aijes-7151	80	12	article	article	NOUN
aijes-7151	80	13	.	.	PUNCT
aijes-7151	81	1	fiat	fiat	NOUN
aijes-7151	81	2	-	-	PUNCT
aijes-7151	81	3	backed	back	VERB
aijes-7151	81	4	stablecoins	stablecoin	NOUN
aijes-7151	81	5	maintain	maintain	VERB
aijes-7151	81	6	value	value	NOUN
aijes-7151	81	7	parity	parity	NOUN
aijes-7151	81	8	through	through	ADP
aijes-7151	81	9	reserves	reserve	NOUN
aijes-7151	81	10	of	of	ADP
aijes-7151	81	11	fiat	fiat	ADJ
aijes-7151	81	12	currency	currency	NOUN
aijes-7151	81	13	.	.	PUNCT
aijes-7151	82	1	in	in	ADP
aijes-7151	82	2	the	the	DET
aijes-7151	82	3	case	case	NOUN
aijes-7151	82	4	of	of	ADP
aijes-7151	82	5	tether	tether	NOUN
aijes-7151	82	6	,	,	PUNCT
aijes-7151	82	7	for	for	ADP
aijes-7151	82	8	each	each	DET
aijes-7151	82	9	usdt	usdt	NOUN
aijes-7151	82	10	in	in	ADP
aijes-7151	82	11	circulation	circulation	NOUN
aijes-7151	82	12	,	,	PUNCT
aijes-7151	82	13	an	an	DET
aijes-7151	82	14	equivalent	equivalent	ADJ
aijes-7151	82	15	amount	amount	NOUN
aijes-7151	82	16	of	of	ADP
aijes-7151	82	17	u.s	u.s	PROPN
aijes-7151	82	18	.	.	PROPN
aijes-7151	82	19	dollars	dollar	NOUN
aijes-7151	82	20	is	be	AUX
aijes-7151	82	21	held	hold	VERB
aijes-7151	82	22	in	in	ADP
aijes-7151	82	23	reserve	reserve	NOUN
aijes-7151	82	24	at	at	ADP
aijes-7151	82	25	a	a	DET
aijes-7151	82	26	financial	financial	ADJ
aijes-7151	82	27	institution	institution	NOUN
aijes-7151	82	28	(	(	PUNCT
aijes-7151	82	29	tether	tether	NOUN
aijes-7151	82	30	,	,	PUNCT
aijes-7151	82	31	2025a	2025a	NUM
aijes-7151	82	32	)	)	PUNCT
aijes-7151	82	33	.	.	PUNCT
aijes-7151	83	1	this	this	DET
aijes-7151	83	2	model	model	NOUN
aijes-7151	83	3	operates	operate	VERB
aijes-7151	83	4	on	on	ADP
aijes-7151	83	5	a	a	DET
aijes-7151	83	6	simple	simple	ADJ
aijes-7151	83	7	principle	principle	NOUN
aijes-7151	83	8	:	:	PUNCT
aijes-7151	83	9	each	each	DET
aijes-7151	83	10	stablecoin	stablecoin	NOUN
aijes-7151	83	11	must	must	AUX
aijes-7151	83	12	be	be	AUX
aijes-7151	83	13	redeemable	redeemable	ADJ
aijes-7151	83	14	at	at	ADP
aijes-7151	83	15	any	any	DET
aijes-7151	83	16	time	time	NOUN
aijes-7151	83	17	for	for	ADP
aijes-7151	83	18	its	its	PRON
aijes-7151	83	19	fiat	fiat	NOUN
aijes-7151	83	20	equivalent	equivalent	NOUN
aijes-7151	83	21	(	(	PUNCT
aijes-7151	83	22	mattos	mattos	PROPN
aijes-7151	83	23	,	,	PUNCT
aijes-7151	83	24	2023	2023	NUM
aijes-7151	83	25	)	)	PUNCT
aijes-7151	83	26	.	.	PUNCT
aijes-7151	84	1	crypto	crypto	VERB
aijes-7151	84	2	-	-	ADJ
aijes-7151	84	3	pegged	peg	VERB
aijes-7151	84	4	stablecoins	stablecoin	NOUN
aijes-7151	84	5	,	,	PUNCT
aijes-7151	84	6	such	such	ADJ
aijes-7151	84	7	as	as	ADP
aijes-7151	84	8	dai	dai	PROPN
aijes-7151	84	9	,	,	PUNCT
aijes-7151	84	10	are	be	AUX
aijes-7151	84	11	collateralized	collateralize	VERB
aijes-7151	84	12	by	by	ADP
aijes-7151	84	13	other	other	ADJ
aijes-7151	84	14	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	84	15	,	,	PUNCT
aijes-7151	84	16	usually	usually	ADV
aijes-7151	84	17	ethereum	ethereum	VERB
aijes-7151	84	18	.	.	PUNCT
aijes-7151	85	1	despite	despite	SCONJ
aijes-7151	85	2	ethereum	ethereum	NOUN
aijes-7151	85	3	’s	’s	PART
aijes-7151	85	4	robust	robust	ADJ
aijes-7151	85	5	infrastructure	infrastructure	NOUN
aijes-7151	85	6	and	and	CCONJ
aijes-7151	85	7	history	history	NOUN
aijes-7151	85	8	of	of	ADP
aijes-7151	85	9	successful	successful	ADJ
aijes-7151	85	10	smart	smart	ADJ
aijes-7151	85	11	contract	contract	NOUN
aijes-7151	85	12	deployments	deployment	NOUN
aijes-7151	85	13	,	,	PUNCT
aijes-7151	85	14	assets	asset	NOUN
aijes-7151	85	15	on	on	ADP
aijes-7151	85	16	its	its	PRON
aijes-7151	85	17	network	network	NOUN
aijes-7151	85	18	—	—	PUNCT
aijes-7151	85	19	including	include	VERB
aijes-7151	85	20	eth	eth	NOUN
aijes-7151	85	21	and	and	CCONJ
aijes-7151	85	22	tokens	token	NOUN
aijes-7151	85	23	—	—	PUNCT
aijes-7151	85	24	remain	remain	VERB
aijes-7151	85	25	highly	highly	ADV
aijes-7151	85	26	susceptible	susceptible	ADJ
aijes-7151	85	27	to	to	ADP
aijes-7151	85	28	market	market	NOUN
aijes-7151	85	29	fluctuations	fluctuation	NOUN
aijes-7151	85	30	.	.	PUNCT
aijes-7151	86	1	consequently	consequently	ADV
aijes-7151	86	2	,	,	PUNCT
aijes-7151	86	3	crypto	crypto	ADJ
aijes-7151	86	4	-	-	ADJ
aijes-7151	86	5	backed	back	VERB
aijes-7151	86	6	models	model	NOUN
aijes-7151	86	7	offer	offer	VERB
aijes-7151	86	8	less	less	ADJ
aijes-7151	86	9	reliability	reliability	NOUN
aijes-7151	86	10	than	than	ADP
aijes-7151	86	11	fiat	fiat	NOUN
aijes-7151	86	12	-	-	PUNCT
aijes-7151	86	13	backed	back	VERB
aijes-7151	86	14	alternatives	alternative	NOUN
aijes-7151	86	15	.	.	PUNCT
aijes-7151	87	1	some	some	DET
aijes-7151	87	2	stablecoins	stablecoin	NOUN
aijes-7151	87	3	rely	rely	VERB
aijes-7151	87	4	on	on	ADP
aijes-7151	87	5	algorithmic	algorithmic	ADJ
aijes-7151	87	6	stabilization	stabilization	NOUN
aijes-7151	87	7	mechanisms	mechanism	NOUN
aijes-7151	87	8	.	.	PUNCT
aijes-7151	88	1	these	these	PRON
aijes-7151	88	2	do	do	AUX
aijes-7151	88	3	not	not	PART
aijes-7151	88	4	involve	involve	VERB
aijes-7151	88	5	backing	backing	NOUN
aijes-7151	88	6	by	by	ADP
aijes-7151	88	7	any	any	DET
aijes-7151	88	8	tangible	tangible	ADJ
aijes-7151	88	9	assets	asset	NOUN
aijes-7151	88	10	;	;	PUNCT
aijes-7151	88	11	instead	instead	ADV
aijes-7151	88	12	,	,	PUNCT
aijes-7151	88	13	they	they	PRON
aijes-7151	88	14	utilize	utilize	VERB
aijes-7151	88	15	pre	pre	ADJ
aijes-7151	88	16	-	-	ADJ
aijes-7151	88	17	programmed	programmed	ADJ
aijes-7151	88	18	rules	rule	NOUN
aijes-7151	88	19	that	that	PRON
aijes-7151	88	20	automatically	automatically	ADV
aijes-7151	88	21	adjust	adjust	VERB
aijes-7151	88	22	coin	coin	NOUN
aijes-7151	88	23	supply	supply	NOUN
aijes-7151	88	24	in	in	ADP
aijes-7151	88	25	response	response	NOUN
aijes-7151	88	26	to	to	ADP
aijes-7151	88	27	market	market	NOUN
aijes-7151	88	28	demand	demand	NOUN
aijes-7151	88	29	,	,	PUNCT
aijes-7151	88	30	thereby	thereby	ADV
aijes-7151	88	31	maintaining	maintain	VERB
aijes-7151	88	32	a	a	DET
aijes-7151	88	33	stable	stable	ADJ
aijes-7151	88	34	value	value	NOUN
aijes-7151	88	35	(	(	PUNCT
aijes-7151	88	36	kwon	kwon	PROPN
aijes-7151	88	37	,	,	PUNCT
aijes-7151	88	38	2024	2024	NUM
aijes-7151	88	39	)	)	PUNCT
aijes-7151	88	40	.	.	PUNCT
aijes-7151	89	1	notable	notable	ADJ
aijes-7151	89	2	algorithmic	algorithmic	ADJ
aijes-7151	89	3	stablecoins	stablecoin	NOUN
aijes-7151	89	4	include	include	VERB
aijes-7151	89	5	usdd	usdd	NOUN
aijes-7151	89	6	,	,	PUNCT
aijes-7151	89	7	ustc	ustc	PROPN
aijes-7151	89	8	,	,	PUNCT
aijes-7151	89	9	usdx	usdx	PROPN
aijes-7151	89	10	,	,	PUNCT
aijes-7151	89	11	cusd	cusd	NOUN
aijes-7151	89	12	,	,	PUNCT
aijes-7151	89	13	and	and	CCONJ
aijes-7151	89	14	ampl	ampl	NOUN
aijes-7151	89	15	(	(	PUNCT
aijes-7151	89	16	coinmarketcap	coinmarketcap	NOUN
aijes-7151	89	17	,	,	PUNCT
aijes-7151	89	18	2025c	2025c	NUM
aijes-7151	89	19	)	)	PUNCT
aijes-7151	89	20	.	.	PUNCT
aijes-7151	90	1	beyond	beyond	ADP
aijes-7151	90	2	price	price	NOUN
aijes-7151	90	3	stability	stability	NOUN
aijes-7151	90	4	,	,	PUNCT
aijes-7151	90	5	two	two	NUM
aijes-7151	90	6	additional	additional	ADJ
aijes-7151	90	7	dimensions	dimension	NOUN
aijes-7151	90	8	are	be	AUX
aijes-7151	90	9	vital	vital	ADJ
aijes-7151	90	10	:	:	PUNCT
aijes-7151	90	11	liquidity	liquidity	NOUN
aijes-7151	90	12	and	and	CCONJ
aijes-7151	90	13	regulatory	regulatory	ADJ
aijes-7151	90	14	clarity	clarity	NOUN
aijes-7151	90	15	.	.	PUNCT
aijes-7151	91	1	stablecoins	stablecoin	NOUN
aijes-7151	91	2	offer	offer	VERB
aijes-7151	91	3	high	high	ADJ
aijes-7151	91	4	liquidity	liquidity	NOUN
aijes-7151	91	5	and	and	CCONJ
aijes-7151	91	6	can	can	AUX
aijes-7151	91	7	be	be	AUX
aijes-7151	91	8	swiftly	swiftly	ADV
aijes-7151	91	9	converted	convert	VERB
aijes-7151	91	10	into	into	ADP
aijes-7151	91	11	fiat	fiat	ADJ
aijes-7151	91	12	or	or	CCONJ
aijes-7151	91	13	other	other	ADJ
aijes-7151	91	14	assets	asset	NOUN
aijes-7151	91	15	,	,	PUNCT
aijes-7151	91	16	without	without	ADP
aijes-7151	91	17	the	the	DET
aijes-7151	91	18	volatility	volatility	NOUN
aijes-7151	91	19	experienced	experience	VERB
aijes-7151	91	20	by	by	ADP
aijes-7151	91	21	most	most	ADJ
aijes-7151	91	22	other	other	ADJ
aijes-7151	91	23	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	91	24	.	.	PUNCT
aijes-7151	92	1	when	when	SCONJ
aijes-7151	92	2	issued	issue	VERB
aijes-7151	92	3	in	in	ADP
aijes-7151	92	4	jurisdictions	jurisdiction	NOUN
aijes-7151	92	5	with	with	ADP
aijes-7151	92	6	comprehensive	comprehensive	ADJ
aijes-7151	92	7	regulatory	regulatory	ADJ
aijes-7151	92	8	frameworks	framework	NOUN
aijes-7151	92	9	,	,	PUNCT
aijes-7151	92	10	the	the	DET
aijes-7151	92	11	role	role	NOUN
aijes-7151	92	12	of	of	ADP
aijes-7151	92	13	supervisory	supervisory	ADJ
aijes-7151	92	14	authorities	authority	NOUN
aijes-7151	92	15	becomes	become	VERB
aijes-7151	92	16	essential	essential	ADJ
aijes-7151	92	17	in	in	ADP
aijes-7151	92	18	ensuring	ensure	VERB
aijes-7151	92	19	transparency	transparency	NOUN
aijes-7151	92	20	and	and	CCONJ
aijes-7151	92	21	investor	investor	NOUN
aijes-7151	92	22	protection	protection	NOUN
aijes-7151	92	23	.	.	PUNCT
aijes-7151	93	1	the	the	DET
aijes-7151	93	2	utility	utility	NOUN
aijes-7151	93	3	of	of	ADP
aijes-7151	93	4	stablecoins	stablecoin	NOUN
aijes-7151	93	5	is	be	AUX
aijes-7151	93	6	evident	evident	ADJ
aijes-7151	93	7	across	across	ADP
aijes-7151	93	8	various	various	ADJ
aijes-7151	93	9	use	use	NOUN
aijes-7151	93	10	cases	case	NOUN
aijes-7151	93	11	(	(	PUNCT
aijes-7151	93	12	chainalysis	chainalysis	NOUN
aijes-7151	93	13	,	,	PUNCT
aijes-7151	93	14	2024	2024	NUM
aijes-7151	93	15	):	):	PUNCT
aijes-7151	93	16	julija	julija	NOUN
aijes-7151	93	17	lapuh	lapuh	X
aijes-7151	93	18	bele	bele	PROPN
aijes-7151	93	19	,	,	PUNCT
aijes-7151	93	20	tanja	tanja	PROPN
aijes-7151	93	21	bele	bele	PROPN
aijes-7151	93	22	181	181	NUM
aijes-7151	93	23			NOUN
aijes-7151	93	24	payments	payment	NOUN
aijes-7151	93	25	–	–	PUNCT
aijes-7151	93	26	ideal	ideal	ADJ
aijes-7151	93	27	for	for	ADP
aijes-7151	93	28	international	international	ADJ
aijes-7151	93	29	transactions	transaction	NOUN
aijes-7151	93	30	due	due	ADP
aijes-7151	93	31	to	to	ADP
aijes-7151	93	32	their	their	PRON
aijes-7151	93	33	low	low	ADJ
aijes-7151	93	34	fees	fee	NOUN
aijes-7151	93	35	and	and	CCONJ
aijes-7151	93	36	fast	fast	ADJ
aijes-7151	93	37	processing	processing	NOUN
aijes-7151	93	38	;	;	PUNCT
aijes-7151	93	39			PRON
aijes-7151	93	40	inflation	inflation	NOUN
aijes-7151	93	41	hedging	hedging	NOUN
aijes-7151	93	42	–	–	PUNCT
aijes-7151	93	43	pegged	peg	VERB
aijes-7151	93	44	stablecoins	stablecoin	NOUN
aijes-7151	93	45	provide	provide	VERB
aijes-7151	93	46	a	a	DET
aijes-7151	93	47	store	store	NOUN
aijes-7151	93	48	of	of	ADP
aijes-7151	93	49	value	value	NOUN
aijes-7151	93	50	,	,	PUNCT
aijes-7151	93	51	especially	especially	ADV
aijes-7151	93	52	in	in	ADP
aijes-7151	93	53	economies	economy	NOUN
aijes-7151	93	54	experiencing	experience	VERB
aijes-7151	93	55	national	national	ADJ
aijes-7151	93	56	official	official	ADJ
aijes-7151	93	57	currency	currency	NOUN
aijes-7151	93	58	devaluation	devaluation	NOUN
aijes-7151	93	59	;	;	PUNCT
aijes-7151	93	60			PRON
aijes-7151	93	61	decentralized	decentralize	VERB
aijes-7151	93	62	finance	finance	NOUN
aijes-7151	93	63	(	(	PUNCT
aijes-7151	93	64	defi	defi	PROPN
aijes-7151	93	65	)	)	PUNCT
aijes-7151	93	66	–	–	PUNCT
aijes-7151	93	67	foundational	foundational	ADJ
aijes-7151	93	68	tools	tool	NOUN
aijes-7151	93	69	for	for	ADP
aijes-7151	93	70	lending	lending	NOUN
aijes-7151	93	71	,	,	PUNCT
aijes-7151	93	72	borrowing	borrowing	NOUN
aijes-7151	93	73	,	,	PUNCT
aijes-7151	93	74	and	and	CCONJ
aijes-7151	93	75	providing	provide	VERB
aijes-7151	93	76	liquidity	liquidity	NOUN
aijes-7151	93	77	in	in	ADP
aijes-7151	93	78	blockchain	blockchain	PROPN
aijes-7151	93	79	-	-	PUNCT
aijes-7151	93	80	based	base	VERB
aijes-7151	93	81	financial	financial	ADJ
aijes-7151	93	82	systems	system	NOUN
aijes-7151	93	83	.	.	PUNCT
aijes-7151	94	1	nevertheless	nevertheless	ADV
aijes-7151	94	2	,	,	PUNCT
aijes-7151	94	3	stablecoins	stablecoin	NOUN
aijes-7151	94	4	have	have	AUX
aijes-7151	94	5	increasingly	increasingly	ADV
aijes-7151	94	6	been	be	AUX
aijes-7151	94	7	exploited	exploit	VERB
aijes-7151	94	8	in	in	ADP
aijes-7151	94	9	organized	organized	ADJ
aijes-7151	94	10	crime	crime	NOUN
aijes-7151	94	11	.	.	PUNCT
aijes-7151	95	1	since	since	SCONJ
aijes-7151	95	2	2021	2021	NUM
aijes-7151	95	3	,	,	PUNCT
aijes-7151	95	4	law	law	NOUN
aijes-7151	95	5	enforcement	enforcement	NOUN
aijes-7151	95	6	agencies	agency	NOUN
aijes-7151	95	7	have	have	AUX
aijes-7151	95	8	noted	note	VERB
aijes-7151	95	9	a	a	DET
aijes-7151	95	10	declining	decline	VERB
aijes-7151	95	11	use	use	NOUN
aijes-7151	95	12	of	of	ADP
aijes-7151	95	13	bitcoin	bitcoin	NOUN
aijes-7151	95	14	in	in	ADP
aijes-7151	95	15	illicit	illicit	ADJ
aijes-7151	95	16	transactions	transaction	NOUN
aijes-7151	95	17	,	,	PUNCT
aijes-7151	95	18	with	with	ADP
aijes-7151	95	19	a	a	DET
aijes-7151	95	20	concurrent	concurrent	ADJ
aijes-7151	95	21	rise	rise	NOUN
aijes-7151	95	22	in	in	ADP
aijes-7151	95	23	the	the	DET
aijes-7151	95	24	use	use	NOUN
aijes-7151	95	25	of	of	ADP
aijes-7151	95	26	stablecoins	stablecoin	NOUN
aijes-7151	95	27	(	(	PUNCT
aijes-7151	95	28	chainalysis	chainalysis	NOUN
aijes-7151	95	29	,	,	PUNCT
aijes-7151	95	30	2025	2025	NUM
aijes-7151	95	31	;	;	PUNCT
aijes-7151	95	32	europol	europol	NOUN
aijes-7151	95	33	,	,	PUNCT
aijes-7151	95	34	2024	2024	NUM
aijes-7151	95	35	)	)	PUNCT
aijes-7151	95	36	.	.	PUNCT
aijes-7151	96	1	given	give	VERB
aijes-7151	96	2	the	the	DET
aijes-7151	96	3	exponential	exponential	ADJ
aijes-7151	96	4	market	market	NOUN
aijes-7151	96	5	growth	growth	NOUN
aijes-7151	96	6	,	,	PUNCT
aijes-7151	96	7	regulators	regulator	NOUN
aijes-7151	96	8	are	be	AUX
aijes-7151	96	9	closely	closely	ADV
aijes-7151	96	10	monitoring	monitor	VERB
aijes-7151	96	11	stablecoin	stablecoin	ADJ
aijes-7151	96	12	issuers	issuer	NOUN
aijes-7151	96	13	,	,	PUNCT
aijes-7151	96	14	recognizing	recognize	VERB
aijes-7151	96	15	their	their	PRON
aijes-7151	96	16	potential	potential	NOUN
aijes-7151	96	17	to	to	PART
aijes-7151	96	18	impact	impact	VERB
aijes-7151	96	19	global	global	ADJ
aijes-7151	96	20	financial	financial	ADJ
aijes-7151	96	21	stability	stability	NOUN
aijes-7151	96	22	(	(	PUNCT
aijes-7151	96	23	hayes	hayes	PROPN
aijes-7151	96	24	,	,	PUNCT
aijes-7151	96	25	2024	2024	NUM
aijes-7151	96	26	)	)	PUNCT
aijes-7151	96	27	.	.	PUNCT
aijes-7151	97	1	however	however	ADV
aijes-7151	97	2	,	,	PUNCT
aijes-7151	97	3	regulation	regulation	NOUN
aijes-7151	97	4	remains	remain	VERB
aijes-7151	97	5	fragmented	fragmented	ADJ
aijes-7151	97	6	.	.	PUNCT
aijes-7151	98	1	many	many	ADJ
aijes-7151	98	2	issuers	issuer	NOUN
aijes-7151	98	3	operate	operate	VERB
aijes-7151	98	4	from	from	ADP
aijes-7151	98	5	countries	country	NOUN
aijes-7151	98	6	with	with	ADP
aijes-7151	98	7	underdeveloped	underdeveloped	ADJ
aijes-7151	98	8	or	or	CCONJ
aijes-7151	98	9	ambiguous	ambiguous	ADJ
aijes-7151	98	10	legal	legal	ADJ
aijes-7151	98	11	frameworks	framework	NOUN
aijes-7151	98	12	.	.	PUNCT
aijes-7151	99	1	for	for	ADP
aijes-7151	99	2	investors	investor	NOUN
aijes-7151	99	3	,	,	PUNCT
aijes-7151	99	4	it	it	PRON
aijes-7151	99	5	is	be	AUX
aijes-7151	99	6	generally	generally	ADV
aijes-7151	99	7	safer	safe	ADJ
aijes-7151	99	8	to	to	PART
aijes-7151	99	9	opt	opt	VERB
aijes-7151	99	10	for	for	ADP
aijes-7151	99	11	stablecoins	stablecoin	NOUN
aijes-7151	99	12	issued	issue	VERB
aijes-7151	99	13	under	under	ADP
aijes-7151	99	14	the	the	DET
aijes-7151	99	15	legal	legal	ADJ
aijes-7151	99	16	oversight	oversight	NOUN
aijes-7151	99	17	of	of	ADP
aijes-7151	99	18	economically	economically	ADV
aijes-7151	99	19	and	and	CCONJ
aijes-7151	99	20	institutionally	institutionally	ADV
aijes-7151	99	21	robust	robust	ADJ
aijes-7151	99	22	jurisdictions	jurisdiction	NOUN
aijes-7151	99	23	.	.	PUNCT
aijes-7151	100	1	investor	investor	NOUN
aijes-7151	100	2	motivations	motivation	NOUN
aijes-7151	100	3	vary	vary	VERB
aijes-7151	100	4	.	.	PUNCT
aijes-7151	101	1	some	some	DET
aijes-7151	101	2	allocate	allocate	ADJ
aijes-7151	101	3	portions	portion	NOUN
aijes-7151	101	4	of	of	ADP
aijes-7151	101	5	their	their	PRON
aijes-7151	101	6	portfolio	portfolio	NOUN
aijes-7151	101	7	to	to	ADP
aijes-7151	101	8	high	high	ADJ
aijes-7151	101	9	-	-	PUNCT
aijes-7151	101	10	risk	risk	NOUN
aijes-7151	101	11	,	,	PUNCT
aijes-7151	101	12	speculative	speculative	ADJ
aijes-7151	101	13	assets	asset	NOUN
aijes-7151	101	14	,	,	PUNCT
aijes-7151	101	15	including	include	VERB
aijes-7151	101	16	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	101	17	.	.	PUNCT
aijes-7151	102	1	others	other	NOUN
aijes-7151	102	2	seek	seek	VERB
aijes-7151	102	3	to	to	PART
aijes-7151	102	4	preserve	preserve	VERB
aijes-7151	102	5	capital	capital	NOUN
aijes-7151	102	6	or	or	CCONJ
aijes-7151	102	7	pursue	pursue	VERB
aijes-7151	102	8	modest	modest	ADJ
aijes-7151	102	9	growth	growth	NOUN
aijes-7151	102	10	.	.	PUNCT
aijes-7151	103	1	in	in	ADP
aijes-7151	103	2	countries	country	NOUN
aijes-7151	103	3	with	with	ADP
aijes-7151	103	4	chronic	chronic	ADJ
aijes-7151	103	5	inflation	inflation	NOUN
aijes-7151	103	6	and	and	CCONJ
aijes-7151	103	7	currency	currency	NOUN
aijes-7151	103	8	instability	instability	NOUN
aijes-7151	103	9	—	—	PUNCT
aijes-7151	103	10	such	such	ADJ
aijes-7151	103	11	as	as	ADP
aijes-7151	103	12	turkey	turkey	PROPN
aijes-7151	103	13	,	,	PUNCT
aijes-7151	103	14	venezuela	venezuela	PROPN
aijes-7151	103	15	,	,	PUNCT
aijes-7151	103	16	and	and	CCONJ
aijes-7151	103	17	argentina	argentina	PROPN
aijes-7151	103	18	—	—	PUNCT
aijes-7151	103	19	citizens	citizen	NOUN
aijes-7151	103	20	are	be	AUX
aijes-7151	103	21	increasingly	increasingly	ADV
aijes-7151	103	22	turning	turn	VERB
aijes-7151	103	23	to	to	ADP
aijes-7151	103	24	stable	stable	ADJ
aijes-7151	103	25	assets	asset	NOUN
aijes-7151	103	26	like	like	ADP
aijes-7151	103	27	the	the	DET
aijes-7151	103	28	u.s	u.s	PROPN
aijes-7151	103	29	.	.	PROPN
aijes-7151	103	30	dollar	dollar	NOUN
aijes-7151	103	31	and	and	CCONJ
aijes-7151	103	32	usd	usd	NOUN
aijes-7151	103	33	-	-	PUNCT
aijes-7151	103	34	pegged	peg	VERB
aijes-7151	103	35	stablecoins	stablecoin	NOUN
aijes-7151	103	36	to	to	PART
aijes-7151	103	37	safeguard	safeguard	VERB
aijes-7151	103	38	their	their	PRON
aijes-7151	103	39	wealth	wealth	NOUN
aijes-7151	103	40	.	.	PUNCT
aijes-7151	104	1	interestingly	interestingly	ADV
aijes-7151	104	2	,	,	PUNCT
aijes-7151	104	3	stablecoins	stablecoin	NOUN
aijes-7151	104	4	are	be	AUX
aijes-7151	104	5	also	also	ADV
aijes-7151	104	6	widely	widely	ADV
aijes-7151	104	7	used	use	VERB
aijes-7151	104	8	in	in	ADP
aijes-7151	104	9	countries	country	NOUN
aijes-7151	104	10	like	like	ADP
aijes-7151	104	11	the	the	DET
aijes-7151	104	12	united	united	PROPN
aijes-7151	104	13	states	states	PROPN
aijes-7151	104	14	,	,	PUNCT
aijes-7151	104	15	where	where	SCONJ
aijes-7151	104	16	currency	currency	NOUN
aijes-7151	104	17	devaluation	devaluation	NOUN
aijes-7151	104	18	is	be	AUX
aijes-7151	104	19	not	not	PART
aijes-7151	104	20	a	a	DET
aijes-7151	104	21	primary	primary	ADJ
aijes-7151	104	22	concern	concern	NOUN
aijes-7151	104	23	(	(	PUNCT
aijes-7151	104	24	chainalysis	chainalysis	NOUN
aijes-7151	104	25	,	,	PUNCT
aijes-7151	104	26	2024	2024	NUM
aijes-7151	104	27	)	)	PUNCT
aijes-7151	104	28	.	.	PUNCT
aijes-7151	105	1	the	the	DET
aijes-7151	105	2	fundamental	fundamental	ADJ
aijes-7151	105	3	goal	goal	NOUN
aijes-7151	105	4	of	of	ADP
aijes-7151	105	5	stablecoins	stablecoin	NOUN
aijes-7151	105	6	is	be	AUX
aijes-7151	105	7	value	value	NOUN
aijes-7151	105	8	preservation	preservation	NOUN
aijes-7151	105	9	.	.	PUNCT
aijes-7151	106	1	nevertheless	nevertheless	ADV
aijes-7151	106	2	,	,	PUNCT
aijes-7151	106	3	investors	investor	NOUN
aijes-7151	106	4	must	must	AUX
aijes-7151	106	5	remain	remain	VERB
aijes-7151	106	6	aware	aware	ADJ
aijes-7151	106	7	that	that	SCONJ
aijes-7151	106	8	all	all	DET
aijes-7151	106	9	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	106	10	are	be	AUX
aijes-7151	106	11	inherently	inherently	ADV
aijes-7151	106	12	risky	risky	ADJ
aijes-7151	106	13	,	,	PUNCT
aijes-7151	106	14	and	and	CCONJ
aijes-7151	106	15	no	no	DET
aijes-7151	106	16	government	government	NOUN
aijes-7151	106	17	or	or	CCONJ
aijes-7151	106	18	financial	financial	ADJ
aijes-7151	106	19	institution	institution	NOUN
aijes-7151	106	20	guarantees	guarantee	VERB
aijes-7151	106	21	their	their	PRON
aijes-7151	106	22	value	value	NOUN
aijes-7151	106	23	or	or	CCONJ
aijes-7151	106	24	offers	offer	VERB
aijes-7151	106	25	protection	protection	NOUN
aijes-7151	106	26	against	against	ADP
aijes-7151	106	27	market	market	NOUN
aijes-7151	106	28	losses	loss	NOUN
aijes-7151	106	29	.	.	PUNCT
aijes-7151	107	1	regulatory	regulatory	ADJ
aijes-7151	107	2	framework	framework	NOUN
aijes-7151	107	3	for	for	ADP
aijes-7151	107	4	stablecoins	stablecoin	NOUN
aijes-7151	107	5	until	until	ADP
aijes-7151	107	6	recently	recently	ADV
aijes-7151	107	7	,	,	PUNCT
aijes-7151	107	8	trading	trading	NOUN
aijes-7151	107	9	in	in	ADP
aijes-7151	107	10	crypto	crypto	NOUN
aijes-7151	107	11	-	-	NOUN
aijes-7151	107	12	assets	asset	NOUN
aijes-7151	107	13	was	be	AUX
aijes-7151	107	14	largely	largely	ADV
aijes-7151	107	15	unregulated	unregulated	ADJ
aijes-7151	107	16	in	in	ADP
aijes-7151	107	17	most	most	ADJ
aijes-7151	107	18	jurisdictions	jurisdiction	NOUN
aijes-7151	107	19	.	.	PUNCT
aijes-7151	108	1	however	however	ADV
aijes-7151	108	2	,	,	PUNCT
aijes-7151	108	3	as	as	SCONJ
aijes-7151	108	4	trading	trading	NOUN
aijes-7151	108	5	volumes	volume	NOUN
aijes-7151	108	6	and	and	CCONJ
aijes-7151	108	7	the	the	DET
aijes-7151	108	8	share	share	NOUN
aijes-7151	108	9	of	of	ADP
aijes-7151	108	10	household	household	NOUN
aijes-7151	108	11	and	and	CCONJ
aijes-7151	108	12	institutional	institutional	ADJ
aijes-7151	108	13	wealth	wealth	NOUN
aijes-7151	108	14	allocated	allocate	VERB
aijes-7151	108	15	to	to	AUX
aijes-7151	108	16	crypto	crypto	NOUN
aijes-7151	108	17	-	-	NOUN
aijes-7151	108	18	assets	asset	NOUN
aijes-7151	108	19	increased	increase	VERB
aijes-7151	108	20	,	,	PUNCT
aijes-7151	108	21	economically	economically	ADV
aijes-7151	108	22	significant	significant	ADJ
aijes-7151	108	23	countries	country	NOUN
aijes-7151	108	24	began	begin	VERB
aijes-7151	108	25	introducing	introduce	VERB
aijes-7151	108	26	legal	legal	ADJ
aijes-7151	108	27	frameworks	framework	NOUN
aijes-7151	108	28	to	to	PART
aijes-7151	108	29	govern	govern	VERB
aijes-7151	108	30	this	this	DET
aijes-7151	108	31	rapidly	rapidly	ADV
aijes-7151	108	32	evolving	evolve	VERB
aijes-7151	108	33	domain	domain	NOUN
aijes-7151	108	34	.	.	PUNCT
aijes-7151	109	1	the	the	DET
aijes-7151	109	2	use	use	NOUN
aijes-7151	109	3	of	of	ADP
aijes-7151	109	4	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	109	5	is	be	AUX
aijes-7151	109	6	associated	associate	VERB
aijes-7151	109	7	with	with	ADP
aijes-7151	109	8	several	several	ADJ
aijes-7151	109	9	systemic	systemic	ADJ
aijes-7151	109	10	risks	risk	NOUN
aijes-7151	109	11	,	,	PUNCT
aijes-7151	109	12	including	include	VERB
aijes-7151	109	13	money	money	NOUN
aijes-7151	109	14	laundering	laundering	NOUN
aijes-7151	109	15	,	,	PUNCT
aijes-7151	109	16	terrorist	terrorist	ADJ
aijes-7151	109	17	financing	financing	NOUN
aijes-7151	109	18	,	,	PUNCT
aijes-7151	109	19	illicit	illicit	ADJ
aijes-7151	109	20	activities	activity	NOUN
aijes-7151	109	21	,	,	PUNCT
aijes-7151	109	22	and	and	CCONJ
aijes-7151	109	23	consumer	consumer	NOUN
aijes-7151	109	24	protection	protection	NOUN
aijes-7151	109	25	issues	issue	NOUN
aijes-7151	109	26	.	.	PUNCT
aijes-7151	110	1	the	the	DET
aijes-7151	110	2	international	international	ADJ
aijes-7151	110	3	monetary	monetary	ADJ
aijes-7151	110	4	fund	fund	NOUN
aijes-7151	110	5	(	(	PUNCT
aijes-7151	110	6	imf	imf	PROPN
aijes-7151	110	7	,	,	PUNCT
aijes-7151	110	8	2021	2021	NUM
aijes-7151	110	9	)	)	PUNCT
aijes-7151	110	10	has	have	AUX
aijes-7151	110	11	warned	warn	VERB
aijes-7151	110	12	that	that	SCONJ
aijes-7151	110	13	the	the	DET
aijes-7151	110	14	absence	absence	NOUN
aijes-7151	110	15	of	of	ADP
aijes-7151	110	16	adequate	adequate	ADJ
aijes-7151	110	17	regulation	regulation	NOUN
aijes-7151	110	18	may	may	AUX
aijes-7151	110	19	cause	cause	VERB
aijes-7151	110	20	financial	financial	ADJ
aijes-7151	110	21	instability	instability	NOUN
aijes-7151	110	22	,	,	PUNCT
aijes-7151	110	23	disruptions	disruption	NOUN
aijes-7151	110	24	to	to	ADP
aijes-7151	110	25	traditional	traditional	ADJ
aijes-7151	110	26	banking	banking	NOUN
aijes-7151	110	27	systems	system	NOUN
aijes-7151	110	28	,	,	PUNCT
aijes-7151	110	29	and	and	CCONJ
aijes-7151	110	30	difficulties	difficulty	NOUN
aijes-7151	110	31	in	in	ADP
aijes-7151	110	32	enforcing	enforce	VERB
aijes-7151	110	33	anti	anti	ADJ
aijes-7151	110	34	-	-	ADJ
aijes-7151	110	35	money	money	ADJ
aijes-7151	110	36	laundering	laundering	NOUN
aijes-7151	110	37	and	and	CCONJ
aijes-7151	110	38	anti	anti	ADJ
aijes-7151	110	39	-	-	ADJ
aijes-7151	110	40	terrorism	terrorism	ADJ
aijes-7151	110	41	financing	financing	NOUN
aijes-7151	110	42	laws	law	NOUN
aijes-7151	110	43	.	.	PUNCT
aijes-7151	111	1	moreover	moreover	ADV
aijes-7151	111	2	,	,	PUNCT
aijes-7151	111	3	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	111	4	are	be	AUX
aijes-7151	111	5	frequently	frequently	ADV
aijes-7151	111	6	used	use	VERB
aijes-7151	111	7	as	as	ADP
aijes-7151	111	8	a	a	DET
aijes-7151	111	9	payment	payment	NOUN
aijes-7151	111	10	method	method	NOUN
aijes-7151	111	11	by	by	ADP
aijes-7151	111	12	criminal	criminal	ADJ
aijes-7151	111	13	organizations	organization	NOUN
aijes-7151	111	14	.	.	PUNCT
aijes-7151	112	1	victims	victim	NOUN
aijes-7151	112	2	often	often	ADV
aijes-7151	112	3	pay	pay	VERB
aijes-7151	112	4	ransoms	ransom	NOUN
aijes-7151	112	5	in	in	ADP
aijes-7151	112	6	crypto	crypto	NOUN
aijes-7151	112	7	-	-	NOUN
aijes-7151	112	8	assets	asset	NOUN
aijes-7151	112	9	,	,	PUNCT
aijes-7151	112	10	and	and	CCONJ
aijes-7151	112	11	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	112	12	are	be	AUX
aijes-7151	112	13	widely	widely	ADV
aijes-7151	112	14	accepted	accept	VERB
aijes-7151	112	15	as	as	ADP
aijes-7151	112	16	a	a	DET
aijes-7151	112	17	medium	medium	NOUN
aijes-7151	112	18	of	of	ADP
aijes-7151	112	19	exchange	exchange	NOUN
aijes-7151	112	20	on	on	ADP
aijes-7151	112	21	the	the	DET
aijes-7151	112	22	dark	dark	ADJ
aijes-7151	112	23	web	web	NOUN
aijes-7151	112	24	(	(	PUNCT
aijes-7151	112	25	lapuh	lapuh	X
aijes-7151	112	26	bele	bele	X
aijes-7151	112	27	,	,	PUNCT
aijes-7151	112	28	2021	2021	NUM
aijes-7151	112	29	)	)	PUNCT
aijes-7151	112	30	.	.	PUNCT
aijes-7151	113	1	different	different	ADJ
aijes-7151	113	2	jurisdictions	jurisdiction	NOUN
aijes-7151	113	3	have	have	AUX
aijes-7151	113	4	taken	take	VERB
aijes-7151	113	5	markedly	markedly	ADV
aijes-7151	113	6	different	different	ADJ
aijes-7151	113	7	approaches	approach	NOUN
aijes-7151	113	8	to	to	ADP
aijes-7151	113	9	these	these	DET
aijes-7151	113	10	legal	legal	ADJ
aijes-7151	113	11	challenges	challenge	NOUN
aijes-7151	113	12	.	.	PUNCT
aijes-7151	114	1	this	this	DET
aijes-7151	114	2	article	article	NOUN
aijes-7151	114	3	focuses	focus	VERB
aijes-7151	114	4	on	on	ADP
aijes-7151	114	5	three	three	NUM
aijes-7151	114	6	of	of	ADP
aijes-7151	114	7	the	the	DET
aijes-7151	114	8	world	world	NOUN
aijes-7151	114	9	’s	’s	PART
aijes-7151	114	10	most	most	ADV
aijes-7151	114	11	influential	influential	ADJ
aijes-7151	114	12	economies	economy	NOUN
aijes-7151	114	13	—	—	PUNCT
aijes-7151	114	14	the	the	DET
aijes-7151	114	15	european	european	PROPN
aijes-7151	114	16	union	union	PROPN
aijes-7151	114	17	(	(	PUNCT
aijes-7151	114	18	eu	eu	PROPN
aijes-7151	114	19	)	)	PUNCT
aijes-7151	114	20	,	,	PUNCT
aijes-7151	114	21	the	the	DET
aijes-7151	114	22	united	united	PROPN
aijes-7151	114	23	states	states	PROPN
aijes-7151	114	24	(	(	PUNCT
aijes-7151	114	25	us	us	PROPN
aijes-7151	114	26	)	)	PUNCT
aijes-7151	114	27	,	,	PUNCT
aijes-7151	114	28	and	and	CCONJ
aijes-7151	114	29	china	china	PROPN
aijes-7151	114	30	—	—	PUNCT
aijes-7151	114	31	where	where	SCONJ
aijes-7151	114	32	regulatory	regulatory	ADJ
aijes-7151	114	33	strategies	strategy	NOUN
aijes-7151	114	34	diverge	diverge	VERB
aijes-7151	114	35	significantly	significantly	ADV
aijes-7151	114	36	.	.	PUNCT
aijes-7151	115	1	the	the	DET
aijes-7151	115	2	eu	eu	PROPN
aijes-7151	115	3	has	have	AUX
aijes-7151	115	4	introduced	introduce	VERB
aijes-7151	115	5	a	a	DET
aijes-7151	115	6	comprehensive	comprehensive	ADJ
aijes-7151	115	7	,	,	PUNCT
aijes-7151	115	8	unified	unified	ADJ
aijes-7151	115	9	regulatory	regulatory	ADJ
aijes-7151	115	10	framework	framework	NOUN
aijes-7151	115	11	via	via	ADP
aijes-7151	115	12	the	the	DET
aijes-7151	115	13	markets	market	NOUN
aijes-7151	115	14	in	in	ADP
aijes-7151	115	15	crypto	crypto	ADJ
aijes-7151	115	16	-	-	ADJ
aijes-7151	115	17	assets	asset	NOUN
aijes-7151	115	18	regulation	regulation	NOUN
aijes-7151	115	19	(	(	PUNCT
aijes-7151	115	20	mica	mica	NOUN
aijes-7151	115	21	)	)	PUNCT
aijes-7151	115	22	.	.	PUNCT
aijes-7151	116	1	in	in	ADP
aijes-7151	116	2	contrast	contrast	NOUN
aijes-7151	116	3	,	,	PUNCT
aijes-7151	116	4	the	the	DET
aijes-7151	116	5	us	us	PROPN
aijes-7151	116	6	regulatory	regulatory	ADJ
aijes-7151	116	7	regime	regime	NOUN
aijes-7151	116	8	remains	remain	VERB
aijes-7151	116	9	the	the	DET
aijes-7151	116	10	impact	impact	NOUN
aijes-7151	116	11	of	of	ADP
aijes-7151	116	12	stablecoins	stablecoin	NOUN
aijes-7151	116	13	on	on	ADP
aijes-7151	116	14	global	global	ADJ
aijes-7151	116	15	finance	finance	NOUN
aijes-7151	116	16	182	182	NUM
aijes-7151	116	17	fragmented	fragment	VERB
aijes-7151	116	18	,	,	PUNCT
aijes-7151	116	19	with	with	ADP
aijes-7151	116	20	no	no	DET
aijes-7151	116	21	single	single	ADJ
aijes-7151	116	22	overarching	overarching	ADJ
aijes-7151	116	23	federal	federal	ADJ
aijes-7151	116	24	law	law	NOUN
aijes-7151	116	25	for	for	ADP
aijes-7151	116	26	crypto	crypto	NOUN
aijes-7151	116	27	-	-	NOUN
aijes-7151	116	28	assets	asset	NOUN
aijes-7151	116	29	.	.	PUNCT
aijes-7151	117	1	china	china	PROPN
aijes-7151	117	2	has	have	AUX
aijes-7151	117	3	banned	ban	VERB
aijes-7151	117	4	privately	privately	ADV
aijes-7151	117	5	issued	issue	VERB
aijes-7151	117	6	stablecoins	stablecoin	NOUN
aijes-7151	117	7	altogether	altogether	ADV
aijes-7151	117	8	and	and	CCONJ
aijes-7151	117	9	is	be	AUX
aijes-7151	117	10	instead	instead	ADV
aijes-7151	117	11	pursuing	pursue	VERB
aijes-7151	117	12	the	the	DET
aijes-7151	117	13	development	development	NOUN
aijes-7151	117	14	of	of	ADP
aijes-7151	117	15	its	its	PRON
aijes-7151	117	16	central	central	ADJ
aijes-7151	117	17	bank	bank	NOUN
aijes-7151	117	18	digital	digital	ADJ
aijes-7151	117	19	currency	currency	NOUN
aijes-7151	117	20	(	(	PUNCT
aijes-7151	117	21	cbdc	cbdc	PROPN
aijes-7151	117	22	)	)	PUNCT
aijes-7151	117	23	(	(	PUNCT
aijes-7151	117	24	adejumo	adejumo	ADJ
aijes-7151	117	25	,	,	PUNCT
aijes-7151	117	26	2024	2024	NUM
aijes-7151	117	27	)	)	PUNCT
aijes-7151	117	28	.	.	PUNCT
aijes-7151	118	1	interestingly	interestingly	ADV
aijes-7151	118	2	,	,	PUNCT
aijes-7151	118	3	hong	hong	PROPN
aijes-7151	118	4	kong	kong	PROPN
aijes-7151	118	5	,	,	PUNCT
aijes-7151	118	6	a	a	DET
aijes-7151	118	7	special	special	ADJ
aijes-7151	118	8	administrative	administrative	ADJ
aijes-7151	118	9	region	region	NOUN
aijes-7151	118	10	of	of	ADP
aijes-7151	118	11	china	china	PROPN
aijes-7151	118	12	,	,	PUNCT
aijes-7151	118	13	has	have	AUX
aijes-7151	118	14	adopted	adopt	VERB
aijes-7151	118	15	a	a	DET
aijes-7151	118	16	more	more	ADV
aijes-7151	118	17	permissive	permissive	ADJ
aijes-7151	118	18	stance	stance	NOUN
aijes-7151	118	19	and	and	CCONJ
aijes-7151	118	20	implemented	implement	VERB
aijes-7151	118	21	its	its	PRON
aijes-7151	118	22	own	own	ADJ
aijes-7151	118	23	crypto	crypto	ADJ
aijes-7151	118	24	-	-	ADJ
aijes-7151	118	25	asset	asset	ADJ
aijes-7151	118	26	trading	trading	NOUN
aijes-7151	118	27	regulations	regulation	NOUN
aijes-7151	118	28	.	.	PUNCT
aijes-7151	119	1	the	the	DET
aijes-7151	119	2	european	european	PROPN
aijes-7151	119	3	union	union	PROPN
aijes-7151	119	4	:	:	PUNCT
aijes-7151	119	5	a	a	DET
aijes-7151	119	6	unified	unified	ADJ
aijes-7151	119	7	approach	approach	NOUN
aijes-7151	119	8	as	as	ADP
aijes-7151	119	9	of	of	ADP
aijes-7151	119	10	december	december	PROPN
aijes-7151	119	11	31	31	NUM
aijes-7151	119	12	,	,	PUNCT
aijes-7151	119	13	2024	2024	NUM
aijes-7151	119	14	,	,	PUNCT
aijes-7151	119	15	the	the	DET
aijes-7151	119	16	markets	market	NOUN
aijes-7151	119	17	in	in	ADP
aijes-7151	119	18	crypto	crypto	ADJ
aijes-7151	119	19	-	-	ADJ
aijes-7151	119	20	assets	asset	NOUN
aijes-7151	119	21	regulation	regulation	NOUN
aijes-7151	119	22	(	(	PUNCT
aijes-7151	119	23	mica	mica	NOUN
aijes-7151	119	24	)	)	PUNCT
aijes-7151	119	25	is	be	AUX
aijes-7151	119	26	in	in	ADP
aijes-7151	119	27	force	force	NOUN
aijes-7151	119	28	across	across	ADP
aijes-7151	119	29	the	the	DET
aijes-7151	119	30	eu	eu	PROPN
aijes-7151	119	31	.	.	PUNCT
aijes-7151	120	1	it	it	PRON
aijes-7151	120	2	provides	provide	VERB
aijes-7151	120	3	a	a	DET
aijes-7151	120	4	standardized	standardized	ADJ
aijes-7151	120	5	regulatory	regulatory	ADJ
aijes-7151	120	6	framework	framework	NOUN
aijes-7151	120	7	for	for	ADP
aijes-7151	120	8	all	all	DET
aijes-7151	120	9	member	member	NOUN
aijes-7151	120	10	states	state	NOUN
aijes-7151	120	11	and	and	CCONJ
aijes-7151	120	12	introduces	introduce	VERB
aijes-7151	120	13	legal	legal	ADJ
aijes-7151	120	14	requirements	requirement	NOUN
aijes-7151	120	15	for	for	ADP
aijes-7151	120	16	issuers	issuer	NOUN
aijes-7151	120	17	of	of	ADP
aijes-7151	120	18	crypto	crypto	NOUN
aijes-7151	120	19	-	-	NOUN
aijes-7151	120	20	assets	asset	NOUN
aijes-7151	120	21	as	as	ADV
aijes-7151	120	22	well	well	ADV
aijes-7151	120	23	as	as	ADP
aijes-7151	120	24	service	service	NOUN
aijes-7151	120	25	providers	provider	NOUN
aijes-7151	120	26	operating	operate	VERB
aijes-7151	120	27	within	within	ADP
aijes-7151	120	28	the	the	DET
aijes-7151	120	29	sector	sector	NOUN
aijes-7151	120	30	.	.	PUNCT
aijes-7151	121	1	while	while	SCONJ
aijes-7151	121	2	mica	mica	NOUN
aijes-7151	121	3	does	do	AUX
aijes-7151	121	4	not	not	PART
aijes-7151	121	5	explicitly	explicitly	ADV
aijes-7151	121	6	use	use	VERB
aijes-7151	121	7	the	the	DET
aijes-7151	121	8	term	term	NOUN
aijes-7151	121	9	stablecoins	stablecoin	NOUN
aijes-7151	121	10	,	,	PUNCT
aijes-7151	121	11	it	it	PRON
aijes-7151	121	12	categorizes	categorize	VERB
aijes-7151	121	13	such	such	ADJ
aijes-7151	121	14	instruments	instrument	NOUN
aijes-7151	121	15	under	under	ADP
aijes-7151	121	16	two	two	NUM
aijes-7151	121	17	main	main	ADJ
aijes-7151	121	18	classifications	classification	NOUN
aijes-7151	121	19	:	:	PUNCT
aijes-7151	121	20			PRON
aijes-7151	121	21	asset	asset	NOUN
aijes-7151	121	22	-	-	PUNCT
aijes-7151	121	23	referenced	reference	VERB
aijes-7151	121	24	tokens	token	NOUN
aijes-7151	121	25	(	(	PUNCT
aijes-7151	121	26	arts	art	NOUN
aijes-7151	121	27	):	):	PUNCT
aijes-7151	121	28	tokens	token	NOUN
aijes-7151	121	29	backed	back	VERB
aijes-7151	121	30	by	by	ADP
aijes-7151	121	31	a	a	DET
aijes-7151	121	32	basket	basket	NOUN
aijes-7151	121	33	of	of	ADP
aijes-7151	121	34	assets	asset	NOUN
aijes-7151	121	35	,	,	PUNCT
aijes-7151	121	36	including	include	VERB
aijes-7151	121	37	fiat	fiat	NOUN
aijes-7151	121	38	currencies	currency	NOUN
aijes-7151	121	39	,	,	PUNCT
aijes-7151	121	40	commodities	commodity	NOUN
aijes-7151	121	41	,	,	PUNCT
aijes-7151	121	42	or	or	CCONJ
aijes-7151	121	43	other	other	ADJ
aijes-7151	121	44	crypto	crypto	NOUN
aijes-7151	121	45	-	-	NOUN
aijes-7151	121	46	assets	asset	NOUN
aijes-7151	121	47	.	.	PUNCT
aijes-7151	122	1			X
aijes-7151	123	1	e	e	NOUN
aijes-7151	123	2	-	-	NOUN
aijes-7151	123	3	money	money	ADJ
aijes-7151	123	4	tokens	token	NOUN
aijes-7151	123	5	(	(	PUNCT
aijes-7151	123	6	emts	emts	PROPN
aijes-7151	123	7	):	):	PUNCT
aijes-7151	123	8	tokens	token	NOUN
aijes-7151	123	9	pegged	peg	VERB
aijes-7151	123	10	to	to	ADP
aijes-7151	123	11	a	a	DET
aijes-7151	123	12	single	single	ADJ
aijes-7151	123	13	fiat	fiat	NOUN
aijes-7151	123	14	currency	currency	NOUN
aijes-7151	123	15	,	,	PUNCT
aijes-7151	123	16	such	such	ADJ
aijes-7151	123	17	as	as	ADP
aijes-7151	123	18	the	the	DET
aijes-7151	123	19	euro	euro	NOUN
aijes-7151	123	20	or	or	CCONJ
aijes-7151	123	21	us	we	PRON
aijes-7151	123	22	dollar	dollar	NOUN
aijes-7151	123	23	,	,	PUNCT
aijes-7151	123	24	and	and	CCONJ
aijes-7151	123	25	functionally	functionally	ADV
aijes-7151	123	26	similar	similar	ADJ
aijes-7151	123	27	to	to	ADP
aijes-7151	123	28	electronic	electronic	ADJ
aijes-7151	123	29	money	money	NOUN
aijes-7151	123	30	.	.	PUNCT
aijes-7151	124	1	mica	mica	NOUN
aijes-7151	124	2	thereby	thereby	ADV
aijes-7151	124	3	covers	cover	VERB
aijes-7151	124	4	both	both	DET
aijes-7151	124	5	fiat	fiat	NOUN
aijes-7151	124	6	-	-	PUNCT
aijes-7151	124	7	pegged	peg	VERB
aijes-7151	124	8	stablecoins	stablecoin	NOUN
aijes-7151	124	9	and	and	CCONJ
aijes-7151	124	10	those	those	PRON
aijes-7151	124	11	linked	link	VERB
aijes-7151	124	12	to	to	ADP
aijes-7151	124	13	other	other	ADJ
aijes-7151	124	14	asset	asset	NOUN
aijes-7151	124	15	types	type	NOUN
aijes-7151	124	16	.	.	PUNCT
aijes-7151	125	1	the	the	DET
aijes-7151	125	2	regulation	regulation	NOUN
aijes-7151	125	3	sets	set	VERB
aijes-7151	125	4	specific	specific	ADJ
aijes-7151	125	5	compliance	compliance	NOUN
aijes-7151	125	6	requirements	requirement	NOUN
aijes-7151	125	7	for	for	ADP
aijes-7151	125	8	both	both	DET
aijes-7151	125	9	categories	category	NOUN
aijes-7151	125	10	,	,	PUNCT
aijes-7151	125	11	including	include	VERB
aijes-7151	125	12	reserve	reserve	NOUN
aijes-7151	125	13	backing	backing	NOUN
aijes-7151	125	14	,	,	PUNCT
aijes-7151	125	15	transparency	transparency	NOUN
aijes-7151	125	16	standards	standard	NOUN
aijes-7151	125	17	,	,	PUNCT
aijes-7151	125	18	and	and	CCONJ
aijes-7151	125	19	regulatory	regulatory	ADJ
aijes-7151	125	20	oversight	oversight	NOUN
aijes-7151	125	21	to	to	PART
aijes-7151	125	22	ensure	ensure	VERB
aijes-7151	125	23	price	price	NOUN
aijes-7151	125	24	stability	stability	NOUN
aijes-7151	125	25	and	and	CCONJ
aijes-7151	125	26	consumer	consumer	NOUN
aijes-7151	125	27	protection	protection	NOUN
aijes-7151	125	28	.	.	PUNCT
aijes-7151	126	1	issuers	issuer	NOUN
aijes-7151	126	2	must	must	AUX
aijes-7151	126	3	publish	publish	VERB
aijes-7151	126	4	a	a	DET
aijes-7151	126	5	white	white	ADJ
aijes-7151	126	6	paper	paper	NOUN
aijes-7151	126	7	and	and	CCONJ
aijes-7151	126	8	comply	comply	VERB
aijes-7151	126	9	with	with	ADP
aijes-7151	126	10	disclosure	disclosure	NOUN
aijes-7151	126	11	and	and	CCONJ
aijes-7151	126	12	governance	governance	NOUN
aijes-7151	126	13	obligations	obligation	NOUN
aijes-7151	126	14	,	,	PUNCT
aijes-7151	126	15	under	under	ADP
aijes-7151	126	16	the	the	DET
aijes-7151	126	17	supervision	supervision	NOUN
aijes-7151	126	18	of	of	ADP
aijes-7151	126	19	the	the	DET
aijes-7151	126	20	european	european	PROPN
aijes-7151	126	21	banking	banking	PROPN
aijes-7151	126	22	authority	authority	PROPN
aijes-7151	126	23	(	(	PUNCT
aijes-7151	126	24	eba	eba	NOUN
aijes-7151	126	25	)	)	PUNCT
aijes-7151	126	26	.	.	PUNCT
aijes-7151	127	1	according	accord	VERB
aijes-7151	127	2	to	to	ADP
aijes-7151	127	3	mica	mica	PROPN
aijes-7151	127	4	,	,	PUNCT
aijes-7151	127	5	white	white	ADJ
aijes-7151	127	6	papers	paper	NOUN
aijes-7151	127	7	for	for	ADP
aijes-7151	127	8	arts	art	NOUN
aijes-7151	127	9	and	and	CCONJ
aijes-7151	127	10	emts	emts	NOUN
aijes-7151	127	11	must	must	AUX
aijes-7151	127	12	contain	contain	VERB
aijes-7151	127	13	key	key	ADJ
aijes-7151	127	14	investor	investor	NOUN
aijes-7151	127	15	protection	protection	NOUN
aijes-7151	127	16	information	information	NOUN
aijes-7151	127	17	,	,	PUNCT
aijes-7151	127	18	including	include	VERB
aijes-7151	127	19	:	:	PUNCT
aijes-7151	127	20	1	1	X
aijes-7151	127	21	.	.	PUNCT
aijes-7151	127	22	details	detail	NOUN
aijes-7151	127	23	about	about	ADP
aijes-7151	127	24	the	the	DET
aijes-7151	127	25	issuer	issuer	NOUN
aijes-7151	127	26	;	;	PUNCT
aijes-7151	127	27	2	2	X
aijes-7151	127	28	.	.	X
aijes-7151	127	29	token	token	VERB
aijes-7151	127	30	characteristics	characteristic	NOUN
aijes-7151	127	31	–	–	PUNCT
aijes-7151	127	32	type	type	NOUN
aijes-7151	127	33	,	,	PUNCT
aijes-7151	127	34	technical	technical	ADJ
aijes-7151	127	35	description	description	NOUN
aijes-7151	127	36	,	,	PUNCT
aijes-7151	127	37	and	and	CCONJ
aijes-7151	127	38	total	total	ADJ
aijes-7151	127	39	supply	supply	NOUN
aijes-7151	127	40	;	;	PUNCT
aijes-7151	127	41	3	3	X
aijes-7151	127	42	.	.	X
aijes-7151	127	43	stability	stability	NOUN
aijes-7151	127	44	mechanisms	mechanism	NOUN
aijes-7151	127	45	and	and	CCONJ
aijes-7151	127	46	reserve	reserve	NOUN
aijes-7151	127	47	management	management	NOUN
aijes-7151	127	48	procedures	procedure	NOUN
aijes-7151	127	49	;	;	PUNCT
aijes-7151	127	50			NOUN
aijes-7151	127	51	for	for	ADP
aijes-7151	127	52	arts	art	NOUN
aijes-7151	127	53	:	:	PUNCT
aijes-7151	127	54	a	a	DET
aijes-7151	127	55	detailed	detailed	ADJ
aijes-7151	127	56	description	description	NOUN
aijes-7151	127	57	of	of	ADP
aijes-7151	127	58	the	the	DET
aijes-7151	127	59	underlying	underlie	VERB
aijes-7151	127	60	assets	asset	NOUN
aijes-7151	127	61	or	or	CCONJ
aijes-7151	127	62	asset	asset	NOUN
aijes-7151	127	63	baskets	basket	NOUN
aijes-7151	127	64	(	(	PUNCT
aijes-7151	127	65	e.g.	e.g.	ADV
aijes-7151	127	66	,	,	PUNCT
aijes-7151	127	67	currencies	currency	NOUN
aijes-7151	127	68	,	,	PUNCT
aijes-7151	127	69	commodities	commodity	NOUN
aijes-7151	127	70	)	)	PUNCT
aijes-7151	127	71	and	and	CCONJ
aijes-7151	127	72	the	the	DET
aijes-7151	127	73	methods	method	NOUN
aijes-7151	127	74	used	use	VERB
aijes-7151	127	75	to	to	PART
aijes-7151	127	76	maintain	maintain	VERB
aijes-7151	127	77	price	price	NOUN
aijes-7151	127	78	stability	stability	NOUN
aijes-7151	127	79	;	;	PUNCT
aijes-7151	127	80			NOUN
aijes-7151	127	81	for	for	ADP
aijes-7151	127	82	emts	emts	PROPN
aijes-7151	127	83	:	:	PUNCT
aijes-7151	127	84	clear	clear	ADJ
aijes-7151	127	85	identification	identification	NOUN
aijes-7151	127	86	of	of	ADP
aijes-7151	127	87	the	the	DET
aijes-7151	127	88	fiat	fiat	ADJ
aijes-7151	127	89	currency	currency	NOUN
aijes-7151	127	90	peg	peg	NOUN
aijes-7151	127	91	(	(	PUNCT
aijes-7151	127	92	e.g.	e.g.	ADV
aijes-7151	127	93	,	,	PUNCT
aijes-7151	127	94	the	the	DET
aijes-7151	127	95	euro	euro	NOUN
aijes-7151	127	96	)	)	PUNCT
aijes-7151	127	97	and	and	CCONJ
aijes-7151	127	98	an	an	DET
aijes-7151	127	99	assurance	assurance	NOUN
aijes-7151	127	100	of	of	ADP
aijes-7151	127	101	1:1	1:1	NUM
aijes-7151	127	102	convertibility	convertibility	NOUN
aijes-7151	127	103	;	;	PUNCT
aijes-7151	127	104	4	4	X
aijes-7151	127	105	.	.	X
aijes-7151	127	106	holder	holder	NOUN
aijes-7151	127	107	rights	right	NOUN
aijes-7151	127	108	and	and	CCONJ
aijes-7151	127	109	obligations	obligation	NOUN
aijes-7151	127	110	;	;	PUNCT
aijes-7151	127	111	5	5	X
aijes-7151	127	112	.	.	X
aijes-7151	127	113	risk	risk	NOUN
aijes-7151	127	114	disclosures	disclosure	NOUN
aijes-7151	127	115	;	;	PUNCT
aijes-7151	127	116	6	6	X
aijes-7151	127	117	.	.	X
aijes-7151	127	118	governance	governance	NOUN
aijes-7151	127	119	and	and	CCONJ
aijes-7151	127	120	compliance	compliance	NOUN
aijes-7151	127	121	policies	policy	NOUN
aijes-7151	127	122	–	–	PUNCT
aijes-7151	127	123	description	description	NOUN
aijes-7151	127	124	of	of	ADP
aijes-7151	127	125	the	the	DET
aijes-7151	127	126	issuer	issuer	NOUN
aijes-7151	127	127	's	's	PART
aijes-7151	127	128	internal	internal	ADJ
aijes-7151	127	129	policies	policy	NOUN
aijes-7151	127	130	on	on	ADP
aijes-7151	127	131	anti	anti	ADJ
aijes-7151	127	132	-	-	ADJ
aijes-7151	127	133	money	money	ADJ
aijes-7151	127	134	laundering	laundering	NOUN
aijes-7151	127	135	and	and	CCONJ
aijes-7151	127	136	counter	counter	NOUN
aijes-7151	127	137	-	-	NOUN
aijes-7151	127	138	terrorism	terrorism	ADJ
aijes-7151	127	139	financing	financing	NOUN
aijes-7151	127	140	;	;	PUNCT
aijes-7151	127	141	information	information	NOUN
aijes-7151	127	142	on	on	ADP
aijes-7151	127	143	compliance	compliance	NOUN
aijes-7151	127	144	with	with	ADP
aijes-7151	127	145	mica	mica	NOUN
aijes-7151	127	146	regulatory	regulatory	ADJ
aijes-7151	127	147	requirements	requirement	NOUN
aijes-7151	127	148	,	,	PUNCT
aijes-7151	127	149	including	include	VERB
aijes-7151	127	150	permissions	permission	NOUN
aijes-7151	127	151	obtained	obtain	VERB
aijes-7151	127	152	from	from	ADP
aijes-7151	127	153	the	the	DET
aijes-7151	127	154	competent	competent	ADJ
aijes-7151	127	155	authority	authority	NOUN
aijes-7151	127	156	.	.	PUNCT
aijes-7151	128	1	notably	notably	ADV
aijes-7151	128	2	,	,	PUNCT
aijes-7151	128	3	mica	mica	NOUN
aijes-7151	128	4	prohibits	prohibit	VERB
aijes-7151	128	5	algorithmic	algorithmic	ADJ
aijes-7151	128	6	stabilization	stabilization	NOUN
aijes-7151	128	7	for	for	ADP
aijes-7151	128	8	both	both	DET
aijes-7151	128	9	arts	art	NOUN
aijes-7151	128	10	and	and	CCONJ
aijes-7151	128	11	emts	emts	NOUN
aijes-7151	128	12	.	.	PUNCT
aijes-7151	129	1	the	the	DET
aijes-7151	129	2	stability	stability	NOUN
aijes-7151	129	3	of	of	ADP
aijes-7151	129	4	these	these	DET
aijes-7151	129	5	tokens	token	NOUN
aijes-7151	129	6	must	must	AUX
aijes-7151	129	7	be	be	AUX
aijes-7151	129	8	supported	support	VERB
aijes-7151	129	9	by	by	ADP
aijes-7151	129	10	real	real	ADJ
aijes-7151	129	11	,	,	PUNCT
aijes-7151	129	12	liquid	liquid	ADJ
aijes-7151	129	13	reserves	reserve	NOUN
aijes-7151	129	14	,	,	PUNCT
aijes-7151	129	15	such	such	ADJ
aijes-7151	129	16	as	as	ADP
aijes-7151	129	17	fiat	fiat	ADJ
aijes-7151	129	18	currencies	currency	NOUN
aijes-7151	129	19	or	or	CCONJ
aijes-7151	129	20	other	other	ADJ
aijes-7151	129	21	high	high	ADJ
aijes-7151	129	22	-	-	PUNCT
aijes-7151	129	23	quality	quality	NOUN
aijes-7151	129	24	liquid	liquid	ADJ
aijes-7151	129	25	assets	asset	NOUN
aijes-7151	129	26	.	.	PUNCT
aijes-7151	130	1	julija	julija	NOUN
aijes-7151	130	2	lapuh	lapuh	X
aijes-7151	130	3	bele	bele	PROPN
aijes-7151	130	4	,	,	PUNCT
aijes-7151	130	5	tanja	tanja	PROPN
aijes-7151	130	6	bele	bele	PROPN
aijes-7151	130	7	183	183	NUM
aijes-7151	130	8	the	the	DET
aijes-7151	130	9	united	united	PROPN
aijes-7151	130	10	states	states	PROPN
aijes-7151	130	11	:	:	PUNCT
aijes-7151	130	12	a	a	DET
aijes-7151	130	13	fragmented	fragmented	ADJ
aijes-7151	130	14	regulatory	regulatory	ADJ
aijes-7151	130	15	environment	environment	NOUN
aijes-7151	130	16	in	in	ADP
aijes-7151	130	17	the	the	DET
aijes-7151	130	18	united	united	PROPN
aijes-7151	130	19	states	states	PROPN
aijes-7151	130	20	,	,	PUNCT
aijes-7151	130	21	the	the	DET
aijes-7151	130	22	regulatory	regulatory	ADJ
aijes-7151	130	23	landscape	landscape	NOUN
aijes-7151	130	24	for	for	ADP
aijes-7151	130	25	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	130	26	is	be	AUX
aijes-7151	130	27	highly	highly	ADV
aijes-7151	130	28	fragmented	fragmented	ADJ
aijes-7151	130	29	,	,	PUNCT
aijes-7151	130	30	with	with	ADP
aijes-7151	130	31	different	different	ADJ
aijes-7151	130	32	agencies	agency	NOUN
aijes-7151	130	33	overseeing	oversee	VERB
aijes-7151	130	34	distinct	distinct	ADJ
aijes-7151	130	35	aspects	aspect	NOUN
aijes-7151	130	36	of	of	ADP
aijes-7151	130	37	the	the	DET
aijes-7151	130	38	crypto	crypto	ADJ
aijes-7151	130	39	-	-	ADJ
aijes-7151	130	40	asset	asset	NOUN
aijes-7151	130	41	market	market	NOUN
aijes-7151	130	42	.	.	PUNCT
aijes-7151	131	1	the	the	DET
aijes-7151	131	2	securities	securities	PROPN
aijes-7151	131	3	and	and	CCONJ
aijes-7151	131	4	exchange	exchange	PROPN
aijes-7151	131	5	commission	commission	PROPN
aijes-7151	131	6	(	(	PUNCT
aijes-7151	131	7	sec	sec	PROPN
aijes-7151	131	8	)	)	PUNCT
aijes-7151	131	9	is	be	AUX
aijes-7151	131	10	currently	currently	ADV
aijes-7151	131	11	the	the	DET
aijes-7151	131	12	primary	primary	ADJ
aijes-7151	131	13	authority	authority	NOUN
aijes-7151	131	14	responsible	responsible	ADJ
aijes-7151	131	15	for	for	ADP
aijes-7151	131	16	overseeing	oversee	VERB
aijes-7151	131	17	crypto	crypto	NOUN
aijes-7151	131	18	-	-	NOUN
aijes-7151	131	19	assets	asset	NOUN
aijes-7151	131	20	,	,	PUNCT
aijes-7151	131	21	asserting	assert	VERB
aijes-7151	131	22	that	that	SCONJ
aijes-7151	131	23	many	many	ADJ
aijes-7151	131	24	digital	digital	ADJ
aijes-7151	131	25	coins	coin	NOUN
aijes-7151	131	26	and	and	CCONJ
aijes-7151	131	27	tokens	token	NOUN
aijes-7151	131	28	meet	meet	VERB
aijes-7151	131	29	the	the	DET
aijes-7151	131	30	legal	legal	ADJ
aijes-7151	131	31	definition	definition	NOUN
aijes-7151	131	32	of	of	ADP
aijes-7151	131	33	securities	security	NOUN
aijes-7151	131	34	under	under	ADP
aijes-7151	131	35	the	the	DET
aijes-7151	131	36	securities	security	NOUN
aijes-7151	131	37	act	act	PROPN
aijes-7151	131	38	.	.	PUNCT
aijes-7151	132	1	we	we	PRON
aijes-7151	132	2	asked	ask	VERB
aijes-7151	132	3	chatgpt-4o	chatgpt-4o	ADV
aijes-7151	132	4	how	how	SCONJ
aijes-7151	132	5	the	the	DET
aijes-7151	132	6	u.s	u.s	PROPN
aijes-7151	132	7	.	.	PROPN
aijes-7151	132	8	currently	currently	ADV
aijes-7151	132	9	regulates	regulate	VERB
aijes-7151	132	10	stablecoins	stablecoin	NOUN
aijes-7151	132	11	and	and	CCONJ
aijes-7151	132	12	which	which	DET
aijes-7151	132	13	agencies	agency	NOUN
aijes-7151	132	14	are	be	AUX
aijes-7151	132	15	involved	involve	VERB
aijes-7151	132	16	.	.	PUNCT
aijes-7151	133	1	the	the	DET
aijes-7151	133	2	model	model	NOUN
aijes-7151	133	3	responded	respond	VERB
aijes-7151	133	4	:	:	PUNCT
aijes-7151	133	5	the	the	DET
aijes-7151	133	6	sec	sec	PROPN
aijes-7151	133	7	is	be	AUX
aijes-7151	133	8	actively	actively	ADV
aijes-7151	133	9	evaluating	evaluate	VERB
aijes-7151	133	10	whether	whether	SCONJ
aijes-7151	133	11	stablecoins	stablecoin	NOUN
aijes-7151	133	12	qualify	qualify	VERB
aijes-7151	133	13	as	as	ADP
aijes-7151	133	14	securities	security	NOUN
aijes-7151	133	15	.	.	PUNCT
aijes-7151	134	1	if	if	SCONJ
aijes-7151	134	2	they	they	PRON
aijes-7151	134	3	do	do	VERB
aijes-7151	134	4	,	,	PUNCT
aijes-7151	134	5	the	the	DET
aijes-7151	134	6	issuers	issuer	NOUN
aijes-7151	134	7	must	must	AUX
aijes-7151	134	8	comply	comply	VERB
aijes-7151	134	9	with	with	ADP
aijes-7151	134	10	the	the	DET
aijes-7151	134	11	full	full	ADJ
aijes-7151	134	12	scope	scope	NOUN
aijes-7151	134	13	of	of	ADP
aijes-7151	134	14	u.s	u.s	PROPN
aijes-7151	134	15	.	.	PROPN
aijes-7151	134	16	securities	security	NOUN
aijes-7151	134	17	laws	law	NOUN
aijes-7151	134	18	.	.	PUNCT
aijes-7151	135	1	the	the	DET
aijes-7151	135	2	commodity	commodity	NOUN
aijes-7151	135	3	futures	futures	PROPN
aijes-7151	135	4	trading	trading	PROPN
aijes-7151	135	5	commission	commission	PROPN
aijes-7151	135	6	(	(	PUNCT
aijes-7151	135	7	cftc	cftc	PROPN
aijes-7151	135	8	)	)	PUNCT
aijes-7151	135	9	classifies	classify	VERB
aijes-7151	135	10	certain	certain	ADJ
aijes-7151	135	11	crypto	crypto	NOUN
aijes-7151	135	12	-	-	NOUN
aijes-7151	135	13	assets	asset	NOUN
aijes-7151	135	14	as	as	ADP
aijes-7151	135	15	commodities	commodity	NOUN
aijes-7151	135	16	or	or	CCONJ
aijes-7151	135	17	derivatives	derivative	NOUN
aijes-7151	135	18	,	,	PUNCT
aijes-7151	135	19	and	and	CCONJ
aijes-7151	135	20	enforces	enforce	VERB
aijes-7151	135	21	regulatory	regulatory	ADJ
aijes-7151	135	22	actions	action	NOUN
aijes-7151	135	23	where	where	SCONJ
aijes-7151	135	24	applicable	applicable	ADJ
aijes-7151	135	25	.	.	PUNCT
aijes-7151	136	1	indeed	indeed	ADV
aijes-7151	136	2	,	,	PUNCT
aijes-7151	136	3	the	the	DET
aijes-7151	136	4	cftc	cftc	PROPN
aijes-7151	136	5	has	have	AUX
aijes-7151	136	6	already	already	ADV
aijes-7151	136	7	taken	take	VERB
aijes-7151	136	8	enforcement	enforcement	NOUN
aijes-7151	136	9	actions	action	NOUN
aijes-7151	136	10	against	against	ADP
aijes-7151	136	11	stablecoin	stablecoin	NOUN
aijes-7151	136	12	issuers	issuer	NOUN
aijes-7151	136	13	.	.	PUNCT
aijes-7151	137	1	in	in	ADP
aijes-7151	137	2	october	october	PROPN
aijes-7151	137	3	2021	2021	NUM
aijes-7151	137	4	,	,	PUNCT
aijes-7151	137	5	it	it	PRON
aijes-7151	137	6	fined	fine	VERB
aijes-7151	137	7	tether	tether	PROPN
aijes-7151	137	8	holdings	holdings	PROPN
aijes-7151	137	9	ltd	ltd	PROPN
aijes-7151	137	10	.	.	PROPN
aijes-7151	138	1	$	$	SYM
aijes-7151	138	2	41	41	NUM
aijes-7151	138	3	million	million	NUM
aijes-7151	138	4	for	for	ADP
aijes-7151	138	5	misrepresenting	misrepresent	VERB
aijes-7151	138	6	that	that	SCONJ
aijes-7151	138	7	its	its	PRON
aijes-7151	138	8	stablecoin	stablecoin	ADJ
aijes-7151	138	9	usdt	usdt	NOUN
aijes-7151	138	10	was	be	AUX
aijes-7151	138	11	fully	fully	ADV
aijes-7151	138	12	backed	back	VERB
aijes-7151	138	13	by	by	ADP
aijes-7151	138	14	u.s	u.s	PROPN
aijes-7151	138	15	.	.	PROPN
aijes-7151	138	16	dollar	dollar	NOUN
aijes-7151	138	17	reserves	reserve	NOUN
aijes-7151	138	18	(	(	PUNCT
aijes-7151	138	19	cftc	cftc	PROPN
aijes-7151	138	20	,	,	PUNCT
aijes-7151	138	21	2021	2021	NUM
aijes-7151	138	22	)	)	PUNCT
aijes-7151	138	23	.	.	PUNCT
aijes-7151	139	1	stablecoin	stablecoin	ADJ
aijes-7151	139	2	regulation	regulation	NOUN
aijes-7151	139	3	in	in	ADP
aijes-7151	139	4	the	the	DET
aijes-7151	139	5	u.s	u.s	PROPN
aijes-7151	139	6	.	.	PROPN
aijes-7151	139	7	is	be	AUX
aijes-7151	139	8	still	still	ADV
aijes-7151	139	9	under	under	ADP
aijes-7151	139	10	active	active	ADJ
aijes-7151	139	11	development	development	NOUN
aijes-7151	139	12	,	,	PUNCT
aijes-7151	139	13	with	with	ADP
aijes-7151	139	14	multiple	multiple	ADJ
aijes-7151	139	15	legislative	legislative	ADJ
aijes-7151	139	16	initiatives	initiative	NOUN
aijes-7151	139	17	and	and	CCONJ
aijes-7151	139	18	regulatory	regulatory	ADJ
aijes-7151	139	19	bodies	body	NOUN
aijes-7151	139	20	seeking	seek	VERB
aijes-7151	139	21	to	to	PART
aijes-7151	139	22	address	address	VERB
aijes-7151	139	23	the	the	DET
aijes-7151	139	24	complex	complex	ADJ
aijes-7151	139	25	challenges	challenge	NOUN
aijes-7151	139	26	posed	pose	VERB
aijes-7151	139	27	by	by	ADP
aijes-7151	139	28	these	these	DET
aijes-7151	139	29	instruments	instrument	NOUN
aijes-7151	139	30	.	.	PUNCT
aijes-7151	140	1	as	as	ADP
aijes-7151	140	2	of	of	ADP
aijes-7151	140	3	now	now	ADV
aijes-7151	140	4	,	,	PUNCT
aijes-7151	140	5	no	no	DET
aijes-7151	140	6	unified	unified	ADJ
aijes-7151	140	7	federal	federal	ADJ
aijes-7151	140	8	statute	statute	NOUN
aijes-7151	140	9	exists	exist	VERB
aijes-7151	140	10	that	that	SCONJ
aijes-7151	140	11	comprehensively	comprehensively	ADV
aijes-7151	140	12	governs	govern	VERB
aijes-7151	140	13	stablecoins	stablecoin	NOUN
aijes-7151	140	14	,	,	PUNCT
aijes-7151	140	15	although	although	SCONJ
aijes-7151	140	16	legislative	legislative	ADJ
aijes-7151	140	17	efforts	effort	NOUN
aijes-7151	140	18	are	be	AUX
aijes-7151	140	19	underway	underway	ADJ
aijes-7151	140	20	.	.	PUNCT
aijes-7151	141	1	one	one	NUM
aijes-7151	141	2	key	key	ADJ
aijes-7151	141	3	proposal	proposal	NOUN
aijes-7151	141	4	is	be	AUX
aijes-7151	141	5	the	the	DET
aijes-7151	141	6	clarity	clarity	NOUN
aijes-7151	141	7	for	for	ADP
aijes-7151	141	8	payment	payment	NOUN
aijes-7151	141	9	stablecoins	stablecoin	NOUN
aijes-7151	141	10	act	act	PROPN
aijes-7151	141	11	,	,	PUNCT
aijes-7151	141	12	which	which	PRON
aijes-7151	141	13	aims	aim	VERB
aijes-7151	141	14	to	to	PART
aijes-7151	141	15	provide	provide	VERB
aijes-7151	141	16	clear	clear	ADJ
aijes-7151	141	17	regulatory	regulatory	ADJ
aijes-7151	141	18	guidelines	guideline	NOUN
aijes-7151	141	19	for	for	ADP
aijes-7151	141	20	stablecoin	stablecoin	ADJ
aijes-7151	141	21	issuers	issuer	NOUN
aijes-7151	141	22	(	(	PUNCT
aijes-7151	141	23	congress.gov	congress.gov	X
aijes-7151	141	24	,	,	PUNCT
aijes-7151	141	25	2023	2023	NUM
aijes-7151	141	26	)	)	PUNCT
aijes-7151	141	27	.	.	PUNCT
aijes-7151	142	1	according	accord	VERB
aijes-7151	142	2	to	to	ADP
aijes-7151	142	3	analysts	analyst	NOUN
aijes-7151	142	4	,	,	PUNCT
aijes-7151	142	5	if	if	SCONJ
aijes-7151	142	6	enacted	enact	VERB
aijes-7151	142	7	,	,	PUNCT
aijes-7151	142	8	the	the	DET
aijes-7151	142	9	bill	bill	NOUN
aijes-7151	142	10	could	could	AUX
aijes-7151	142	11	curb	curb	VERB
aijes-7151	142	12	the	the	DET
aijes-7151	142	13	market	market	NOUN
aijes-7151	142	14	dominance	dominance	NOUN
aijes-7151	142	15	of	of	ADP
aijes-7151	142	16	non	non	ADJ
aijes-7151	142	17	-	-	ADJ
aijes-7151	142	18	compliant	compliant	ADJ
aijes-7151	142	19	stablecoins	stablecoin	NOUN
aijes-7151	142	20	(	(	PUNCT
aijes-7151	142	21	wynn	wynn	PROPN
aijes-7151	142	22	,	,	PUNCT
aijes-7151	142	23	2024	2024	NUM
aijes-7151	142	24	)	)	PUNCT
aijes-7151	142	25	.	.	PUNCT
aijes-7151	143	1	stablecoins	stablecoin	NOUN
aijes-7151	143	2	and	and	CCONJ
aijes-7151	143	3	criminal	criminal	ADJ
aijes-7151	143	4	activity	activity	NOUN
aijes-7151	143	5	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	143	6	have	have	AUX
aijes-7151	143	7	become	become	VERB
aijes-7151	143	8	both	both	PRON
aijes-7151	143	9	a	a	DET
aijes-7151	143	10	target	target	NOUN
aijes-7151	143	11	and	and	CCONJ
aijes-7151	143	12	a	a	DET
aijes-7151	143	13	medium	medium	NOUN
aijes-7151	143	14	of	of	ADP
aijes-7151	143	15	exchange	exchange	NOUN
aijes-7151	143	16	in	in	ADP
aijes-7151	143	17	various	various	ADJ
aijes-7151	143	18	forms	form	NOUN
aijes-7151	143	19	of	of	ADP
aijes-7151	143	20	cybercrime	cybercrime	NOUN
aijes-7151	143	21	as	as	ADV
aijes-7151	143	22	well	well	ADV
aijes-7151	143	23	as	as	ADP
aijes-7151	143	24	broader	broad	ADJ
aijes-7151	143	25	criminal	criminal	ADJ
aijes-7151	143	26	activity	activity	NOUN
aijes-7151	143	27	,	,	PUNCT
aijes-7151	143	28	including	include	VERB
aijes-7151	143	29	terrorist	terrorist	ADJ
aijes-7151	143	30	financing	financing	NOUN
aijes-7151	143	31	,	,	PUNCT
aijes-7151	143	32	sanction	sanction	NOUN
aijes-7151	143	33	evasion	evasion	NOUN
aijes-7151	143	34	,	,	PUNCT
aijes-7151	143	35	illicit	illicit	ADJ
aijes-7151	143	36	trade	trade	NOUN
aijes-7151	143	37	,	,	PUNCT
aijes-7151	143	38	and	and	CCONJ
aijes-7151	143	39	money	money	NOUN
aijes-7151	143	40	laundering	laundering	NOUN
aijes-7151	143	41	(	(	PUNCT
aijes-7151	143	42	chainalysis	chainalysis	NOUN
aijes-7151	143	43	,	,	PUNCT
aijes-7151	143	44	2025	2025	NUM
aijes-7151	143	45	)	)	PUNCT
aijes-7151	143	46	.	.	PUNCT
aijes-7151	144	1	in	in	ADP
aijes-7151	144	2	2023	2023	NUM
aijes-7151	144	3	,	,	PUNCT
aijes-7151	144	4	a	a	DET
aijes-7151	144	5	marked	mark	VERB
aijes-7151	144	6	increase	increase	NOUN
aijes-7151	144	7	was	be	AUX
aijes-7151	144	8	observed	observe	VERB
aijes-7151	144	9	in	in	ADP
aijes-7151	144	10	the	the	DET
aijes-7151	144	11	use	use	NOUN
aijes-7151	144	12	of	of	ADP
aijes-7151	144	13	cryptocurrency	cryptocurrency	NOUN
aijes-7151	144	14	swapping	swapping	NOUN
aijes-7151	144	15	services	service	NOUN
aijes-7151	144	16	,	,	PUNCT
aijes-7151	144	17	which	which	PRON
aijes-7151	144	18	enable	enable	VERB
aijes-7151	144	19	the	the	DET
aijes-7151	144	20	conversion	conversion	NOUN
aijes-7151	144	21	of	of	ADP
aijes-7151	144	22	one	one	NUM
aijes-7151	144	23	digital	digital	ADJ
aijes-7151	144	24	asset	asset	NOUN
aijes-7151	144	25	into	into	ADP
aijes-7151	144	26	another	another	PRON
aijes-7151	144	27	.	.	PUNCT
aijes-7151	145	1	these	these	DET
aijes-7151	145	2	services	service	NOUN
aijes-7151	145	3	are	be	AUX
aijes-7151	145	4	often	often	ADV
aijes-7151	145	5	exploited	exploit	VERB
aijes-7151	145	6	by	by	ADP
aijes-7151	145	7	criminal	criminal	ADJ
aijes-7151	145	8	actors	actor	NOUN
aijes-7151	145	9	to	to	PART
aijes-7151	145	10	obscure	obscure	VERB
aijes-7151	145	11	transaction	transaction	NOUN
aijes-7151	145	12	trails	trail	NOUN
aijes-7151	145	13	and	and	CCONJ
aijes-7151	145	14	preserve	preserve	VERB
aijes-7151	145	15	the	the	DET
aijes-7151	145	16	value	value	NOUN
aijes-7151	145	17	of	of	ADP
aijes-7151	145	18	illicitly	illicitly	ADV
aijes-7151	145	19	acquired	acquire	VERB
aijes-7151	145	20	funds	fund	NOUN
aijes-7151	145	21	.	.	PUNCT
aijes-7151	146	1	swaps	swap	NOUN
aijes-7151	146	2	are	be	AUX
aijes-7151	146	3	generally	generally	ADV
aijes-7151	146	4	executed	execute	VERB
aijes-7151	146	5	for	for	ADP
aijes-7151	146	6	two	two	NUM
aijes-7151	146	7	primary	primary	ADJ
aijes-7151	146	8	reasons	reason	NOUN
aijes-7151	146	9	:	:	PUNCT
aijes-7151	146	10	anonymity	anonymity	NOUN
aijes-7151	146	11	and	and	CCONJ
aijes-7151	146	12	stability	stability	NOUN
aijes-7151	146	13	.	.	PUNCT
aijes-7151	147	1	for	for	ADP
aijes-7151	147	2	anonymity	anonymity	NOUN
aijes-7151	147	3	,	,	PUNCT
aijes-7151	147	4	widely	widely	ADV
aijes-7151	147	5	used	use	VERB
aijes-7151	147	6	cryptocurrencies	cryptocurrencie	NOUN
aijes-7151	147	7	such	such	ADJ
aijes-7151	147	8	as	as	ADP
aijes-7151	147	9	bitcoin	bitcoin	NOUN
aijes-7151	147	10	are	be	AUX
aijes-7151	147	11	exchanged	exchange	VERB
aijes-7151	147	12	for	for	ADP
aijes-7151	147	13	privacy	privacy	NOUN
aijes-7151	147	14	coins	coin	NOUN
aijes-7151	147	15	,	,	PUNCT
aijes-7151	147	16	such	such	ADJ
aijes-7151	147	17	as	as	ADP
aijes-7151	147	18	monero	monero	NOUN
aijes-7151	147	19	,	,	PUNCT
aijes-7151	147	20	which	which	PRON
aijes-7151	147	21	offer	offer	VERB
aijes-7151	147	22	advanced	advanced	ADJ
aijes-7151	147	23	obfuscation	obfuscation	NOUN
aijes-7151	147	24	techniques	technique	NOUN
aijes-7151	147	25	.	.	PUNCT
aijes-7151	148	1	for	for	ADP
aijes-7151	148	2	price	price	NOUN
aijes-7151	148	3	stability	stability	NOUN
aijes-7151	148	4	,	,	PUNCT
aijes-7151	148	5	criminals	criminal	NOUN
aijes-7151	148	6	increasingly	increasingly	ADV
aijes-7151	148	7	convert	convert	VERB
aijes-7151	148	8	their	their	PRON
aijes-7151	148	9	holdings	holding	NOUN
aijes-7151	148	10	into	into	ADP
aijes-7151	148	11	stablecoins	stablecoin	NOUN
aijes-7151	148	12	,	,	PUNCT
aijes-7151	148	13	such	such	ADJ
aijes-7151	148	14	as	as	ADP
aijes-7151	148	15	usdt	usdt	NOUN
aijes-7151	148	16	(	(	PUNCT
aijes-7151	148	17	tether	tether	NOUN
aijes-7151	148	18	)	)	PUNCT
aijes-7151	148	19	(	(	PUNCT
aijes-7151	148	20	europol	europol	NOUN
aijes-7151	148	21	,	,	PUNCT
aijes-7151	148	22	2024	2024	NUM
aijes-7151	148	23	)	)	PUNCT
aijes-7151	148	24	.	.	PUNCT
aijes-7151	149	1	while	while	SCONJ
aijes-7151	149	2	the	the	DET
aijes-7151	149	3	regulated	regulated	ADJ
aijes-7151	149	4	financial	financial	ADJ
aijes-7151	149	5	system	system	NOUN
aijes-7151	149	6	has	have	AUX
aijes-7151	149	7	significantly	significantly	ADV
aijes-7151	149	8	reduced	reduce	VERB
aijes-7151	149	9	the	the	DET
aijes-7151	149	10	incidence	incidence	NOUN
aijes-7151	149	11	of	of	ADP
aijes-7151	149	12	money	money	NOUN
aijes-7151	149	13	laundering	launder	VERB
aijes-7151	149	14	through	through	ADP
aijes-7151	149	15	stringent	stringent	ADJ
aijes-7151	149	16	laws	law	NOUN
aijes-7151	149	17	and	and	CCONJ
aijes-7151	149	18	robust	robust	ADJ
aijes-7151	149	19	enforcement	enforcement	NOUN
aijes-7151	149	20	,	,	PUNCT
aijes-7151	149	21	this	this	DET
aijes-7151	149	22	success	success	NOUN
aijes-7151	149	23	has	have	AUX
aijes-7151	149	24	prompted	prompt	VERB
aijes-7151	149	25	criminal	criminal	ADJ
aijes-7151	149	26	networks	network	NOUN
aijes-7151	149	27	to	to	PART
aijes-7151	149	28	seek	seek	VERB
aijes-7151	149	29	alternative	alternative	ADJ
aijes-7151	149	30	financial	financial	ADJ
aijes-7151	149	31	channels	channel	NOUN
aijes-7151	149	32	.	.	PUNCT
aijes-7151	150	1	stablecoins	stablecoin	NOUN
aijes-7151	150	2	are	be	AUX
aijes-7151	150	3	emerging	emerge	VERB
aijes-7151	150	4	as	as	ADP
aijes-7151	150	5	a	a	DET
aijes-7151	150	6	preferred	preferred	ADJ
aijes-7151	150	7	vehicle	vehicle	NOUN
aijes-7151	150	8	for	for	ADP
aijes-7151	150	9	laundering	launder	VERB
aijes-7151	150	10	illicit	illicit	ADJ
aijes-7151	150	11	proceeds	proceed	NOUN
aijes-7151	150	12	.	.	PUNCT
aijes-7151	151	1	according	accord	VERB
aijes-7151	151	2	to	to	ADP
aijes-7151	151	3	recent	recent	ADJ
aijes-7151	151	4	data	datum	NOUN
aijes-7151	151	5	,	,	PUNCT
aijes-7151	151	6	63	63	NUM
aijes-7151	151	7	%	%	NOUN
aijes-7151	151	8	of	of	ADP
aijes-7151	151	9	all	all	DET
aijes-7151	151	10	cryptocurrency	cryptocurrency	NOUN
aijes-7151	151	11	transactions	transaction	NOUN
aijes-7151	151	12	linked	link	VERB
aijes-7151	151	13	to	to	ADP
aijes-7151	151	14	criminal	criminal	ADJ
aijes-7151	151	15	activity	activity	NOUN
aijes-7151	151	16	involved	involve	VERB
aijes-7151	151	17	stablecoins	stablecoin	NOUN
aijes-7151	151	18	,	,	PUNCT
aijes-7151	151	19	making	make	VERB
aijes-7151	151	20	them	they	PRON
aijes-7151	151	21	the	the	DET
aijes-7151	151	22	dominant	dominant	ADJ
aijes-7151	151	23	instrument	instrument	NOUN
aijes-7151	151	24	for	for	ADP
aijes-7151	151	25	illicit	illicit	ADJ
aijes-7151	151	26	finance	finance	NOUN
aijes-7151	151	27	within	within	ADP
aijes-7151	151	28	the	the	DET
aijes-7151	151	29	crypto	crypto	X
aijes-7151	151	30	ecosystem	ecosystem	NOUN
aijes-7151	151	31	(	(	PUNCT
aijes-7151	151	32	chainalysis	chainalysis	NOUN
aijes-7151	151	33	,	,	PUNCT
aijes-7151	151	34	2025	2025	NUM
aijes-7151	151	35	)	)	PUNCT
aijes-7151	151	36	.	.	PUNCT
aijes-7151	152	1	the	the	DET
aijes-7151	152	2	impact	impact	NOUN
aijes-7151	152	3	of	of	ADP
aijes-7151	152	4	stablecoins	stablecoin	NOUN
aijes-7151	152	5	on	on	ADP
aijes-7151	152	6	global	global	ADJ
aijes-7151	152	7	finance	finance	NOUN
aijes-7151	152	8	184	184	NUM
aijes-7151	152	9	research	research	NOUN
aijes-7151	152	10	questions	question	NOUN
aijes-7151	152	11	given	give	VERB
aijes-7151	152	12	the	the	DET
aijes-7151	152	13	substantial	substantial	ADJ
aijes-7151	152	14	market	market	NOUN
aijes-7151	152	15	share	share	NOUN
aijes-7151	152	16	and	and	CCONJ
aijes-7151	152	17	dynamic	dynamic	ADJ
aijes-7151	152	18	growth	growth	NOUN
aijes-7151	152	19	of	of	ADP
aijes-7151	152	20	stablecoins	stablecoin	NOUN
aijes-7151	152	21	(	(	PUNCT
aijes-7151	152	22	chainalysis	chainalysis	NOUN
aijes-7151	152	23	,	,	PUNCT
aijes-7151	152	24	2024	2024	NUM
aijes-7151	152	25	)	)	PUNCT
aijes-7151	152	26	,	,	PUNCT
aijes-7151	152	27	this	this	DET
aijes-7151	152	28	study	study	NOUN
aijes-7151	152	29	aims	aim	VERB
aijes-7151	152	30	to	to	PART
aijes-7151	152	31	explore	explore	VERB
aijes-7151	152	32	several	several	ADJ
aijes-7151	152	33	key	key	ADJ
aijes-7151	152	34	aspects	aspect	NOUN
aijes-7151	152	35	of	of	ADP
aijes-7151	152	36	their	their	PRON
aijes-7151	152	37	development	development	NOUN
aijes-7151	152	38	and	and	CCONJ
aijes-7151	152	39	usage	usage	NOUN
aijes-7151	152	40	.	.	PUNCT
aijes-7151	153	1	we	we	PRON
aijes-7151	153	2	therefore	therefore	ADV
aijes-7151	153	3	formulate	formulate	VERB
aijes-7151	153	4	the	the	DET
aijes-7151	153	5	following	follow	VERB
aijes-7151	153	6	research	research	NOUN
aijes-7151	153	7	questions	question	NOUN
aijes-7151	153	8	:	:	PUNCT
aijes-7151	153	9	1	1	X
aijes-7151	153	10	.	.	NOUN
aijes-7151	153	11	which	which	DET
aijes-7151	153	12	stablecoins	stablecoin	NOUN
aijes-7151	153	13	have	have	VERB
aijes-7151	153	14	the	the	DET
aijes-7151	153	15	highest	high	ADJ
aijes-7151	153	16	market	market	NOUN
aijes-7151	153	17	capitalization	capitalization	NOUN
aijes-7151	153	18	,	,	PUNCT
aijes-7151	153	19	and	and	CCONJ
aijes-7151	153	20	what	what	DET
aijes-7151	153	21	share	share	NOUN
aijes-7151	153	22	of	of	ADP
aijes-7151	153	23	the	the	DET
aijes-7151	153	24	total	total	ADJ
aijes-7151	153	25	stablecoin	stablecoin	NOUN
aijes-7151	153	26	market	market	NOUN
aijes-7151	153	27	do	do	AUX
aijes-7151	153	28	they	they	PRON
aijes-7151	153	29	represent	represent	VERB
aijes-7151	153	30	?	?	PUNCT
aijes-7151	154	1	2	2	X
aijes-7151	154	2	.	.	X
aijes-7151	154	3	to	to	ADP
aijes-7151	154	4	what	what	DET
aijes-7151	154	5	extent	extent	NOUN
aijes-7151	154	6	are	be	AUX
aijes-7151	154	7	the	the	DET
aijes-7151	154	8	most	most	ADV
aijes-7151	154	9	capitalized	capitalize	VERB
aijes-7151	154	10	stablecoins	stablecoin	NOUN
aijes-7151	154	11	compliant	compliant	ADJ
aijes-7151	154	12	with	with	ADP
aijes-7151	154	13	relevant	relevant	ADJ
aijes-7151	154	14	regulatory	regulatory	ADJ
aijes-7151	154	15	frameworks	framework	NOUN
aijes-7151	154	16	?	?	PUNCT
aijes-7151	155	1	3	3	X
aijes-7151	155	2	.	.	X
aijes-7151	155	3	what	what	PRON
aijes-7151	155	4	are	be	AUX
aijes-7151	155	5	the	the	DET
aijes-7151	155	6	main	main	ADJ
aijes-7151	155	7	motivations	motivation	NOUN
aijes-7151	155	8	for	for	SCONJ
aijes-7151	155	9	consumers	consumer	NOUN
aijes-7151	155	10	to	to	PART
aijes-7151	155	11	purchase	purchase	VERB
aijes-7151	155	12	a	a	DET
aijes-7151	155	13	usd	usd	NOUN
aijes-7151	155	14	-	-	PUNCT
aijes-7151	155	15	pegged	peg	VERB
aijes-7151	155	16	stablecoin	stablecoin	NOUN
aijes-7151	155	17	instead	instead	ADV
aijes-7151	155	18	of	of	ADP
aijes-7151	155	19	holding	hold	VERB
aijes-7151	155	20	actual	actual	ADJ
aijes-7151	155	21	usd	usd	NOUN
aijes-7151	155	22	?	?	PUNCT
aijes-7151	156	1	4	4	NUM
aijes-7151	156	2	.	.	NOUN
aijes-7151	156	3	which	which	PRON
aijes-7151	156	4	factors	factor	VERB
aijes-7151	156	5	most	most	ADV
aijes-7151	156	6	significantly	significantly	ADV
aijes-7151	156	7	contribute	contribute	VERB
aijes-7151	156	8	to	to	ADP
aijes-7151	156	9	the	the	DET
aijes-7151	156	10	volatility	volatility	NOUN
aijes-7151	156	11	of	of	ADP
aijes-7151	156	12	stablecoins	stablecoin	NOUN
aijes-7151	156	13	?	?	PUNCT
aijes-7151	157	1	5	5	NUM
aijes-7151	157	2	.	.	PUNCT
aijes-7151	157	3	does	do	VERB
aijes-7151	157	4	the	the	DET
aijes-7151	157	5	mechanism	mechanism	NOUN
aijes-7151	157	6	of	of	ADP
aijes-7151	157	7	value	value	NOUN
aijes-7151	157	8	stabilization	stabilization	NOUN
aijes-7151	157	9	influence	influence	NOUN
aijes-7151	157	10	consumers	consumer	NOUN
aijes-7151	157	11	’	'	PUNCT
aijes-7151	157	12	choice	choice	NOUN
aijes-7151	157	13	of	of	ADP
aijes-7151	157	14	stablecoin	stablecoin	NOUN
aijes-7151	157	15	?	?	PUNCT
aijes-7151	158	1	research	research	NOUN
aijes-7151	158	2	methodology	methodology	NOUN
aijes-7151	158	3	we	we	PRON
aijes-7151	158	4	applied	apply	VERB
aijes-7151	158	5	the	the	DET
aijes-7151	158	6	following	follow	VERB
aijes-7151	158	7	quantitative	quantitative	ADJ
aijes-7151	158	8	methods	method	NOUN
aijes-7151	158	9	:	:	PUNCT
aijes-7151	158	10			X
aijes-7151	159	1	analysis	analysis	NOUN
aijes-7151	159	2	of	of	ADP
aijes-7151	159	3	market	market	NOUN
aijes-7151	159	4	capitalization	capitalization	NOUN
aijes-7151	159	5	data	datum	NOUN
aijes-7151	159	6	for	for	ADP
aijes-7151	159	7	major	major	ADJ
aijes-7151	159	8	stablecoins	stablecoin	NOUN
aijes-7151	159	9	;	;	PUNCT
aijes-7151	159	10			PRON
aijes-7151	159	11	evaluation	evaluation	NOUN
aijes-7151	159	12	of	of	ADP
aijes-7151	159	13	market	market	NOUN
aijes-7151	159	14	share	share	NOUN
aijes-7151	159	15	data	datum	NOUN
aijes-7151	159	16	for	for	ADP
aijes-7151	159	17	stablecoins	stablecoin	NOUN
aijes-7151	159	18	across	across	ADP
aijes-7151	159	19	global	global	ADJ
aijes-7151	159	20	regions	region	NOUN
aijes-7151	159	21	and	and	CCONJ
aijes-7151	159	22	individual	individual	ADJ
aijes-7151	159	23	countries	country	NOUN
aijes-7151	159	24	;	;	PUNCT
aijes-7151	159	25			NOUN
aijes-7151	159	26	comparative	comparative	ADJ
aijes-7151	159	27	analysis	analysis	NOUN
aijes-7151	159	28	of	of	ADP
aijes-7151	159	29	inflation	inflation	NOUN
aijes-7151	159	30	rates	rate	NOUN
aijes-7151	159	31	in	in	ADP
aijes-7151	159	32	countries	country	NOUN
aijes-7151	159	33	where	where	SCONJ
aijes-7151	159	34	stablecoin	stablecoin	NOUN
aijes-7151	159	35	-	-	PUNCT
aijes-7151	159	36	based	base	VERB
aijes-7151	159	37	saving	saving	NOUN
aijes-7151	159	38	holds	hold	VERB
aijes-7151	159	39	a	a	DET
aijes-7151	159	40	significant	significant	ADJ
aijes-7151	159	41	market	market	NOUN
aijes-7151	159	42	share	share	NOUN
aijes-7151	159	43	.	.	PUNCT
aijes-7151	160	1	additionally	additionally	ADV
aijes-7151	160	2	,	,	PUNCT
aijes-7151	160	3	we	we	PRON
aijes-7151	160	4	employed	employ	VERB
aijes-7151	160	5	a	a	DET
aijes-7151	160	6	qualitative	qualitative	ADJ
aijes-7151	160	7	document	document	NOUN
aijes-7151	160	8	analysis	analysis	NOUN
aijes-7151	160	9	method	method	NOUN
aijes-7151	160	10	,	,	PUNCT
aijes-7151	160	11	examining	examine	VERB
aijes-7151	160	12	regulatory	regulatory	ADJ
aijes-7151	160	13	frameworks	framework	NOUN
aijes-7151	160	14	and	and	CCONJ
aijes-7151	160	15	whitepapers	whitepaper	NOUN
aijes-7151	160	16	of	of	ADP
aijes-7151	160	17	selected	select	VERB
aijes-7151	160	18	stablecoins	stablecoin	NOUN
aijes-7151	160	19	.	.	PUNCT
aijes-7151	161	1	for	for	ADP
aijes-7151	161	2	this	this	DET
aijes-7151	161	3	purpose	purpose	NOUN
aijes-7151	161	4	,	,	PUNCT
aijes-7151	161	5	we	we	PRON
aijes-7151	161	6	used	use	VERB
aijes-7151	161	7	the	the	DET
aijes-7151	161	8	grok	grok	ADJ
aijes-7151	161	9	3	3	NUM
aijes-7151	161	10	artificial	artificial	ADJ
aijes-7151	161	11	intelligence	intelligence	NOUN
aijes-7151	161	12	model	model	NOUN
aijes-7151	161	13	to	to	PART
aijes-7151	161	14	support	support	VERB
aijes-7151	161	15	our	our	PRON
aijes-7151	161	16	analytical	analytical	ADJ
aijes-7151	161	17	process	process	NOUN
aijes-7151	161	18	.	.	PUNCT
aijes-7151	162	1	all	all	DET
aijes-7151	162	2	data	datum	NOUN
aijes-7151	162	3	on	on	ADP
aijes-7151	162	4	market	market	NOUN
aijes-7151	162	5	capitalization	capitalization	NOUN
aijes-7151	162	6	were	be	AUX
aijes-7151	162	7	collected	collect	VERB
aijes-7151	162	8	on	on	ADP
aijes-7151	162	9	march	march	PROPN
aijes-7151	162	10	13	13	NUM
aijes-7151	162	11	,	,	PUNCT
aijes-7151	162	12	2025	2025	NUM
aijes-7151	162	13	,	,	PUNCT
aijes-7151	162	14	which	which	PRON
aijes-7151	162	15	is	be	AUX
aijes-7151	162	16	also	also	ADV
aijes-7151	162	17	the	the	DET
aijes-7151	162	18	date	date	NOUN
aijes-7151	162	19	on	on	ADP
aijes-7151	162	20	which	which	PRON
aijes-7151	162	21	grok	grok	VERB
aijes-7151	162	22	3	3	NUM
aijes-7151	162	23	was	be	AUX
aijes-7151	162	24	prompted	prompt	VERB
aijes-7151	162	25	to	to	PART
aijes-7151	162	26	generate	generate	VERB
aijes-7151	162	27	regulatory	regulatory	ADJ
aijes-7151	162	28	and	and	CCONJ
aijes-7151	162	29	whitepaper	whitepaper	NOUN
aijes-7151	162	30	analyses	analysis	NOUN
aijes-7151	162	31	.	.	PUNCT
aijes-7151	163	1	analysis	analysis	NOUN
aijes-7151	163	2	and	and	CCONJ
aijes-7151	163	3	results	result	NOUN
aijes-7151	163	4	due	due	ADP
aijes-7151	163	5	to	to	ADP
aijes-7151	163	6	the	the	DET
aijes-7151	163	7	methodological	methodological	ADJ
aijes-7151	163	8	challenge	challenge	NOUN
aijes-7151	163	9	of	of	ADP
aijes-7151	163	10	acquiring	acquire	VERB
aijes-7151	163	11	a	a	DET
aijes-7151	163	12	representative	representative	ADJ
aijes-7151	163	13	global	global	ADJ
aijes-7151	163	14	sample	sample	NOUN
aijes-7151	163	15	of	of	ADP
aijes-7151	163	16	stablecoin	stablecoin	NOUN
aijes-7151	163	17	users	user	NOUN
aijes-7151	163	18	,	,	PUNCT
aijes-7151	163	19	we	we	PRON
aijes-7151	163	20	were	be	AUX
aijes-7151	163	21	unable	unable	ADJ
aijes-7151	163	22	to	to	PART
aijes-7151	163	23	conduct	conduct	VERB
aijes-7151	163	24	an	an	DET
aijes-7151	163	25	empirical	empirical	ADJ
aijes-7151	163	26	survey	survey	NOUN
aijes-7151	163	27	.	.	PUNCT
aijes-7151	164	1	instead	instead	ADV
aijes-7151	164	2	,	,	PUNCT
aijes-7151	164	3	we	we	PRON
aijes-7151	164	4	addressed	address	VERB
aijes-7151	164	5	the	the	DET
aijes-7151	164	6	research	research	NOUN
aijes-7151	164	7	questions	question	NOUN
aijes-7151	164	8	using	use	VERB
aijes-7151	164	9	publicly	publicly	ADV
aijes-7151	164	10	available	available	ADJ
aijes-7151	164	11	statistical	statistical	ADJ
aijes-7151	164	12	data	datum	NOUN
aijes-7151	164	13	and	and	CCONJ
aijes-7151	164	14	qualitative	qualitative	ADJ
aijes-7151	164	15	analyses	analysis	NOUN
aijes-7151	164	16	relevant	relevant	ADJ
aijes-7151	164	17	to	to	ADP
aijes-7151	164	18	our	our	PRON
aijes-7151	164	19	study	study	NOUN
aijes-7151	164	20	objectives	objective	NOUN
aijes-7151	164	21	.	.	PUNCT
aijes-7151	165	1	stablecoins	stablecoin	NOUN
aijes-7151	165	2	by	by	ADP
aijes-7151	165	3	market	market	NOUN
aijes-7151	165	4	capitalization	capitalization	NOUN
aijes-7151	165	5	and	and	CCONJ
aijes-7151	165	6	market	market	NOUN
aijes-7151	165	7	share	share	NOUN
aijes-7151	165	8	as	as	ADP
aijes-7151	165	9	of	of	ADP
aijes-7151	165	10	march	march	PROPN
aijes-7151	165	11	13	13	NUM
aijes-7151	165	12	,	,	PUNCT
aijes-7151	165	13	2025	2025	NUM
aijes-7151	165	14	,	,	PUNCT
aijes-7151	165	15	data	datum	NOUN
aijes-7151	165	16	retrieved	retrieve	VERB
aijes-7151	165	17	from	from	ADP
aijes-7151	165	18	coinmarketcap	coinmarketcap	NOUN
aijes-7151	165	19	indicate	indicate	VERB
aijes-7151	165	20	that	that	SCONJ
aijes-7151	165	21	the	the	DET
aijes-7151	165	22	four	four	NUM
aijes-7151	165	23	largest	large	ADJ
aijes-7151	165	24	stablecoins	stablecoin	NOUN
aijes-7151	165	25	by	by	ADP
aijes-7151	165	26	market	market	NOUN
aijes-7151	165	27	capitalization	capitalization	NOUN
aijes-7151	165	28	were	be	AUX
aijes-7151	165	29	:	:	PUNCT
aijes-7151	165	30			PRON
aijes-7151	165	31	tether	tether	NOUN
aijes-7151	165	32	(	(	PUNCT
aijes-7151	165	33	usdt	usdt	NOUN
aijes-7151	165	34	):	):	PUNCT
aijes-7151	165	35	64.90	64.90	NUM
aijes-7151	165	36	%	%	NOUN
aijes-7151	165	37			PRON
aijes-7151	165	38	usd	usd	NOUN
aijes-7151	165	39	coin	coin	NOUN
aijes-7151	165	40	(	(	PUNCT
aijes-7151	165	41	usdc	usdc	ADJ
aijes-7151	165	42	):	):	PUNCT
aijes-7151	165	43	26.87	26.87	NUM
aijes-7151	165	44	%	%	NOUN
aijes-7151	165	45			NOUN
aijes-7151	165	46	ethena	ethena	NOUN
aijes-7151	165	47	(	(	PUNCT
aijes-7151	165	48	usde	usde	NOUN
aijes-7151	165	49	):	):	PUNCT
aijes-7151	165	50	2.51	2.51	NUM
aijes-7151	165	51	%	%	NOUN
aijes-7151	165	52			NOUN
aijes-7151	165	53	dai	dai	PROPN
aijes-7151	165	54	(	(	PUNCT
aijes-7151	165	55	dai	dai	PROPN
aijes-7151	165	56	):	):	PUNCT
aijes-7151	165	57	2.47	2.47	NUM
aijes-7151	165	58	%	%	NOUN
aijes-7151	165	59	all	all	DET
aijes-7151	165	60	other	other	ADJ
aijes-7151	165	61	stablecoins	stablecoin	NOUN
aijes-7151	165	62	combined	combine	VERB
aijes-7151	165	63	accounted	account	VERB
aijes-7151	165	64	for	for	ADP
aijes-7151	165	65	only	only	ADV
aijes-7151	165	66	3.25	3.25	NUM
aijes-7151	165	67	%	%	NOUN
aijes-7151	165	68	of	of	ADP
aijes-7151	165	69	the	the	DET
aijes-7151	165	70	market	market	NOUN
aijes-7151	165	71	.	.	PUNCT
aijes-7151	166	1	these	these	DET
aijes-7151	166	2	proportions	proportion	NOUN
aijes-7151	166	3	are	be	AUX
aijes-7151	166	4	calculated	calculate	VERB
aijes-7151	166	5	after	after	ADP
aijes-7151	166	6	excluding	exclude	VERB
aijes-7151	166	7	data	datum	NOUN
aijes-7151	166	8	marked	mark	VERB
aijes-7151	166	9	as	as	ADP
aijes-7151	166	10	self	self	NOUN
aijes-7151	166	11	-	-	PUNCT
aijes-7151	166	12	reported	report	VERB
aijes-7151	166	13	and	and	CCONJ
aijes-7151	166	14	potentially	potentially	ADV
aijes-7151	166	15	unreliable	unreliable	ADJ
aijes-7151	166	16	,	,	PUNCT
aijes-7151	166	17	in	in	ADP
aijes-7151	166	18	accordance	accordance	NOUN
aijes-7151	166	19	with	with	ADP
aijes-7151	166	20	the	the	DET
aijes-7151	166	21	platform	platform	NOUN
aijes-7151	166	22	’s	’s	PART
aijes-7151	166	23	data	datum	NOUN
aijes-7151	166	24	transparency	transparency	NOUN
aijes-7151	166	25	notices	notice	NOUN
aijes-7151	166	26	.	.	PUNCT
aijes-7151	167	1	julija	julija	NOUN
aijes-7151	167	2	lapuh	lapuh	X
aijes-7151	167	3	bele	bele	PROPN
aijes-7151	167	4	,	,	PUNCT
aijes-7151	167	5	tanja	tanja	PROPN
aijes-7151	167	6	bele	bele	PROPN
aijes-7151	167	7	185	185	NUM
aijes-7151	167	8	regulatory	regulatory	ADJ
aijes-7151	167	9	compliance	compliance	NOUN
aijes-7151	167	10	of	of	ADP
aijes-7151	167	11	leading	lead	VERB
aijes-7151	167	12	stablecoins	stablecoin	NOUN
aijes-7151	167	13	on	on	ADP
aijes-7151	167	14	february	february	PROPN
aijes-7151	167	15	20	20	NUM
aijes-7151	167	16	,	,	PUNCT
aijes-7151	167	17	2025	2025	NUM
aijes-7151	167	18	,	,	PUNCT
aijes-7151	167	19	the	the	DET
aijes-7151	167	20	european	european	PROPN
aijes-7151	167	21	securities	securities	PROPN
aijes-7151	167	22	and	and	CCONJ
aijes-7151	167	23	markets	market	NOUN
aijes-7151	167	24	authority	authority	NOUN
aijes-7151	167	25	(	(	PUNCT
aijes-7151	167	26	esma	esma	PROPN
aijes-7151	167	27	)	)	PUNCT
aijes-7151	167	28	published	publish	VERB
aijes-7151	167	29	a	a	DET
aijes-7151	167	30	list	list	NOUN
aijes-7151	167	31	of	of	ADP
aijes-7151	167	32	ten	ten	NUM
aijes-7151	167	33	entities	entity	NOUN
aijes-7151	167	34	authorized	authorize	VERB
aijes-7151	167	35	under	under	ADP
aijes-7151	167	36	the	the	DET
aijes-7151	167	37	mica	mica	NOUN
aijes-7151	167	38	regulation	regulation	NOUN
aijes-7151	167	39	,	,	PUNCT
aijes-7151	167	40	collectively	collectively	ADV
aijes-7151	167	41	issuing	issue	VERB
aijes-7151	167	42	15	15	NUM
aijes-7151	167	43	mica	mica	NOUN
aijes-7151	167	44	-	-	PUNCT
aijes-7151	167	45	compliant	compliant	ADJ
aijes-7151	167	46	stablecoins	stablecoin	NOUN
aijes-7151	167	47	(	(	PUNCT
aijes-7151	167	48	coinspaidmedia	coinspaidmedia	NOUN
aijes-7151	167	49	,	,	PUNCT
aijes-7151	167	50	2025	2025	NUM
aijes-7151	167	51	)	)	PUNCT
aijes-7151	167	52	.	.	PUNCT
aijes-7151	168	1	among	among	ADP
aijes-7151	168	2	the	the	DET
aijes-7151	168	3	top	top	ADJ
aijes-7151	168	4	four	four	NUM
aijes-7151	168	5	stablecoins	stablecoin	NOUN
aijes-7151	168	6	by	by	ADP
aijes-7151	168	7	market	market	NOUN
aijes-7151	168	8	capitalization	capitalization	NOUN
aijes-7151	168	9	,	,	PUNCT
aijes-7151	168	10	only	only	ADV
aijes-7151	168	11	usdc	usdc	ADJ
aijes-7151	168	12	,	,	PUNCT
aijes-7151	168	13	issued	issue	VERB
aijes-7151	168	14	by	by	ADP
aijes-7151	168	15	circle	circle	NOUN
aijes-7151	168	16	,	,	PUNCT
aijes-7151	168	17	meets	meet	VERB
aijes-7151	168	18	mica	mica	NOUN
aijes-7151	168	19	compliance	compliance	NOUN
aijes-7151	168	20	requirements	requirement	NOUN
aijes-7151	168	21	.	.	PUNCT
aijes-7151	169	1	tether	tether	NOUN
aijes-7151	169	2	(	(	PUNCT
aijes-7151	169	3	usdt	usdt	NOUN
aijes-7151	169	4	)	)	PUNCT
aijes-7151	169	5	has	have	AUX
aijes-7151	169	6	faced	face	VERB
aijes-7151	169	7	regulatory	regulatory	ADJ
aijes-7151	169	8	challenges	challenge	NOUN
aijes-7151	169	9	in	in	ADP
aijes-7151	169	10	the	the	DET
aijes-7151	169	11	united	united	PROPN
aijes-7151	169	12	states	states	PROPN
aijes-7151	169	13	,	,	PUNCT
aijes-7151	169	14	including	include	VERB
aijes-7151	169	15	fines	fine	NOUN
aijes-7151	169	16	and	and	CCONJ
aijes-7151	169	17	trading	trading	NOUN
aijes-7151	169	18	restrictions	restriction	NOUN
aijes-7151	169	19	on	on	ADP
aijes-7151	169	20	platforms	platform	NOUN
aijes-7151	169	21	like	like	ADP
aijes-7151	169	22	coinbase	coinbase	NOUN
aijes-7151	169	23	and	and	CCONJ
aijes-7151	169	24	crypto.com	crypto.com	X
aijes-7151	169	25	due	due	ADP
aijes-7151	169	26	to	to	ADP
aijes-7151	169	27	non	non	NOUN
aijes-7151	169	28	-	-	NOUN
aijes-7151	169	29	compliance	compliance	NOUN
aijes-7151	169	30	with	with	ADP
aijes-7151	169	31	mica	mica	NOUN
aijes-7151	169	32	(	(	PUNCT
aijes-7151	169	33	adejumo	adejumo	ADJ
aijes-7151	169	34	,	,	PUNCT
aijes-7151	169	35	2024b	2024b	NUM
aijes-7151	169	36	)	)	PUNCT
aijes-7151	169	37	.	.	PUNCT
aijes-7151	170	1	furthermore	furthermore	ADV
aijes-7151	170	2	,	,	PUNCT
aijes-7151	170	3	tether	tether	NOUN
aijes-7151	170	4	’s	’s	PART
aijes-7151	170	5	involvement	involvement	NOUN
aijes-7151	170	6	in	in	ADP
aijes-7151	170	7	high	high	ADJ
aijes-7151	170	8	-	-	PUNCT
aijes-7151	170	9	risk	risk	NOUN
aijes-7151	170	10	jurisdictions	jurisdiction	NOUN
aijes-7151	170	11	(	(	PUNCT
aijes-7151	170	12	e.g.	e.g.	ADV
aijes-7151	170	13	,	,	PUNCT
aijes-7151	170	14	iran	iran	PROPN
aijes-7151	170	15	,	,	PUNCT
aijes-7151	170	16	venezuela	venezuela	PROPN
aijes-7151	170	17	,	,	PUNCT
aijes-7151	170	18	russia	russia	PROPN
aijes-7151	170	19	)	)	PUNCT
aijes-7151	170	20	has	have	AUX
aijes-7151	170	21	attracted	attract	VERB
aijes-7151	170	22	scrutiny	scrutiny	NOUN
aijes-7151	170	23	for	for	ADP
aijes-7151	170	24	facilitating	facilitate	VERB
aijes-7151	170	25	transactions	transaction	NOUN
aijes-7151	170	26	outside	outside	ADP
aijes-7151	170	27	traditional	traditional	ADJ
aijes-7151	170	28	financial	financial	ADJ
aijes-7151	170	29	oversight	oversight	NOUN
aijes-7151	170	30	.	.	PUNCT
aijes-7151	171	1	despite	despite	SCONJ
aijes-7151	171	2	lacking	lack	VERB
aijes-7151	171	3	full	full	ADJ
aijes-7151	171	4	regulatory	regulatory	ADJ
aijes-7151	171	5	approval	approval	NOUN
aijes-7151	171	6	in	in	ADP
aijes-7151	171	7	both	both	CCONJ
aijes-7151	171	8	the	the	DET
aijes-7151	171	9	u.s	u.s	PROPN
aijes-7151	171	10	.	.	PROPN
aijes-7151	171	11	and	and	CCONJ
aijes-7151	171	12	eu	eu	PROPN
aijes-7151	171	13	,	,	PUNCT
aijes-7151	171	14	tether	tether	NOUN
aijes-7151	171	15	claims	claim	VERB
aijes-7151	171	16	to	to	PART
aijes-7151	171	17	actively	actively	ADV
aijes-7151	171	18	cooperate	cooperate	VERB
aijes-7151	171	19	with	with	ADP
aijes-7151	171	20	regulators	regulator	NOUN
aijes-7151	171	21	to	to	PART
aijes-7151	171	22	enhance	enhance	VERB
aijes-7151	171	23	compliance	compliance	NOUN
aijes-7151	171	24	(	(	PUNCT
aijes-7151	171	25	tether	tether	NOUN
aijes-7151	171	26	,	,	PUNCT
aijes-7151	171	27	2025b	2025b	NUM
aijes-7151	171	28	)	)	PUNCT
aijes-7151	171	29	.	.	PUNCT
aijes-7151	172	1	investor	investor	NOUN
aijes-7151	172	2	confidence	confidence	NOUN
aijes-7151	172	3	remains	remain	VERB
aijes-7151	172	4	disproportionately	disproportionately	ADV
aijes-7151	172	5	concentrated	concentrate	VERB
aijes-7151	172	6	in	in	ADP
aijes-7151	172	7	tether	tether	NOUN
aijes-7151	172	8	and	and	CCONJ
aijes-7151	172	9	circle	circle	NOUN
aijes-7151	172	10	,	,	PUNCT
aijes-7151	172	11	suggesting	suggest	VERB
aijes-7151	172	12	either	either	CCONJ
aijes-7151	172	13	a	a	DET
aijes-7151	172	14	lack	lack	NOUN
aijes-7151	172	15	of	of	ADP
aijes-7151	172	16	awareness	awareness	NOUN
aijes-7151	172	17	regarding	regard	VERB
aijes-7151	172	18	regulatory	regulatory	ADJ
aijes-7151	172	19	risks	risk	NOUN
aijes-7151	172	20	or	or	CCONJ
aijes-7151	172	21	trust	trust	NOUN
aijes-7151	172	22	in	in	ADP
aijes-7151	172	23	issuer	issuer	ADJ
aijes-7151	172	24	assurances	assurance	NOUN
aijes-7151	172	25	.	.	PUNCT
aijes-7151	173	1	this	this	DET
aijes-7151	173	2	concentrated	concentrated	ADJ
aijes-7151	173	3	exposure	exposure	NOUN
aijes-7151	173	4	increases	increase	VERB
aijes-7151	173	5	systemic	systemic	ADJ
aijes-7151	173	6	risk	risk	NOUN
aijes-7151	173	7	and	and	CCONJ
aijes-7151	173	8	underscores	underscore	VERB
aijes-7151	173	9	the	the	DET
aijes-7151	173	10	need	need	NOUN
aijes-7151	173	11	for	for	ADP
aijes-7151	173	12	greater	great	ADJ
aijes-7151	173	13	transparency	transparency	NOUN
aijes-7151	173	14	.	.	PUNCT
aijes-7151	174	1	motivations	motivation	NOUN
aijes-7151	174	2	for	for	ADP
aijes-7151	174	3	purchasing	purchase	VERB
aijes-7151	174	4	usd	usd	NOUN
aijes-7151	174	5	-	-	PUNCT
aijes-7151	174	6	pegged	peg	VERB
aijes-7151	174	7	stablecoins	stablecoin	NOUN
aijes-7151	174	8	over	over	ADP
aijes-7151	174	9	usd	usd	NOUN
aijes-7151	174	10	using	use	VERB
aijes-7151	174	11	grok	grok	NOUN
aijes-7151	174	12	3	3	NUM
aijes-7151	174	13	,	,	PUNCT
aijes-7151	174	14	chatgpt-4o	chatgpt-4o	ADV
aijes-7151	174	15	,	,	PUNCT
aijes-7151	174	16	and	and	CCONJ
aijes-7151	174	17	microsoft	microsoft	PROPN
aijes-7151	174	18	copilot	copilot	PROPN
aijes-7151	174	19	,	,	PUNCT
aijes-7151	174	20	we	we	PRON
aijes-7151	174	21	conducted	conduct	VERB
aijes-7151	174	22	a	a	DET
aijes-7151	174	23	qualitative	qualitative	ADJ
aijes-7151	174	24	inquiry	inquiry	NOUN
aijes-7151	174	25	into	into	ADP
aijes-7151	174	26	consumer	consumer	NOUN
aijes-7151	174	27	motivations	motivation	NOUN
aijes-7151	174	28	for	for	ADP
aijes-7151	174	29	choosing	choose	VERB
aijes-7151	174	30	usd	usd	NOUN
aijes-7151	174	31	-	-	PUNCT
aijes-7151	174	32	pegged	peg	VERB
aijes-7151	174	33	stablecoins	stablecoin	NOUN
aijes-7151	174	34	over	over	ADP
aijes-7151	174	35	fiat	fiat	ADJ
aijes-7151	174	36	usd	usd	NOUN
aijes-7151	174	37	.	.	PUNCT
aijes-7151	175	1	sources	source	NOUN
aijes-7151	175	2	cited	cite	VERB
aijes-7151	175	3	by	by	ADP
aijes-7151	175	4	ai	ai	PROPN
aijes-7151	175	5	models	model	NOUN
aijes-7151	175	6	were	be	AUX
aijes-7151	175	7	cross	cross	ADJ
aijes-7151	175	8	-	-	ADJ
aijes-7151	175	9	verified	verified	ADJ
aijes-7151	175	10	for	for	ADP
aijes-7151	175	11	accuracy	accuracy	NOUN
aijes-7151	175	12	and	and	CCONJ
aijes-7151	175	13	relevance	relevance	NOUN
aijes-7151	175	14	.	.	PUNCT
aijes-7151	176	1	the	the	DET
aijes-7151	176	2	key	key	ADJ
aijes-7151	176	3	motivations	motivation	NOUN
aijes-7151	176	4	include	include	VERB
aijes-7151	176	5	:	:	PUNCT
aijes-7151	176	6			PRON
aijes-7151	176	7	international	international	ADJ
aijes-7151	176	8	payments	payment	NOUN
aijes-7151	176	9	:	:	PUNCT
aijes-7151	176	10	stablecoins	stablecoin	NOUN
aijes-7151	176	11	facilitate	facilitate	VERB
aijes-7151	176	12	fast	fast	ADJ
aijes-7151	176	13	,	,	PUNCT
aijes-7151	176	14	low	low	ADJ
aijes-7151	176	15	-	-	PUNCT
aijes-7151	176	16	cost	cost	NOUN
aijes-7151	176	17	cross	cross	ADJ
aijes-7151	176	18	-	-	ADJ
aijes-7151	176	19	border	border	ADJ
aijes-7151	176	20	transactions	transaction	NOUN
aijes-7151	176	21	,	,	PUNCT
aijes-7151	176	22	especially	especially	ADV
aijes-7151	176	23	in	in	ADP
aijes-7151	176	24	countries	country	NOUN
aijes-7151	176	25	with	with	ADP
aijes-7151	176	26	limited	limited	ADJ
aijes-7151	176	27	access	access	NOUN
aijes-7151	176	28	to	to	ADP
aijes-7151	176	29	stable	stable	ADJ
aijes-7151	176	30	currencies	currency	NOUN
aijes-7151	176	31	(	(	PUNCT
aijes-7151	176	32	e.g.	e.g.	ADV
aijes-7151	176	33	,	,	PUNCT
aijes-7151	176	34	ethiopia	ethiopia	PROPN
aijes-7151	176	35	,	,	PUNCT
aijes-7151	176	36	nigeria	nigeria	PROPN
aijes-7151	176	37	)	)	PUNCT
aijes-7151	176	38	.	.	PUNCT
aijes-7151	177	1			NOUN
aijes-7151	177	2	accessibility	accessibility	NOUN
aijes-7151	177	3	:	:	PUNCT
aijes-7151	177	4	they	they	PRON
aijes-7151	177	5	are	be	AUX
aijes-7151	177	6	globally	globally	ADV
aijes-7151	177	7	accessible	accessible	ADJ
aijes-7151	177	8	,	,	PUNCT
aijes-7151	177	9	even	even	ADV
aijes-7151	177	10	in	in	ADP
aijes-7151	177	11	jurisdictions	jurisdiction	NOUN
aijes-7151	177	12	with	with	ADP
aijes-7151	177	13	restricted	restricted	ADJ
aijes-7151	177	14	access	access	NOUN
aijes-7151	177	15	to	to	ADP
aijes-7151	177	16	usd	usd	NOUN
aijes-7151	177	17	(	(	PUNCT
aijes-7151	177	18	e.g.	e.g.	ADJ
aijes-7151	177	19	,	,	PUNCT
aijes-7151	177	20	venezuela	venezuela	PROPN
aijes-7151	177	21	,	,	PUNCT
aijes-7151	177	22	nigeria	nigeria	PROPN
aijes-7151	177	23	)	)	PUNCT
aijes-7151	177	24	.	.	PUNCT
aijes-7151	178	1			PRON
aijes-7151	178	2	decentralized	decentralize	VERB
aijes-7151	178	3	finance	finance	NOUN
aijes-7151	178	4	(	(	PUNCT
aijes-7151	178	5	defi	defi	PROPN
aijes-7151	178	6	):	):	PUNCT
aijes-7151	178	7	stablecoins	stablecoin	NOUN
aijes-7151	178	8	enable	enable	VERB
aijes-7151	178	9	access	access	NOUN
aijes-7151	178	10	to	to	ADP
aijes-7151	178	11	defi	defi	NOUN
aijes-7151	178	12	services	service	NOUN
aijes-7151	178	13	in	in	ADP
aijes-7151	178	14	regions	region	NOUN
aijes-7151	178	15	with	with	ADP
aijes-7151	178	16	advanced	advanced	ADJ
aijes-7151	178	17	crypto	crypto	NOUN
aijes-7151	178	18	infrastructure	infrastructure	NOUN
aijes-7151	178	19	(	(	PUNCT
aijes-7151	178	20	e.g.	e.g.	ADV
aijes-7151	178	21	,	,	PUNCT
aijes-7151	178	22	u.s	u.s	PROPN
aijes-7151	178	23	.	.	PROPN
aijes-7151	178	24	,	,	PUNCT
aijes-7151	178	25	u.k	u.k	PROPN
aijes-7151	178	26	.	.	PROPN
aijes-7151	178	27	,	,	PUNCT
aijes-7151	178	28	vietnam	vietnam	PROPN
aijes-7151	178	29	,	,	PUNCT
aijes-7151	178	30	india	india	PROPN
aijes-7151	178	31	)	)	PUNCT
aijes-7151	178	32	.	.	PUNCT
aijes-7151	179	1			X
aijes-7151	179	2	anonymity	anonymity	NOUN
aijes-7151	179	3	:	:	PUNCT
aijes-7151	179	4	they	they	PRON
aijes-7151	179	5	offer	offer	VERB
aijes-7151	179	6	higher	high	ADJ
aijes-7151	179	7	transactional	transactional	ADJ
aijes-7151	179	8	privacy	privacy	NOUN
aijes-7151	179	9	compared	compare	VERB
aijes-7151	179	10	to	to	ADP
aijes-7151	179	11	traditional	traditional	ADJ
aijes-7151	179	12	banking	banking	NOUN
aijes-7151	179	13	systems	system	NOUN
aijes-7151	179	14	,	,	PUNCT
aijes-7151	179	15	appealing	appeal	VERB
aijes-7151	179	16	to	to	ADP
aijes-7151	179	17	privacy	privacy	NOUN
aijes-7151	179	18	-	-	PUNCT
aijes-7151	179	19	conscious	conscious	ADJ
aijes-7151	179	20	individuals	individual	NOUN
aijes-7151	179	21	,	,	PUNCT
aijes-7151	179	22	businesses	business	NOUN
aijes-7151	179	23	in	in	ADP
aijes-7151	179	24	sensitive	sensitive	ADJ
aijes-7151	179	25	sectors	sector	NOUN
aijes-7151	179	26	,	,	PUNCT
aijes-7151	179	27	users	user	NOUN
aijes-7151	179	28	in	in	ADP
aijes-7151	179	29	sanctioned	sanctioned	ADJ
aijes-7151	179	30	economies	economy	NOUN
aijes-7151	179	31	,	,	PUNCT
aijes-7151	179	32	crypto	crypto	NOUN
aijes-7151	179	33	advocates	advocate	NOUN
aijes-7151	179	34	,	,	PUNCT
aijes-7151	179	35	and	and	CCONJ
aijes-7151	179	36	illicit	illicit	ADJ
aijes-7151	179	37	actors	actor	NOUN
aijes-7151	179	38	.	.	PUNCT
aijes-7151	180	1	factors	factor	NOUN
aijes-7151	180	2	influencing	influence	VERB
aijes-7151	180	3	the	the	DET
aijes-7151	180	4	instability	instability	NOUN
aijes-7151	180	5	of	of	ADP
aijes-7151	180	6	stablecoins	stablecoin	NOUN
aijes-7151	180	7	we	we	PRON
aijes-7151	180	8	conducted	conduct	VERB
aijes-7151	180	9	a	a	DET
aijes-7151	180	10	qualitative	qualitative	ADJ
aijes-7151	180	11	study	study	NOUN
aijes-7151	180	12	using	use	VERB
aijes-7151	180	13	chatgpt-4	chatgpt-4	PROPN
aijes-7151	180	14	.	.	PUNCT
aijes-7151	181	1	we	we	PRON
aijes-7151	181	2	posed	pose	VERB
aijes-7151	181	3	the	the	DET
aijes-7151	181	4	following	following	ADJ
aijes-7151	181	5	query	query	NOUN
aijes-7151	181	6	:	:	PUNCT
aijes-7151	181	7	"	"	PUNCT
aijes-7151	181	8	what	what	DET
aijes-7151	181	9	factors	factor	NOUN
aijes-7151	181	10	most	most	ADV
aijes-7151	181	11	significantly	significantly	ADV
aijes-7151	181	12	influence	influence	VERB
aijes-7151	181	13	the	the	DET
aijes-7151	181	14	instability	instability	NOUN
aijes-7151	181	15	of	of	ADP
aijes-7151	181	16	stablecoins	stablecoin	NOUN
aijes-7151	181	17	?	?	PUNCT
aijes-7151	181	18	"	"	PUNCT
aijes-7151	181	19	we	we	PRON
aijes-7151	181	20	requested	request	VERB
aijes-7151	181	21	sources	source	NOUN
aijes-7151	181	22	in	in	ADP
aijes-7151	181	23	apa7	apa7	ADJ
aijes-7151	181	24	format	format	NOUN
aijes-7151	181	25	and	and	CCONJ
aijes-7151	181	26	specific	specific	ADJ
aijes-7151	181	27	examples	example	NOUN
aijes-7151	181	28	for	for	ADP
aijes-7151	181	29	each	each	DET
aijes-7151	181	30	factor	factor	NOUN
aijes-7151	181	31	.	.	PUNCT
aijes-7151	182	1	we	we	PRON
aijes-7151	182	2	utilized	utilize	VERB
aijes-7151	182	3	the	the	DET
aijes-7151	182	4	deep	deep	ADJ
aijes-7151	182	5	research	research	NOUN
aijes-7151	182	6	function	function	NOUN
aijes-7151	182	7	and	and	CCONJ
aijes-7151	182	8	received	receive	VERB
aijes-7151	182	9	a	a	DET
aijes-7151	182	10	comprehensive	comprehensive	ADJ
aijes-7151	182	11	response	response	NOUN
aijes-7151	182	12	,	,	PUNCT
aijes-7151	182	13	which	which	PRON
aijes-7151	182	14	we	we	PRON
aijes-7151	182	15	have	have	AUX
aijes-7151	182	16	summarized	summarize	VERB
aijes-7151	182	17	for	for	ADP
aijes-7151	182	18	this	this	DET
aijes-7151	182	19	report	report	NOUN
aijes-7151	182	20	.	.	PUNCT
aijes-7151	183	1	stablecoins	stablecoin	NOUN
aijes-7151	183	2	have	have	AUX
aijes-7151	183	3	experienced	experience	VERB
aijes-7151	183	4	sudden	sudden	ADJ
aijes-7151	183	5	value	value	NOUN
aijes-7151	183	6	losses	loss	NOUN
aijes-7151	183	7	or	or	CCONJ
aijes-7151	183	8	deviations	deviation	NOUN
aijes-7151	183	9	from	from	ADP
aijes-7151	183	10	their	their	PRON
aijes-7151	183	11	target	target	NOUN
aijes-7151	183	12	value	value	NOUN
aijes-7151	183	13	in	in	ADP
aijes-7151	183	14	practice	practice	NOUN
aijes-7151	183	15	.	.	PUNCT
aijes-7151	184	1	in	in	ADP
aijes-7151	184	2	recent	recent	ADJ
aijes-7151	184	3	years	year	NOUN
aijes-7151	184	4	,	,	PUNCT
aijes-7151	184	5	several	several	ADJ
aijes-7151	184	6	high	high	ADJ
aijes-7151	184	7	-	-	PUNCT
aijes-7151	184	8	profile	profile	NOUN
aijes-7151	184	9	cases	case	NOUN
aijes-7151	184	10	have	have	AUX
aijes-7151	184	11	revealed	reveal	VERB
aijes-7151	184	12	various	various	ADJ
aijes-7151	184	13	causes	cause	NOUN
aijes-7151	184	14	for	for	ADP
aijes-7151	184	15	this	this	DET
aijes-7151	184	16	phenomenon	phenomenon	NOUN
aijes-7151	184	17	.	.	PUNCT
aijes-7151	185	1	according	accord	VERB
aijes-7151	185	2	to	to	ADP
aijes-7151	185	3	moody	moody	PROPN
aijes-7151	185	4	's	's	PART
aijes-7151	185	5	analysts	analyst	NOUN
aijes-7151	185	6	(	(	PUNCT
aijes-7151	185	7	2023	2023	NUM
aijes-7151	185	8	)	)	PUNCT
aijes-7151	185	9	,	,	PUNCT
aijes-7151	185	10	the	the	DET
aijes-7151	185	11	factors	factor	NOUN
aijes-7151	185	12	contributing	contribute	VERB
aijes-7151	185	13	to	to	ADP
aijes-7151	185	14	instability	instability	NOUN
aijes-7151	185	15	include	include	VERB
aijes-7151	185	16	technical	technical	ADJ
aijes-7151	185	17	,	,	PUNCT
aijes-7151	185	18	financial	financial	ADJ
aijes-7151	185	19	,	,	PUNCT
aijes-7151	185	20	legal	legal	ADJ
aijes-7151	185	21	,	,	PUNCT
aijes-7151	185	22	and	and	CCONJ
aijes-7151	185	23	other	other	ADJ
aijes-7151	185	24	issues	issue	NOUN
aijes-7151	185	25	,	,	PUNCT
aijes-7151	185	26	such	such	ADJ
aijes-7151	185	27	as	as	ADP
aijes-7151	185	28	governance	governance	NOUN
aijes-7151	185	29	problems	problem	NOUN
aijes-7151	185	30	or	or	CCONJ
aijes-7151	185	31	unexpected	unexpected	ADJ
aijes-7151	185	32	events	event	NOUN
aijes-7151	185	33	within	within	ADP
aijes-7151	185	34	the	the	DET
aijes-7151	185	35	crypto	crypto	NOUN
aijes-7151	185	36	ecosystem	ecosystem	NOUN
aijes-7151	185	37	.	.	PUNCT
aijes-7151	186	1	the	the	DET
aijes-7151	186	2	impact	impact	NOUN
aijes-7151	186	3	of	of	ADP
aijes-7151	186	4	stablecoins	stablecoin	NOUN
aijes-7151	186	5	on	on	ADP
aijes-7151	186	6	global	global	ADJ
aijes-7151	186	7	finance	finance	NOUN
aijes-7151	186	8	186	186	NUM
aijes-7151	186	9	technical	technical	ADJ
aijes-7151	186	10	factors	factor	NOUN
aijes-7151	186	11	software	software	VERB
aijes-7151	186	12	bugs	bug	NOUN
aijes-7151	186	13	,	,	PUNCT
aijes-7151	186	14	algorithmic	algorithmic	ADJ
aijes-7151	186	15	flaws	flaw	NOUN
aijes-7151	186	16	,	,	PUNCT
aijes-7151	186	17	or	or	CCONJ
aijes-7151	186	18	protocol	protocol	NOUN
aijes-7151	186	19	vulnerabilities	vulnerability	NOUN
aijes-7151	186	20	can	can	AUX
aijes-7151	186	21	cause	cause	VERB
aijes-7151	186	22	de	de	NOUN
aijes-7151	186	23	-	-	NOUN
aijes-7151	186	24	pegging	pegging	NOUN
aijes-7151	186	25	.	.	PUNCT
aijes-7151	187	1	for	for	ADP
aijes-7151	187	2	instance	instance	NOUN
aijes-7151	187	3	,	,	PUNCT
aijes-7151	187	4	the	the	DET
aijes-7151	187	5	dai	dai	PROPN
aijes-7151	187	6	stablecoin	stablecoin	PROPN
aijes-7151	187	7	faced	face	VERB
aijes-7151	187	8	a	a	DET
aijes-7151	187	9	crisis	crisis	NOUN
aijes-7151	187	10	in	in	ADP
aijes-7151	187	11	2020	2020	NUM
aijes-7151	187	12	due	due	ADP
aijes-7151	187	13	to	to	ADP
aijes-7151	187	14	an	an	DET
aijes-7151	187	15	ethereum	ethereum	NOUN
aijes-7151	187	16	crash	crash	NOUN
aijes-7151	187	17	and	and	CCONJ
aijes-7151	187	18	smart	smart	ADJ
aijes-7151	187	19	contract	contract	NOUN
aijes-7151	187	20	malfunction	malfunction	NOUN
aijes-7151	187	21	.	.	PUNCT
aijes-7151	188	1	terrausd	terrausd	NOUN
aijes-7151	188	2	(	(	PUNCT
aijes-7151	188	3	ust	ust	PROPN
aijes-7151	188	4	)	)	PUNCT
aijes-7151	188	5	collapsed	collapse	VERB
aijes-7151	188	6	due	due	ADJ
aijes-7151	188	7	to	to	ADP
aijes-7151	188	8	inherent	inherent	ADJ
aijes-7151	188	9	design	design	NOUN
aijes-7151	188	10	weaknesses	weakness	NOUN
aijes-7151	188	11	in	in	ADP
aijes-7151	188	12	its	its	PRON
aijes-7151	188	13	algorithmic	algorithmic	ADJ
aijes-7151	188	14	stabilization	stabilization	NOUN
aijes-7151	188	15	.	.	PUNCT
aijes-7151	189	1	financial	financial	ADJ
aijes-7151	189	2	and	and	CCONJ
aijes-7151	189	3	economic	economic	ADJ
aijes-7151	189	4	factors	factor	NOUN
aijes-7151	189	5	instability	instability	NOUN
aijes-7151	189	6	may	may	AUX
aijes-7151	189	7	result	result	VERB
aijes-7151	189	8	from	from	ADP
aijes-7151	189	9	:	:	PUNCT
aijes-7151	189	10			NOUN
aijes-7151	189	11	inadequate	inadequate	ADJ
aijes-7151	189	12	or	or	CCONJ
aijes-7151	189	13	illiquid	illiquid	ADJ
aijes-7151	189	14	reserve	reserve	NOUN
aijes-7151	189	15	assets	asset	NOUN
aijes-7151	189	16			NOUN
aijes-7151	189	17	insufficient	insufficient	ADJ
aijes-7151	189	18	collateralization	collateralization	NOUN
aijes-7151	189	19			NOUN
aijes-7151	189	20	exposure	exposure	NOUN
aijes-7151	189	21	to	to	ADP
aijes-7151	189	22	volatile	volatile	ADJ
aijes-7151	189	23	macroeconomic	macroeconomic	ADJ
aijes-7151	189	24	conditions	condition	NOUN
aijes-7151	189	25	a	a	DET
aijes-7151	189	26	notable	notable	ADJ
aijes-7151	189	27	example	example	NOUN
aijes-7151	189	28	occurred	occur	VERB
aijes-7151	189	29	in	in	ADP
aijes-7151	189	30	march	march	PROPN
aijes-7151	189	31	2023	2023	NUM
aijes-7151	189	32	,	,	PUNCT
aijes-7151	189	33	when	when	SCONJ
aijes-7151	189	34	usdc	usdc	ADJ
aijes-7151	189	35	briefly	briefly	NOUN
aijes-7151	189	36	de	de	X
aijes-7151	189	37	-	-	ADJ
aijes-7151	189	38	pegged	pegged	ADJ
aijes-7151	189	39	following	follow	VERB
aijes-7151	189	40	the	the	DET
aijes-7151	189	41	collapse	collapse	NOUN
aijes-7151	189	42	of	of	ADP
aijes-7151	189	43	silicon	silicon	PROPN
aijes-7151	189	44	valley	valley	PROPN
aijes-7151	189	45	bank	bank	PROPN
aijes-7151	189	46	,	,	PUNCT
aijes-7151	189	47	which	which	PRON
aijes-7151	189	48	held	hold	VERB
aijes-7151	189	49	~8	~8	PRON
aijes-7151	189	50	%	%	NOUN
aijes-7151	189	51	of	of	ADP
aijes-7151	189	52	circle	circle	NOUN
aijes-7151	189	53	’s	’s	PART
aijes-7151	189	54	reserves	reserve	NOUN
aijes-7151	189	55	(	(	PUNCT
aijes-7151	189	56	howcroft	howcroft	PROPN
aijes-7151	189	57	&	&	CCONJ
aijes-7151	189	58	jaiswal	jaiswal	PROPN
aijes-7151	189	59	,	,	PUNCT
aijes-7151	189	60	2023	2023	NUM
aijes-7151	189	61	)	)	PUNCT
aijes-7151	189	62	.	.	PUNCT
aijes-7151	190	1	although	although	SCONJ
aijes-7151	190	2	circle	circle	NOUN
aijes-7151	190	3	rapidly	rapidly	ADV
aijes-7151	190	4	restored	restore	VERB
aijes-7151	190	5	confidence	confidence	NOUN
aijes-7151	190	6	,	,	PUNCT
aijes-7151	190	7	the	the	DET
aijes-7151	190	8	event	event	NOUN
aijes-7151	190	9	highlighted	highlight	VERB
aijes-7151	190	10	even	even	ADV
aijes-7151	190	11	fully	fully	ADV
aijes-7151	190	12	collateralized	collateralize	VERB
aijes-7151	190	13	stablecoins	stablecoin	NOUN
aijes-7151	190	14	’	'	PUNCT
aijes-7151	190	15	exposure	exposure	NOUN
aijes-7151	190	16	to	to	ADP
aijes-7151	190	17	systemic	systemic	ADJ
aijes-7151	190	18	banking	banking	NOUN
aijes-7151	190	19	risks	risk	NOUN
aijes-7151	190	20	.	.	PUNCT
aijes-7151	191	1	similar	similar	ADJ
aijes-7151	191	2	concerns	concern	NOUN
aijes-7151	191	3	have	have	AUX
aijes-7151	191	4	affected	affect	VERB
aijes-7151	191	5	tether	tether	NOUN
aijes-7151	191	6	(	(	PUNCT
aijes-7151	191	7	usdt	usdt	NOUN
aijes-7151	191	8	)	)	PUNCT
aijes-7151	191	9	due	due	ADP
aijes-7151	191	10	to	to	ADP
aijes-7151	191	11	doubts	doubt	NOUN
aijes-7151	191	12	over	over	ADP
aijes-7151	191	13	reserve	reserve	NOUN
aijes-7151	191	14	transparency	transparency	NOUN
aijes-7151	191	15	,	,	PUNCT
aijes-7151	191	16	as	as	ADP
aijes-7151	191	17	in	in	ADP
aijes-7151	191	18	the	the	DET
aijes-7151	191	19	october	october	PROPN
aijes-7151	191	20	2018	2018	NUM
aijes-7151	191	21	noble	noble	ADJ
aijes-7151	191	22	bank	bank	NOUN
aijes-7151	191	23	incident	incident	NOUN
aijes-7151	191	24	.	.	PUNCT
aijes-7151	192	1	legal	legal	ADJ
aijes-7151	192	2	and	and	CCONJ
aijes-7151	192	3	regulatory	regulatory	ADJ
aijes-7151	192	4	factors	factor	NOUN
aijes-7151	192	5	the	the	DET
aijes-7151	192	6	lack	lack	NOUN
aijes-7151	192	7	of	of	ADP
aijes-7151	192	8	legal	legal	ADJ
aijes-7151	192	9	clarity	clarity	NOUN
aijes-7151	192	10	and	and	CCONJ
aijes-7151	192	11	supervision	supervision	NOUN
aijes-7151	192	12	has	have	AUX
aijes-7151	192	13	led	lead	VERB
aijes-7151	192	14	to	to	ADP
aijes-7151	192	15	instability	instability	NOUN
aijes-7151	192	16	.	.	PUNCT
aijes-7151	193	1	regulatory	regulatory	ADJ
aijes-7151	193	2	crackdowns	crackdown	NOUN
aijes-7151	193	3	,	,	PUNCT
aijes-7151	193	4	such	such	ADJ
aijes-7151	193	5	as	as	ADP
aijes-7151	193	6	the	the	DET
aijes-7151	193	7	sec	sec	PROPN
aijes-7151	193	8	’s	’s	PART
aijes-7151	193	9	2023	2023	NUM
aijes-7151	193	10	action	action	NOUN
aijes-7151	193	11	against	against	ADP
aijes-7151	193	12	binance	binance	NOUN
aijes-7151	193	13	usd	usd	NOUN
aijes-7151	193	14	(	(	PUNCT
aijes-7151	193	15	busd	busd	NOUN
aijes-7151	193	16	)	)	PUNCT
aijes-7151	193	17	,	,	PUNCT
aijes-7151	193	18	caused	cause	VERB
aijes-7151	193	19	sharp	sharp	ADJ
aijes-7151	193	20	declines	decline	NOUN
aijes-7151	193	21	in	in	ADP
aijes-7151	193	22	market	market	NOUN
aijes-7151	193	23	capitalization	capitalization	NOUN
aijes-7151	193	24	.	.	PUNCT
aijes-7151	194	1	investigations	investigation	NOUN
aijes-7151	194	2	into	into	ADP
aijes-7151	194	3	tether	tether	NOUN
aijes-7151	194	4	and	and	CCONJ
aijes-7151	194	5	bitfinex	bitfinex	ADV
aijes-7151	194	6	revealed	reveal	VERB
aijes-7151	194	7	periods	period	NOUN
aijes-7151	194	8	of	of	ADP
aijes-7151	194	9	insufficient	insufficient	ADJ
aijes-7151	194	10	fiat	fiat	NOUN
aijes-7151	194	11	backing	backing	NOUN
aijes-7151	194	12	,	,	PUNCT
aijes-7151	194	13	further	far	ADV
aijes-7151	194	14	affecting	affect	VERB
aijes-7151	194	15	trust	trust	NOUN
aijes-7151	194	16	.	.	PUNCT
aijes-7151	195	1	external	external	ADJ
aijes-7151	195	2	ecosystem	ecosystem	NOUN
aijes-7151	195	3	shocks	shock	VERB
aijes-7151	195	4	contagion	contagion	NOUN
aijes-7151	195	5	from	from	ADP
aijes-7151	195	6	broader	broad	ADJ
aijes-7151	195	7	crypto	crypto	NOUN
aijes-7151	195	8	market	market	NOUN
aijes-7151	195	9	events	event	NOUN
aijes-7151	195	10	,	,	PUNCT
aijes-7151	195	11	such	such	ADJ
aijes-7151	195	12	as	as	ADP
aijes-7151	195	13	the	the	DET
aijes-7151	195	14	collapse	collapse	NOUN
aijes-7151	195	15	of	of	ADP
aijes-7151	195	16	ftx	ftx	NOUN
aijes-7151	195	17	in	in	ADP
aijes-7151	195	18	2022	2022	NUM
aijes-7151	195	19	,	,	PUNCT
aijes-7151	195	20	impacted	impact	VERB
aijes-7151	195	21	stablecoin	stablecoin	NOUN
aijes-7151	195	22	prices	price	NOUN
aijes-7151	195	23	,	,	PUNCT
aijes-7151	195	24	including	include	VERB
aijes-7151	195	25	usdt	usdt	NOUN
aijes-7151	195	26	.	.	PUNCT
aijes-7151	196	1	mass	mass	ADJ
aijes-7151	196	2	redemptions	redemption	NOUN
aijes-7151	196	3	and	and	CCONJ
aijes-7151	196	4	fear	fear	NOUN
aijes-7151	196	5	-	-	PUNCT
aijes-7151	196	6	based	base	VERB
aijes-7151	196	7	sell	sell	NOUN
aijes-7151	196	8	-	-	PUNCT
aijes-7151	196	9	offs	off	NOUN
aijes-7151	196	10	led	lead	VERB
aijes-7151	196	11	to	to	ADP
aijes-7151	196	12	temporary	temporary	ADJ
aijes-7151	196	13	de	de	X
aijes-7151	196	14	-	-	ADJ
aijes-7151	196	15	pegging	pegging	NOUN
aijes-7151	196	16	.	.	PUNCT
aijes-7151	197	1	governance	governance	NOUN
aijes-7151	197	2	and	and	CCONJ
aijes-7151	197	3	market	market	NOUN
aijes-7151	197	4	psychology	psychology	NOUN
aijes-7151	197	5	poor	poor	ADJ
aijes-7151	197	6	issuer	issuer	NOUN
aijes-7151	197	7	governance	governance	NOUN
aijes-7151	197	8	and	and	CCONJ
aijes-7151	197	9	delayed	delay	VERB
aijes-7151	197	10	responses	response	NOUN
aijes-7151	197	11	can	can	AUX
aijes-7151	197	12	erode	erode	VERB
aijes-7151	197	13	market	market	NOUN
aijes-7151	197	14	confidence	confidence	NOUN
aijes-7151	197	15	.	.	PUNCT
aijes-7151	198	1	fearinduced	fearinduce	VERB
aijes-7151	198	2	sell	sell	NOUN
aijes-7151	198	3	-	-	PUNCT
aijes-7151	198	4	offs	off	NOUN
aijes-7151	198	5	may	may	AUX
aijes-7151	198	6	lead	lead	VERB
aijes-7151	198	7	to	to	ADP
aijes-7151	198	8	self	self	NOUN
aijes-7151	198	9	-	-	PUNCT
aijes-7151	198	10	fulfilling	fulfil	VERB
aijes-7151	198	11	devaluation	devaluation	NOUN
aijes-7151	198	12	spirals	spiral	NOUN
aijes-7151	198	13	.	.	PUNCT
aijes-7151	199	1	effective	effective	ADJ
aijes-7151	199	2	communication	communication	NOUN
aijes-7151	199	3	and	and	CCONJ
aijes-7151	199	4	credible	credible	ADJ
aijes-7151	199	5	reserve	reserve	NOUN
aijes-7151	199	6	audits	audits	NOUN
aijes-7151	199	7	are	be	AUX
aijes-7151	199	8	thus	thus	ADV
aijes-7151	199	9	essential	essential	ADJ
aijes-7151	199	10	for	for	ADP
aijes-7151	199	11	maintaining	maintain	VERB
aijes-7151	199	12	peg	peg	NOUN
aijes-7151	199	13	stability	stability	NOUN
aijes-7151	199	14	.	.	PUNCT
aijes-7151	200	1	impact	impact	NOUN
aijes-7151	200	2	of	of	ADP
aijes-7151	200	3	collateralization	collateralization	NOUN
aijes-7151	200	4	mechanism	mechanism	NOUN
aijes-7151	200	5	on	on	ADP
aijes-7151	200	6	investor	investor	NOUN
aijes-7151	200	7	choice	choice	NOUN
aijes-7151	200	8	due	due	ADP
aijes-7151	200	9	to	to	ADP
aijes-7151	200	10	the	the	DET
aijes-7151	200	11	lack	lack	NOUN
aijes-7151	200	12	of	of	ADP
aijes-7151	200	13	global	global	ADJ
aijes-7151	200	14	survey	survey	NOUN
aijes-7151	200	15	data	datum	NOUN
aijes-7151	200	16	,	,	PUNCT
aijes-7151	200	17	we	we	PRON
aijes-7151	200	18	assessed	assess	VERB
aijes-7151	200	19	investor	investor	NOUN
aijes-7151	200	20	preferences	preference	NOUN
aijes-7151	200	21	through	through	ADP
aijes-7151	200	22	market	market	NOUN
aijes-7151	200	23	capitalization	capitalization	NOUN
aijes-7151	200	24	and	and	CCONJ
aijes-7151	200	25	the	the	DET
aijes-7151	200	26	nature	nature	NOUN
aijes-7151	200	27	of	of	ADP
aijes-7151	200	28	reserve	reserve	NOUN
aijes-7151	200	29	backing	backing	NOUN
aijes-7151	200	30	.	.	PUNCT
aijes-7151	201	1	our	our	PRON
aijes-7151	201	2	findings	finding	NOUN
aijes-7151	201	3	indicate	indicate	VERB
aijes-7151	201	4	that	that	SCONJ
aijes-7151	201	5	the	the	DET
aijes-7151	201	6	most	most	ADV
aijes-7151	201	7	popular	popular	ADJ
aijes-7151	201	8	stablecoins	stablecoin	NOUN
aijes-7151	201	9	—	—	PUNCT
aijes-7151	201	10	usdt	usdt	NOUN
aijes-7151	201	11	and	and	CCONJ
aijes-7151	201	12	usdc	usdc	ADJ
aijes-7151	201	13	—	—	PUNCT
aijes-7151	201	14	are	be	AUX
aijes-7151	201	15	fully	fully	ADV
aijes-7151	201	16	backed	back	VERB
aijes-7151	201	17	by	by	ADP
aijes-7151	201	18	fiat	fiat	ADJ
aijes-7151	201	19	usd	usd	NOUN
aijes-7151	201	20	reserves	reserve	NOUN
aijes-7151	201	21	.	.	PUNCT
aijes-7151	202	1	these	these	DET
aijes-7151	202	2	two	two	NUM
aijes-7151	202	3	coins	coin	NOUN
aijes-7151	202	4	jointly	jointly	ADV
aijes-7151	202	5	control	control	VERB
aijes-7151	202	6	over	over	ADP
aijes-7151	202	7	90	90	NUM
aijes-7151	202	8	%	%	NOUN
aijes-7151	202	9	of	of	ADP
aijes-7151	202	10	the	the	DET
aijes-7151	202	11	market	market	NOUN
aijes-7151	202	12	,	,	PUNCT
aijes-7151	202	13	suggesting	suggest	VERB
aijes-7151	202	14	a	a	DET
aijes-7151	202	15	strong	strong	ADJ
aijes-7151	202	16	investor	investor	NOUN
aijes-7151	202	17	preference	preference	NOUN
aijes-7151	202	18	for	for	ADP
aijes-7151	202	19	fiat	fiat	NOUN
aijes-7151	202	20	-	-	PUNCT
aijes-7151	202	21	collateralized	collateralize	VERB
aijes-7151	202	22	coins	coin	NOUN
aijes-7151	202	23	over	over	ADP
aijes-7151	202	24	crypto	crypto	NOUN
aijes-7151	202	25	-	-	ADJ
aijes-7151	202	26	backed	back	VERB
aijes-7151	202	27	or	or	CCONJ
aijes-7151	202	28	algorithmically	algorithmically	ADV
aijes-7151	202	29	stabilized	stabilize	VERB
aijes-7151	202	30	alternatives	alternative	NOUN
aijes-7151	202	31	.	.	PUNCT
aijes-7151	203	1	algorithmic	algorithmic	ADJ
aijes-7151	203	2	stablecoins	stablecoin	NOUN
aijes-7151	203	3	attract	attract	VERB
aijes-7151	203	4	the	the	DET
aijes-7151	203	5	least	least	ADJ
aijes-7151	203	6	trust	trust	NOUN
aijes-7151	203	7	due	due	ADP
aijes-7151	203	8	to	to	ADP
aijes-7151	203	9	their	their	PRON
aijes-7151	203	10	instability	instability	NOUN
aijes-7151	203	11	history	history	NOUN
aijes-7151	203	12	.	.	PUNCT
aijes-7151	204	1	julija	julija	VERB
aijes-7151	204	2	lapuh	lapuh	X
aijes-7151	204	3	bele	bele	PROPN
aijes-7151	204	4	,	,	PUNCT
aijes-7151	204	5	tanja	tanja	PROPN
aijes-7151	204	6	bele	bele	PROPN
aijes-7151	204	7	187	187	NUM
aijes-7151	204	8	conclusions	conclusion	NOUN
aijes-7151	204	9	stablecoins	stablecoin	NOUN
aijes-7151	204	10	serve	serve	VERB
aijes-7151	204	11	as	as	ADP
aijes-7151	204	12	a	a	DET
aijes-7151	204	13	bridge	bridge	NOUN
aijes-7151	204	14	between	between	ADP
aijes-7151	204	15	traditional	traditional	ADJ
aijes-7151	204	16	and	and	CCONJ
aijes-7151	204	17	decentralized	decentralize	VERB
aijes-7151	204	18	finance	finance	NOUN
aijes-7151	204	19	,	,	PUNCT
aijes-7151	204	20	playing	play	VERB
aijes-7151	204	21	an	an	DET
aijes-7151	204	22	increasingly	increasingly	ADV
aijes-7151	204	23	vital	vital	ADJ
aijes-7151	204	24	role	role	NOUN
aijes-7151	204	25	in	in	ADP
aijes-7151	204	26	global	global	ADJ
aijes-7151	204	27	financial	financial	ADJ
aijes-7151	204	28	systems	system	NOUN
aijes-7151	204	29	.	.	PUNCT
aijes-7151	205	1	their	their	PRON
aijes-7151	205	2	use	use	NOUN
aijes-7151	205	3	in	in	ADP
aijes-7151	205	4	inflation	inflation	NOUN
aijes-7151	205	5	-	-	PUNCT
aijes-7151	205	6	prone	prone	ADJ
aijes-7151	205	7	economies	economy	NOUN
aijes-7151	205	8	and	and	CCONJ
aijes-7151	205	9	international	international	ADJ
aijes-7151	205	10	payments	payment	NOUN
aijes-7151	205	11	demonstrates	demonstrate	VERB
aijes-7151	205	12	their	their	PRON
aijes-7151	205	13	practical	practical	ADJ
aijes-7151	205	14	utility	utility	NOUN
aijes-7151	205	15	and	and	CCONJ
aijes-7151	205	16	potential	potential	NOUN
aijes-7151	205	17	for	for	ADP
aijes-7151	205	18	financial	financial	ADJ
aijes-7151	205	19	inclusion	inclusion	NOUN
aijes-7151	205	20	.	.	PUNCT
aijes-7151	206	1	however	however	ADV
aijes-7151	206	2	,	,	PUNCT
aijes-7151	206	3	stablecoins	stablecoin	NOUN
aijes-7151	206	4	also	also	ADV
aijes-7151	206	5	present	present	VERB
aijes-7151	206	6	significant	significant	ADJ
aijes-7151	206	7	risks	risk	NOUN
aijes-7151	206	8	,	,	PUNCT
aijes-7151	206	9	particularly	particularly	ADV
aijes-7151	206	10	in	in	ADP
aijes-7151	206	11	the	the	DET
aijes-7151	206	12	realms	realm	NOUN
aijes-7151	206	13	of	of	ADP
aijes-7151	206	14	regulatory	regulatory	ADJ
aijes-7151	206	15	uncertainty	uncertainty	NOUN
aijes-7151	206	16	,	,	PUNCT
aijes-7151	206	17	technical	technical	ADJ
aijes-7151	206	18	flaws	flaw	NOUN
aijes-7151	206	19	,	,	PUNCT
aijes-7151	206	20	reserve	reserve	NOUN
aijes-7151	206	21	opacity	opacity	NOUN
aijes-7151	206	22	,	,	PUNCT
aijes-7151	206	23	and	and	CCONJ
aijes-7151	206	24	market	market	NOUN
aijes-7151	206	25	vulnerabilities	vulnerability	NOUN
aijes-7151	206	26	.	.	PUNCT
aijes-7151	207	1	the	the	DET
aijes-7151	207	2	dominant	dominant	ADJ
aijes-7151	207	3	market	market	NOUN
aijes-7151	207	4	share	share	NOUN
aijes-7151	207	5	of	of	ADP
aijes-7151	207	6	usdt	usdt	NOUN
aijes-7151	207	7	,	,	PUNCT
aijes-7151	207	8	despite	despite	SCONJ
aijes-7151	207	9	its	its	PRON
aijes-7151	207	10	incomplete	incomplete	ADJ
aijes-7151	207	11	regulatory	regulatory	ADJ
aijes-7151	207	12	alignment	alignment	NOUN
aijes-7151	207	13	,	,	PUNCT
aijes-7151	207	14	underscores	underscore	VERB
aijes-7151	207	15	either	either	CCONJ
aijes-7151	207	16	user	user	NOUN
aijes-7151	207	17	misinformation	misinformation	NOUN
aijes-7151	207	18	or	or	CCONJ
aijes-7151	207	19	complacency	complacency	NOUN
aijes-7151	207	20	about	about	ADP
aijes-7151	207	21	legal	legal	ADJ
aijes-7151	207	22	compliance	compliance	NOUN
aijes-7151	207	23	.	.	PUNCT
aijes-7151	208	1	the	the	DET
aijes-7151	208	2	mica	mica	PROPN
aijes-7151	208	3	regulatory	regulatory	ADJ
aijes-7151	208	4	framework	framework	NOUN
aijes-7151	208	5	introduces	introduce	VERB
aijes-7151	208	6	greater	great	ADJ
aijes-7151	208	7	safeguards	safeguard	NOUN
aijes-7151	208	8	and	and	CCONJ
aijes-7151	208	9	could	could	AUX
aijes-7151	208	10	enhance	enhance	VERB
aijes-7151	208	11	investor	investor	NOUN
aijes-7151	208	12	trust	trust	NOUN
aijes-7151	208	13	,	,	PUNCT
aijes-7151	208	14	although	although	SCONJ
aijes-7151	208	15	it	it	PRON
aijes-7151	208	16	may	may	AUX
aijes-7151	208	17	also	also	ADV
aijes-7151	208	18	constrain	constrain	VERB
aijes-7151	208	19	innovation	innovation	NOUN
aijes-7151	208	20	.	.	PUNCT
aijes-7151	209	1	the	the	DET
aijes-7151	209	2	future	future	NOUN
aijes-7151	209	3	of	of	ADP
aijes-7151	209	4	stablecoins	stablecoin	NOUN
aijes-7151	209	5	will	will	AUX
aijes-7151	209	6	depend	depend	VERB
aijes-7151	209	7	on	on	ADP
aijes-7151	209	8	a	a	DET
aijes-7151	209	9	delicate	delicate	ADJ
aijes-7151	209	10	balance	balance	NOUN
aijes-7151	209	11	between	between	ADP
aijes-7151	209	12	technological	technological	ADJ
aijes-7151	209	13	advancement	advancement	NOUN
aijes-7151	209	14	,	,	PUNCT
aijes-7151	209	15	legal	legal	ADJ
aijes-7151	209	16	clarity	clarity	NOUN
aijes-7151	209	17	,	,	PUNCT
aijes-7151	209	18	and	and	CCONJ
aijes-7151	209	19	user	user	NOUN
aijes-7151	209	20	confidence	confidence	NOUN
aijes-7151	209	21	.	.	PUNCT
aijes-7151	210	1	further	further	ADJ
aijes-7151	210	2	empirical	empirical	ADJ
aijes-7151	210	3	research	research	NOUN
aijes-7151	210	4	is	be	AUX
aijes-7151	210	5	essential	essential	ADJ
aijes-7151	210	6	to	to	PART
aijes-7151	210	7	uncover	uncover	VERB
aijes-7151	210	8	user	user	NOUN
aijes-7151	210	9	perceptions	perception	NOUN
aijes-7151	210	10	and	and	CCONJ
aijes-7151	210	11	attitudes	attitude	NOUN
aijes-7151	210	12	toward	toward	ADP
aijes-7151	210	13	different	different	ADJ
aijes-7151	210	14	stabilization	stabilization	NOUN
aijes-7151	210	15	mechanisms	mechanism	NOUN
aijes-7151	210	16	,	,	PUNCT
aijes-7151	210	17	which	which	PRON
aijes-7151	210	18	will	will	AUX
aijes-7151	210	19	likely	likely	ADV
aijes-7151	210	20	shape	shape	VERB
aijes-7151	210	21	the	the	DET
aijes-7151	210	22	trajectory	trajectory	NOUN
aijes-7151	210	23	of	of	ADP
aijes-7151	210	24	stablecoins	stablecoin	NOUN
aijes-7151	210	25	and	and	CCONJ
aijes-7151	210	26	the	the	DET
aijes-7151	210	27	broader	broad	ADJ
aijes-7151	210	28	digital	digital	ADJ
aijes-7151	210	29	asset	asset	NOUN
aijes-7151	210	30	ecosystem	ecosystem	NOUN
aijes-7151	210	31	.	.	PUNCT
aijes-7151	211	1	references	reference	NOUN
aijes-7151	211	2	1	1	NUM
aijes-7151	211	3	.	.	PUNCT
aijes-7151	212	1	adejumo	adejumo	NOUN
aijes-7151	212	2	,	,	PUNCT
aijes-7151	212	3	o.	o.	NOUN
aijes-7151	212	4	(	(	PUNCT
aijes-7151	212	5	2024a	2024a	NUM
aijes-7151	212	6	)	)	PUNCT
aijes-7151	212	7	.	.	PUNCT
aijes-7151	213	1	cryptocurrency	cryptocurrency	NOUN
aijes-7151	213	2	clarified	clarify	VERB
aijes-7151	213	3	to	to	PART
aijes-7151	213	4	be	be	AUX
aijes-7151	213	5	personal	personal	ADJ
aijes-7151	213	6	property	property	NOUN
aijes-7151	213	7	in	in	ADP
aijes-7151	213	8	china	china	PROPN
aijes-7151	213	9	,	,	PUNCT
aijes-7151	213	10	remains	remain	VERB
aijes-7151	213	11	barred	bar	VERB
aijes-7151	213	12	for	for	ADP
aijes-7151	213	13	businesses	business	NOUN
aijes-7151	213	14	.	.	PUNCT
aijes-7151	214	1	cryptoslate	cryptoslate	PROPN
aijes-7151	214	2	.	.	PUNCT
aijes-7151	215	1	https://cryptoslate.com/crypto-clarified-as-personal-property-in-chinaremains-barred-for-businesses/	https://cryptoslate.com/crypto-clarified-as-personal-property-in-chinaremains-barred-for-businesses/	PROPN
aijes-7151	215	2	2	2	NUM
aijes-7151	215	3	.	.	PUNCT
aijes-7151	215	4	adejumo	adejumo	NOUN
aijes-7151	215	5	,	,	PUNCT
aijes-7151	215	6	o.	o.	NOUN
aijes-7151	215	7	(	(	PUNCT
aijes-7151	215	8	2024b	2024b	NUM
aijes-7151	215	9	)	)	PUNCT
aijes-7151	215	10	.	.	PUNCT
aijes-7151	216	1	coinbase	coinbase	PROPN
aijes-7151	216	2	’s	’s	PART
aijes-7151	216	3	mica	mica	PROPN
aijes-7151	216	4	alignment	alignment	NOUN
aijes-7151	216	5	in	in	ADP
aijes-7151	216	6	europe	europe	PROPN
aijes-7151	216	7	to	to	PART
aijes-7151	216	8	cause	cause	VERB
aijes-7151	216	9	controversial	controversial	ADJ
aijes-7151	216	10	delisting	delisting	NOUN
aijes-7151	216	11	of	of	ADP
aijes-7151	216	12	major	major	ADJ
aijes-7151	216	13	stablecoins	stablecoin	NOUN
aijes-7151	216	14	like	like	ADP
aijes-7151	216	15	tether	tether	NOUN
aijes-7151	216	16	’s	’s	PART
aijes-7151	216	17	usdt	usdt	PROPN
aijes-7151	216	18	.	.	PUNCT
aijes-7151	216	19	cryptoslate	cryptoslate	PROPN
aijes-7151	216	20	.	.	PUNCT
aijes-7151	217	1	https://cryptoslate.com/coinbases-micaalignment-in-europe-to-delist-major-stablecoins-like-tethers-usdt/	https://cryptoslate.com/coinbases-micaalignment-in-europe-to-delist-major-stablecoins-like-tethers-usdt/	PROPN
aijes-7151	218	1	3	3	NUM
aijes-7151	218	2	.	.	X
aijes-7151	218	3	amberdata	amberdata	NOUN
aijes-7151	218	4	.	.	PUNCT
aijes-7151	219	1	(	(	PUNCT
aijes-7151	219	2	2023	2023	NUM
aijes-7151	219	3	)	)	PUNCT
aijes-7151	219	4	.	.	PUNCT
aijes-7151	220	1	moody	moody	PROPN
aijes-7151	220	2	's	's	PART
aijes-7151	220	3	investors	investor	NOUN
aijes-7151	220	4	service	service	PROPN
aijes-7151	220	5	interactive	interactive	ADJ
aijes-7151	220	6	stablecoin	stablecoin	NOUN
aijes-7151	220	7	data	datum	NOUN
aijes-7151	220	8	story	story	NOUN
aijes-7151	220	9	powered	power	VERB
aijes-7151	220	10	by	by	ADP
aijes-7151	220	11	amberdata	amberdata	NOUN
aijes-7151	220	12	.	.	PUNCT
aijes-7151	221	1	https://blog.amberdata.io/moodys-stablecoin-data-story-powered-by-amberdata	https://blog.amberdata.io/moodys-stablecoin-data-story-powered-by-amberdata	NOUN
aijes-7151	221	2	4	4	NUM
aijes-7151	221	3	.	.	X
aijes-7151	221	4	cftc	cftc	PROPN
aijes-7151	221	5	.	.	PUNCT
aijes-7151	222	1	(	(	PUNCT
aijes-7151	222	2	2021	2021	NUM
aijes-7151	222	3	,	,	PUNCT
aijes-7151	222	4	cftc	cftc	PROPN
aijes-7151	222	5	orders	order	VERB
aijes-7151	222	6	tether	tether	PROPN
aijes-7151	222	7	and	and	CCONJ
aijes-7151	222	8	bitfinex	bitfinex	ADV
aijes-7151	222	9	to	to	PART
aijes-7151	222	10	pay	pay	VERB
aijes-7151	222	11	fines	fine	NOUN
aijes-7151	222	12	totaling	total	VERB
aijes-7151	222	13	$	$	SYM
aijes-7151	222	14	42.5	42.5	NUM
aijes-7151	222	15	million	million	NUM
aijes-7151	222	16	.	.	PUNCT
aijes-7151	223	1	commodity	commodity	NOUN
aijes-7151	223	2	futures	futures	PROPN
aijes-7151	223	3	trading	trading	PROPN
aijes-7151	223	4	commission	commission	PROPN
aijes-7151	223	5	.	.	PUNCT
aijes-7151	224	1	https://www.cftc.gov/pressroom/pressreleases/8450-21	https://www.cftc.gov/pressroom/pressreleases/8450-21	PROPN
aijes-7151	224	2	5	5	X
aijes-7151	224	3	.	.	X
aijes-7151	224	4	chainalysis	chainalysis	NOUN
aijes-7151	224	5	.	.	PUNCT
aijes-7151	225	1	(	(	PUNCT
aijes-7151	225	2	2024	2024	NUM
aijes-7151	225	3	)	)	PUNCT
aijes-7151	225	4	.	.	PUNCT
aijes-7151	226	1	the	the	DET
aijes-7151	226	2	2024	2024	NUM
aijes-7151	226	3	geography	geography	NOUN
aijes-7151	226	4	of	of	ADP
aijes-7151	226	5	crypto	crypto	NOUN
aijes-7151	226	6	report	report	NOUN
aijes-7151	226	7	.	.	PUNCT
aijes-7151	227	1	chainalysis	chainalysis	NOUN
aijes-7151	227	2	:	:	PUNCT
aijes-7151	227	3	the	the	DET
aijes-7151	227	4	blockchain	blockchain	PROPN
aijes-7151	227	5	data	data	PROPN
aijes-7151	227	6	platform	platform	PROPN
aijes-7151	227	7	.	.	PUNCT
aijes-7151	228	1	https://www.chainalysis.com/	https://www.chainalysis.com/	PROPN
aijes-7151	228	2	6	6	NUM
aijes-7151	228	3	.	.	PUNCT
aijes-7151	229	1	chainalysis	chainalysis	NOUN
aijes-7151	229	2	.	.	PUNCT
aijes-7151	230	1	(	(	PUNCT
aijes-7151	230	2	2025	2025	NUM
aijes-7151	230	3	)	)	PUNCT
aijes-7151	230	4	.	.	PUNCT
aijes-7151	231	1	the	the	DET
aijes-7151	231	2	2025	2025	NUM
aijes-7151	231	3	crypto	crypto	PROPN
aijes-7151	231	4	crime	crime	NOUN
aijes-7151	231	5	report	report	NOUN
aijes-7151	231	6	.	.	PUNCT
aijes-7151	232	1	chainalysis	chainalysis	NOUN
aijes-7151	232	2	:	:	PUNCT
aijes-7151	232	3	the	the	DET
aijes-7151	232	4	blockchain	blockchain	PROPN
aijes-7151	232	5	data	data	PROPN
aijes-7151	232	6	platform	platform	NOUN
aijes-7151	232	7	.	.	PUNCT
aijes-7151	233	1	https://www.chainalysis.com/wp-content/uploads/2025/02/the-2025-crypto-crime-reportrelease.pdf	https://www.chainalysis.com/wp-content/uploads/2025/02/the-2025-crypto-crime-reportrelease.pdf	NOUN
aijes-7151	233	2	7	7	NUM
aijes-7151	233	3	.	.	PUNCT
aijes-7151	233	4	circle	circle	NOUN
aijes-7151	233	5	.	.	PUNCT
aijes-7151	234	1	(	(	PUNCT
aijes-7151	234	2	2024	2024	NUM
aijes-7151	234	3	)	)	PUNCT
aijes-7151	234	4	.	.	PUNCT
aijes-7151	235	1	usd	usd	NOUN
aijes-7151	235	2	coin	coin	NOUN
aijes-7151	235	3	(	(	PUNCT
aijes-7151	235	4	usdc	usdc	ADJ
aijes-7151	235	5	)	)	PUNCT
aijes-7151	235	6	.	.	PUNCT
aijes-7151	236	1	circle	circle	PROPN
aijes-7151	236	2	.	.	PUNCT
aijes-7151	237	1	https://www.circle.com/usdc	https://www.circle.com/usdc	X
aijes-7151	237	2	8	8	X
aijes-7151	237	3	.	.	PUNCT
aijes-7151	237	4	coincheckup	coincheckup	PROPN
aijes-7151	237	5	.	.	PUNCT
aijes-7151	238	1	(	(	PUNCT
aijes-7151	238	2	2025	2025	NUM
aijes-7151	238	3	)	)	PUNCT
aijes-7151	238	4	.	.	PUNCT
aijes-7151	239	1	total	total	ADJ
aijes-7151	239	2	crypto	crypto	PROPN
aijes-7151	239	3	market	market	NOUN
aijes-7151	239	4	capitalization	capitalization	NOUN
aijes-7151	239	5	,	,	PUNCT
aijes-7151	239	6	volume	volume	NOUN
aijes-7151	239	7	charts	chart	NOUN
aijes-7151	239	8	and	and	CCONJ
aijes-7151	239	9	global	global	ADJ
aijes-7151	239	10	cryptocurrency	cryptocurrency	NOUN
aijes-7151	239	11	overview	overview	NOUN
aijes-7151	239	12	.	.	PUNCT
aijes-7151	240	1	https://coincheckup.com/global	https://coincheckup.com/global	PROPN
aijes-7151	240	2	9	9	NUM
aijes-7151	240	3	.	.	PUNCT
aijes-7151	240	4	coingecko	coingecko	PROPN
aijes-7151	240	5	.	.	PUNCT
aijes-7151	241	1	(	(	PUNCT
aijes-7151	241	2	2024	2024	NUM
aijes-7151	241	3	)	)	PUNCT
aijes-7151	241	4	.	.	PUNCT
aijes-7151	242	1	state	state	NOUN
aijes-7151	242	2	of	of	ADP
aijes-7151	242	3	stablecoins	stablecoin	NOUN
aijes-7151	242	4	:	:	PUNCT
aijes-7151	242	5	2024	2024	NUM
aijes-7151	242	6	.	.	PUNCT
aijes-7151	243	1	coingecko	coingecko	PROPN
aijes-7151	243	2	.	.	PUNCT
aijes-7151	244	1	https://www.coingecko.com/research/publications/state-of-stablecoins-2024	https://www.coingecko.com/research/publications/state-of-stablecoins-2024	NOUN
aijes-7151	244	2	10	10	NUM
aijes-7151	244	3	.	.	PUNCT
aijes-7151	244	4	coinmarketcap	coinmarketcap	NOUN
aijes-7151	244	5	.	.	PUNCT
aijes-7151	245	1	(	(	PUNCT
aijes-7151	245	2	2024	2024	NUM
aijes-7151	245	3	)	)	PUNCT
aijes-7151	245	4	.	.	PUNCT
aijes-7151	246	1	tether	tether	NOUN
aijes-7151	246	2	(	(	PUNCT
aijes-7151	246	3	usdt	usdt	NOUN
aijes-7151	246	4	)	)	PUNCT
aijes-7151	246	5	.	.	PUNCT
aijes-7151	247	1	coinmarketcap	coinmarketcap	VERB
aijes-7151	247	2	.	.	PUNCT
aijes-7151	248	1	https://coinmarketcap.com/currencies/tether/	https://coinmarketcap.com/currencies/tether/	ADJ
aijes-7151	248	2	11	11	NUM
aijes-7151	248	3	.	.	PUNCT
aijes-7151	249	1	coinmarketcap	coinmarketcap	NOUN
aijes-7151	249	2	.	.	PUNCT
aijes-7151	250	1	(	(	PUNCT
aijes-7151	250	2	2025a	2025a	NUM
aijes-7151	250	3	)	)	PUNCT
aijes-7151	250	4	.	.	PUNCT
aijes-7151	251	1	crypto	crypto	PROPN
aijes-7151	251	2	market	market	NOUN
aijes-7151	251	3	overview	overview	NOUN
aijes-7151	251	4	.	.	PUNCT
aijes-7151	252	1	coinmarketcap	coinmarketcap	NOUN
aijes-7151	252	2	.	.	PUNCT
aijes-7151	253	1	https://coinmarketcap.com/charts/	https://coinmarketcap.com/charts/	ADV
aijes-7151	253	2	12	12	NUM
aijes-7151	253	3	.	.	PUNCT
aijes-7151	254	1	coinmarketcap	coinmarketcap	NOUN
aijes-7151	254	2	.	.	PUNCT
aijes-7151	255	1	(	(	PUNCT
aijes-7151	255	2	2025b	2025b	NUM
aijes-7151	255	3	)	)	PUNCT
aijes-7151	255	4	.	.	PUNCT
aijes-7151	256	1	top	top	ADJ
aijes-7151	256	2	stablecoin	stablecoin	NOUN
aijes-7151	256	3	tokens	token	NOUN
aijes-7151	256	4	by	by	ADP
aijes-7151	256	5	market	market	NOUN
aijes-7151	256	6	capitalization	capitalization	NOUN
aijes-7151	256	7	.	.	PUNCT
aijes-7151	257	1	coinmarketcap	coinmarketcap	NOUN
aijes-7151	257	2	.	.	PUNCT
aijes-7151	258	1	https://coinmarketcap.com/view/stablecoin/	https://coinmarketcap.com/view/stablecoin/	PROPN
aijes-7151	258	2	13	13	NUM
aijes-7151	258	3	.	.	PUNCT
aijes-7151	259	1	coinmarketcap	coinmarketcap	NOUN
aijes-7151	259	2	.	.	PUNCT
aijes-7151	260	1	(	(	PUNCT
aijes-7151	260	2	2025c	2025c	NUM
aijes-7151	260	3	)	)	PUNCT
aijes-7151	260	4	.	.	PUNCT
aijes-7151	261	1	top	top	ADJ
aijes-7151	261	2	algorithmic	algorithmic	ADJ
aijes-7151	261	3	stablecoin	stablecoin	NOUN
aijes-7151	261	4	tokens	token	NOUN
aijes-7151	261	5	by	by	ADP
aijes-7151	261	6	market	market	NOUN
aijes-7151	261	7	capitalization	capitalization	NOUN
aijes-7151	261	8	.	.	PUNCT
aijes-7151	262	1	coinmarketcap	coinmarketcap	NOUN
aijes-7151	262	2	.	.	PUNCT
aijes-7151	263	1	https://coinmarketcap.com/view/algorithmic-stablecoin/	https://coinmarketcap.com/view/algorithmic-stablecoin/	NOUN
aijes-7151	263	2	14	14	NUM
aijes-7151	263	3	.	.	PUNCT
aijes-7151	264	1	coinmarketcap	coinmarketcap	NOUN
aijes-7151	264	2	.	.	PUNCT
aijes-7151	265	1	(	(	PUNCT
aijes-7151	265	2	2025d	2025d	NUM
aijes-7151	265	3	)	)	PUNCT
aijes-7151	265	4	.	.	PUNCT
aijes-7151	266	1	charts	chart	NOUN
aijes-7151	266	2	.	.	PUNCT
aijes-7151	267	1	coinmarketcap	coinmarketcap	PROPN
aijes-7151	267	2	.	.	PUNCT
aijes-7151	268	1	https://coinmarketcap.com/charts/	https://coinmarketcap.com/charts/	ADV
aijes-7151	268	2	15	15	NUM
aijes-7151	268	3	.	.	PUNCT
aijes-7151	269	1	coinspaidmedia	coinspaidmedia	PROPN
aijes-7151	269	2	.	.	PUNCT
aijes-7151	270	1	(	(	PUNCT
aijes-7151	270	2	2025	2025	NUM
aijes-7151	270	3	)	)	PUNCT
aijes-7151	270	4	.	.	PUNCT
aijes-7151	271	1	eu	eu	PROPN
aijes-7151	271	2	approves	approve	VERB
aijes-7151	271	3	15	15	NUM
aijes-7151	271	4	stablecoins	stablecoin	NOUN
aijes-7151	271	5	under	under	ADP
aijes-7151	271	6	mica	mica	NOUN
aijes-7151	271	7	regulations	regulation	NOUN
aijes-7151	271	8	.	.	PUNCT
aijes-7151	272	1	coinspaid	coinspaid	PROPN
aijes-7151	272	2	.	.	PUNCT
aijes-7151	273	1	https://coinspaidmedia.com/news/15-stablecoins-comply-mica-regulations-eu/	https://coinspaidmedia.com/news/15-stablecoins-comply-mica-regulations-eu/	VERB
aijes-7151	273	2	16	16	NUM
aijes-7151	273	3	.	.	PUNCT
aijes-7151	274	1	congress.gov	congress.gov	X
aijes-7151	274	2	.	.	PUNCT
aijes-7151	275	1	(	(	PUNCT
aijes-7151	275	2	2023	2023	NUM
aijes-7151	275	3	)	)	PUNCT
aijes-7151	275	4	.	.	PUNCT
aijes-7151	276	1	h.r.4766	h.r.4766	PROPN
aijes-7151	276	2	clarity	clarity	NOUN
aijes-7151	276	3	for	for	ADP
aijes-7151	276	4	payment	payment	NOUN
aijes-7151	276	5	stablecoins	stablecoin	NOUN
aijes-7151	276	6	act	act	NOUN
aijes-7151	276	7	of	of	ADP
aijes-7151	276	8	2023	2023	NUM
aijes-7151	276	9	.	.	PUNCT
aijes-7151	277	1	https://www.congress.gov/bill/118th-congress/house-bill/4766	https://www.congress.gov/bill/118th-congress/house-bill/4766	PROPN
aijes-7151	277	2	https://cryptoslate.com/crypto-clarified-as-personal-property-in-china-remains-barred-for-businesses/	https://cryptoslate.com/crypto-clarified-as-personal-property-in-china-remains-barred-for-businesses/	PROPN
aijes-7151	277	3	https://cryptoslate.com/crypto-clarified-as-personal-property-in-china-remains-barred-for-businesses/	https://cryptoslate.com/crypto-clarified-as-personal-property-in-china-remains-barred-for-businesses/	PROPN
aijes-7151	277	4	https://cryptoslate.com/coinbases-mica-alignment-in-europe-to-delist-major-stablecoins-like-tethers-usdt/	https://cryptoslate.com/coinbases-mica-alignment-in-europe-to-delist-major-stablecoins-like-tethers-usdt/	NOUN
aijes-7151	277	5	https://cryptoslate.com/coinbases-mica-alignment-in-europe-to-delist-major-stablecoins-like-tethers-usdt/	https://cryptoslate.com/coinbases-mica-alignment-in-europe-to-delist-major-stablecoins-like-tethers-usdt/	NOUN
aijes-7151	277	6	https://blog.amberdata.io/moodys-stablecoin-data-story-powered-by-amberdata	https://blog.amberdata.io/moodys-stablecoin-data-story-powered-by-amberdata	VERB
aijes-7151	277	7	https://www.cftc.gov/pressroom/pressreleases/8450-21	https://www.cftc.gov/pressroom/pressreleases/8450-21	PROPN
aijes-7151	277	8	https://www.chainalysis.com/	https://www.chainalysis.com/	NOUN
aijes-7151	277	9	https://www.chainalysis.com/wp-content/uploads/2025/02/the-2025-crypto-crime-report-release.pdf	https://www.chainalysis.com/wp-content/uploads/2025/02/the-2025-crypto-crime-report-release.pdf	PROPN
aijes-7151	277	10	https://www.chainalysis.com/wp-content/uploads/2025/02/the-2025-crypto-crime-report-release.pdf	https://www.chainalysis.com/wp-content/uploads/2025/02/the-2025-crypto-crime-report-release.pdf	PROPN
aijes-7151	277	11	https://coincheckup.com/global	https://coincheckup.com/global	PROPN
aijes-7151	277	12	https://www.coingecko.com/research/publications/state-of-stablecoins-2024	https://www.coingecko.com/research/publications/state-of-stablecoins-2024	NOUN
aijes-7151	277	13	https://coinmarketcap.com/currencies/tether/	https://coinmarketcap.com/currencies/tether/	PROPN
aijes-7151	277	14	https://coinmarketcap.com/charts/	https://coinmarketcap.com/charts/	INTJ
aijes-7151	277	15	https://coinmarketcap.com/view/stablecoin/	https://coinmarketcap.com/view/stablecoin/	PROPN
aijes-7151	277	16	https://coinmarketcap.com/view/algorithmic-stablecoin/	https://coinmarketcap.com/view/algorithmic-stablecoin/	PROPN
aijes-7151	277	17	https://coinmarketcap.com/charts/	https://coinmarketcap.com/charts/	ADV
aijes-7151	277	18	https://coinspaidmedia.com/news/15-stablecoins-comply-mica-regulations-eu/	https://coinspaidmedia.com/news/15-stablecoins-comply-mica-regulations-eu/	VERB
aijes-7151	277	19	https://www.congress.gov/bill/118th-congress/house-bill/4766	https://www.congress.gov/bill/118th-congress/house-bill/4766	PROPN
aijes-7151	277	20	the	the	DET
aijes-7151	277	21	impact	impact	NOUN
aijes-7151	277	22	of	of	ADP
aijes-7151	277	23	stablecoins	stablecoin	NOUN
aijes-7151	277	24	on	on	ADP
aijes-7151	277	25	global	global	ADJ
aijes-7151	277	26	finance	finance	NOUN
aijes-7151	277	27	188	188	NUM
aijes-7151	277	28	17	17	NUM
aijes-7151	277	29	.	.	PUNCT
aijes-7151	278	1	evropski	evropski	PROPN
aijes-7151	278	2	parlament	parlament	PROPN
aijes-7151	278	3	.	.	PUNCT
aijes-7151	279	1	(	(	PUNCT
aijes-7151	279	2	2023	2023	NUM
aijes-7151	279	3	)	)	PUNCT
aijes-7151	279	4	.	.	PUNCT
aijes-7151	280	1	regulation	regulation	NOUN
aijes-7151	280	2	on	on	ADP
aijes-7151	280	3	markets	market	NOUN
aijes-7151	280	4	in	in	ADP
aijes-7151	280	5	crypto	crypto	NOUN
aijes-7151	280	6	-	-	NOUN
aijes-7151	280	7	assets	asset	NOUN
aijes-7151	280	8	(	(	PUNCT
aijes-7151	280	9	mica	mica	NOUN
aijes-7151	280	10	)	)	PUNCT
aijes-7151	280	11	.	.	PUNCT
aijes-7151	281	1	https://eurlex.europa.eu/legal-content/sl/txt/pdf/?uri=celex:32023r1114	https://eurlex.europa.eu/legal-content/sl/txt/pdf/?uri=celex:32023r1114	PRON
aijes-7151	281	2	18	18	NUM
aijes-7151	281	3	.	.	PUNCT
aijes-7151	281	4	europol	europol	NOUN
aijes-7151	281	5	.	.	PUNCT
aijes-7151	282	1	(	(	PUNCT
aijes-7151	282	2	2024	2024	NUM
aijes-7151	282	3	)	)	PUNCT
aijes-7151	282	4	.	.	PUNCT
aijes-7151	283	1	internet	internet	NOUN
aijes-7151	283	2	organised	organise	VERB
aijes-7151	283	3	crime	crime	NOUN
aijes-7151	283	4	threat	threat	NOUN
aijes-7151	283	5	assessment	assessment	NOUN
aijes-7151	283	6	(	(	PUNCT
aijes-7151	283	7	iocta	iocta	PROPN
aijes-7151	283	8	)	)	PUNCT
aijes-7151	283	9	2024	2024	NUM
aijes-7151	283	10	.	.	PUNCT
aijes-7151	284	1	https://www.europol.europa.eu/cms/sites/default/files/documents/internet%20organised%20crim	https://www.europol.europa.eu/cms/sites/default/files/documents/internet%20organised%20crim	PROPN
aijes-7151	285	1	e%20threat%20assessment%20iocta%202024.pdf	e%20threat%20assessment%20iocta%202024.pdf	PROPN
aijes-7151	285	2	19	19	NUM
aijes-7151	285	3	.	.	PUNCT
aijes-7151	286	1	hayes	hayes	PROPN
aijes-7151	286	2	,	,	PUNCT
aijes-7151	286	3	a.	a.	NOUN
aijes-7151	286	4	(	(	PUNCT
aijes-7151	286	5	2024	2024	NUM
aijes-7151	286	6	)	)	PUNCT
aijes-7151	286	7	.	.	PUNCT
aijes-7151	287	1	stablecoins	stablecoin	NOUN
aijes-7151	287	2	:	:	PUNCT
aijes-7151	287	3	definition	definition	NOUN
aijes-7151	287	4	,	,	PUNCT
aijes-7151	287	5	how	how	SCONJ
aijes-7151	287	6	they	they	PRON
aijes-7151	287	7	work	work	VERB
aijes-7151	287	8	,	,	PUNCT
aijes-7151	287	9	and	and	CCONJ
aijes-7151	287	10	types	type	NOUN
aijes-7151	287	11	.	.	PUNCT
aijes-7151	288	1	investopedia	investopedia	PROPN
aijes-7151	288	2	.	.	PUNCT
aijes-7151	289	1	https://www.investopedia.com/terms/s/stablecoin.asp	https://www.investopedia.com/terms/s/stablecoin.asp	NOUN
aijes-7151	289	2	20	20	NUM
aijes-7151	289	3	.	.	PUNCT
aijes-7151	290	1	howcroft	howcroft	PROPN
aijes-7151	290	2	,	,	PUNCT
aijes-7151	290	3	e.	e.	PROPN
aijes-7151	290	4	,	,	PUNCT
aijes-7151	290	5	&	&	CCONJ
aijes-7151	290	6	jaiswal	jaiswal	PROPN
aijes-7151	290	7	,	,	PUNCT
aijes-7151	290	8	r.	r.	PROPN
aijes-7151	290	9	(	(	PUNCT
aijes-7151	290	10	2023	2023	NUM
aijes-7151	290	11	)	)	PUNCT
aijes-7151	290	12	.	.	PUNCT
aijes-7151	291	1	circle	circle	NOUN
aijes-7151	291	2	assures	assure	VERB
aijes-7151	291	3	market	market	NOUN
aijes-7151	291	4	after	after	ADP
aijes-7151	291	5	stablecoin	stablecoin	ADJ
aijes-7151	291	6	usdc	usdc	ADJ
aijes-7151	291	7	breaks	break	NOUN
aijes-7151	291	8	dollar	dollar	NOUN
aijes-7151	291	9	peg	peg	NOUN
aijes-7151	291	10	.	.	PUNCT
aijes-7151	292	1	reuters	reuters	PROPN
aijes-7151	292	2	.	.	PUNCT
aijes-7151	292	3	https://www.reuters.com/business/crypto-firm-circle-reveals-33-bln-exposuresilicon-valley-bank-2023-03-11	https://www.reuters.com/business/crypto-firm-circle-reveals-33-bln-exposuresilicon-valley-bank-2023-03-11	PROPN
aijes-7151	292	4	21	21	NUM
aijes-7151	292	5	.	.	PUNCT
aijes-7151	293	1	imf	imf	PROPN
aijes-7151	293	2	(	(	PUNCT
aijes-7151	293	3	2021	2021	NUM
aijes-7151	293	4	)	)	PUNCT
aijes-7151	293	5	.	.	PUNCT
aijes-7151	294	1	covid-19	covid-19	PROPN
aijes-7151	294	2	,	,	PUNCT
aijes-7151	294	3	crypto	crypto	NOUN
aijes-7151	294	4	,	,	PUNCT
aijes-7151	294	5	and	and	CCONJ
aijes-7151	294	6	climate	climate	NOUN
aijes-7151	294	7	,	,	PUNCT
aijes-7151	294	8	navigating	navigate	VERB
aijes-7151	294	9	challenging	challenging	ADJ
aijes-7151	294	10	transitions	transition	NOUN
aijes-7151	294	11	.	.	PUNCT
aijes-7151	295	1	https://www.imf.org/en/publications/gfsr/issues/2021/10/12/global-financial-stability-reportoctober-2021	https://www.imf.org/en/publications/gfsr/issues/2021/10/12/global-financial-stability-reportoctober-2021	NOUN
aijes-7151	295	2	22	22	NUM
aijes-7151	295	3	.	.	PUNCT
aijes-7151	296	1	kwon	kwon	PROPN
aijes-7151	296	2	,	,	PUNCT
aijes-7151	296	3	j.	j.	PROPN
aijes-7151	296	4	h.	h.	PROPN
aijes-7151	296	5	,	,	PUNCT
aijes-7151	296	6	&	&	CCONJ
aijes-7151	296	7	kim	kim	PROPN
aijes-7151	296	8	,	,	PUNCT
aijes-7151	296	9	s.	s.	PROPN
aijes-7151	296	10	h.	h.	PROPN
aijes-7151	296	11	(	(	PUNCT
aijes-7151	296	12	2024	2024	NUM
aijes-7151	296	13	)	)	PUNCT
aijes-7151	296	14	.	.	PUNCT
aijes-7151	297	1	algorithmic	algorithmic	ADJ
aijes-7151	297	2	stablecoins	stablecoin	NOUN
aijes-7151	297	3	:	:	PUNCT
aijes-7151	297	4	mechanisms	mechanism	NOUN
aijes-7151	297	5	and	and	CCONJ
aijes-7151	297	6	market	market	NOUN
aijes-7151	297	7	impact	impact	NOUN
aijes-7151	297	8	.	.	PUNCT
aijes-7151	298	1	journal	journal	NOUN
aijes-7151	298	2	of	of	ADP
aijes-7151	298	3	financial	financial	ADJ
aijes-7151	298	4	stability	stability	NOUN
aijes-7151	298	5	,	,	PUNCT
aijes-7151	298	6	58	58	NUM
aijes-7151	298	7	,	,	PUNCT
aijes-7151	298	8	100	100	NUM
aijes-7151	298	9	-	-	SYM
aijes-7151	298	10	115	115	NUM
aijes-7151	298	11	.	.	PUNCT
aijes-7151	299	1	https://doi.org/10.1016/j.jfs.2024.100115	https://doi.org/10.1016/j.jfs.2024.100115	PROPN
aijes-7151	299	2	23	23	NUM
aijes-7151	299	3	.	.	PUNCT
aijes-7151	300	1	lang	lang	PROPN
aijes-7151	300	2	,	,	PUNCT
aijes-7151	300	3	h.	h.	PROPN
aijes-7151	300	4	,	,	PUNCT
aijes-7151	300	5	wilson	wilson	PROPN
aijes-7151	300	6	,	,	PUNCT
aijes-7151	300	7	t.	t.	PROPN
aijes-7151	300	8	,	,	PUNCT
aijes-7151	300	9	howcroft	howcroft	PROPN
aijes-7151	300	10	,	,	PUNCT
aijes-7151	300	11	elizabeth	elizabeth	PROPN
aijes-7151	300	12	.	.	PUNCT
aijes-7151	300	13	(	(	PUNCT
aijes-7151	300	14	2023	2023	NUM
aijes-7151	300	15	)	)	PUNCT
aijes-7151	300	16	.	.	PUNCT
aijes-7151	301	1	binance	binance	PROPN
aijes-7151	301	2	stablecoin	stablecoin	PROPN
aijes-7151	301	3	backer	backer	NOUN
aijes-7151	301	4	says	say	VERB
aijes-7151	301	5	u.s	u.s	PROPN
aijes-7151	301	6	.	.	PROPN
aijes-7151	301	7	sec	sec	PROPN
aijes-7151	301	8	has	have	AUX
aijes-7151	301	9	labeled	label	VERB
aijes-7151	301	10	token	token	VERB
aijes-7151	301	11	an	an	DET
aijes-7151	301	12	unregistered	unregistered	ADJ
aijes-7151	301	13	security	security	NOUN
aijes-7151	301	14	.	.	PUNCT
aijes-7151	302	1	reuters	reuter	NOUN
aijes-7151	302	2	.	.	PUNCT
aijes-7151	303	1	https://www.reuters.com/technology/binancestablecoin-backer-ordered-stop-issuing-token-binance-ceo-2023-02-13	https://www.reuters.com/technology/binancestablecoin-backer-ordered-stop-issuing-token-binance-ceo-2023-02-13	PROPN
aijes-7151	303	2	24	24	NUM
aijes-7151	303	3	.	.	PUNCT
aijes-7151	304	1	lapuh	lapuh	X
aijes-7151	304	2	bele	bele	PROPN
aijes-7151	304	3	,	,	PUNCT
aijes-7151	304	4	julija	julija	NOUN
aijes-7151	304	5	.	.	PUNCT
aijes-7151	305	1	(	(	PUNCT
aijes-7151	305	2	2021	2021	NUM
aijes-7151	305	3	)	)	PUNCT
aijes-7151	305	4	.	.	PUNCT
aijes-7151	306	1	temna	temna	VERB
aijes-7151	306	2	stran	stran	PROPN
aijes-7151	306	3	digitalizacije	digitalizacije	PROPN
aijes-7151	306	4	.	.	PUNCT
aijes-7151	307	1	v	v	NOUN
aijes-7151	307	2	:	:	PUNCT
aijes-7151	307	3	devjak	devjak	ADV
aijes-7151	307	4	,	,	PUNCT
aijes-7151	307	5	tatjana	tatjana	PROPN
aijes-7151	307	6	(	(	PUNCT
aijes-7151	307	7	ur	ur	INTJ
aijes-7151	307	8	.	.	PUNCT
aijes-7151	307	9	)	)	PUNCT
aijes-7151	307	10	.	.	PUNCT
aijes-7151	308	1	pravo	pravo	NOUN
aijes-7151	308	2	in	in	ADP
aijes-7151	308	3	management	management	NOUN
aijes-7151	308	4	v	v	ADP
aijes-7151	308	5	pogojih	pogojih	ADJ
aijes-7151	308	6	digitalnega	digitalnega	ADJ
aijes-7151	308	7	poslovanja	poslovanja	PROPN
aijes-7151	308	8	i.	i.	PROPN
aijes-7151	308	9	elektronska	elektronska	PROPN
aijes-7151	308	10	izd	izd	PROPN
aijes-7151	308	11	.	.	PUNCT
aijes-7151	309	1	ljubljana	ljubljana	PROPN
aijes-7151	309	2	:	:	PUNCT
aijes-7151	309	3	mlc	mlc	PROPN
aijes-7151	309	4	fakulteta	fakulteta	PROPN
aijes-7151	309	5	za	za	PROPN
aijes-7151	309	6	management	management	NOUN
aijes-7151	309	7	in	in	ADP
aijes-7151	309	8	pravo	pravo	NOUN
aijes-7151	309	9	,	,	PUNCT
aijes-7151	309	10	2021	2021	NUM
aijes-7151	309	11	.	.	PUNCT
aijes-7151	310	1	str	str	NOUN
aijes-7151	310	2	.	.	PUNCT
aijes-7151	311	1	125	125	NUM
aijes-7151	311	2	-	-	SYM
aijes-7151	311	3	144	144	NUM
aijes-7151	311	4	.	.	PUNCT
aijes-7151	312	1	25	25	NUM
aijes-7151	312	2	.	.	PUNCT
aijes-7151	313	1	lapuh	lapuh	X
aijes-7151	313	2	bele	bele	PROPN
aijes-7151	313	3	,	,	PUNCT
aijes-7151	313	4	julija	julija	NOUN
aijes-7151	313	5	,	,	PUNCT
aijes-7151	313	6	turk	turk	PROPN
aijes-7151	313	7	,	,	PUNCT
aijes-7151	313	8	boštjan	boštjan	PROPN
aijes-7151	313	9	j.	j.	PROPN
aijes-7151	313	10	(	(	PUNCT
aijes-7151	313	11	2024	2024	NUM
aijes-7151	313	12	)	)	PUNCT
aijes-7151	313	13	.	.	PUNCT
aijes-7151	314	1	pametne	pametne	PROPN
aijes-7151	314	2	pogodbe	pogodbe	VERB
aijes-7151	314	3	.	.	PUNCT
aijes-7151	315	1	v	v	X
aijes-7151	315	2	:	:	PUNCT
aijes-7151	315	3	devjak	devjak	ADV
aijes-7151	315	4	,	,	PUNCT
aijes-7151	315	5	tatjana	tatjana	PROPN
aijes-7151	315	6	(	(	PUNCT
aijes-7151	315	7	ur	ur	INTJ
aijes-7151	315	8	.	.	PROPN
aijes-7151	315	9	)	)	PUNCT
aijes-7151	315	10	,	,	PUNCT
aijes-7151	315	11	bohinc	bohinc	NOUN
aijes-7151	315	12	,	,	PUNCT
aijes-7151	315	13	rado	rado	PROPN
aijes-7151	315	14	.	.	PROPN
aijes-7151	315	15	pravo	pravo	PROPN
aijes-7151	315	16	in	in	ADP
aijes-7151	315	17	management	management	NOUN
aijes-7151	315	18	v	v	ADP
aijes-7151	315	19	pogojih	pogojih	ADJ
aijes-7151	315	20	digitalnega	digitalnega	ADJ
aijes-7151	315	21	poslovanja	poslovanja	PROPN
aijes-7151	315	22	iii	iii	PROPN
aijes-7151	315	23	.	.	PUNCT
aijes-7151	316	1	ljubljana	ljubljana	PROPN
aijes-7151	316	2	:	:	PUNCT
aijes-7151	316	3	mlc	mlc	PROPN
aijes-7151	316	4	fakulteta	fakulteta	PROPN
aijes-7151	316	5	za	za	PROPN
aijes-7151	316	6	management	management	NOUN
aijes-7151	316	7	in	in	ADP
aijes-7151	316	8	pravo	pravo	PROPN
aijes-7151	316	9	,	,	PUNCT
aijes-7151	316	10	2024	2024	NUM
aijes-7151	316	11	.	.	PUNCT
aijes-7151	317	1	str	str	NOUN
aijes-7151	317	2	.	.	PUNCT
aijes-7151	318	1	146	146	NUM
aijes-7151	318	2	-	-	SYM
aijes-7151	318	3	170	170	NUM
aijes-7151	318	4	.	.	PUNCT
aijes-7151	319	1	26	26	NUM
aijes-7151	319	2	.	.	X
aijes-7151	320	1	lapuh	lapuh	X
aijes-7151	320	2	bele	bele	X
aijes-7151	320	3	,	,	PUNCT
aijes-7151	320	4	julija	julija	NOUN
aijes-7151	320	5	(	(	PUNCT
aijes-7151	320	6	2025	2025	NUM
aijes-7151	320	7	)	)	PUNCT
aijes-7151	320	8	.	.	PUNCT
aijes-7151	321	1	evolucija	evolucija	VERB
aijes-7151	321	2	kriptovalut	kriptovalut	PROPN
aijes-7151	321	3	v	v	ADP
aijes-7151	321	4	zakonite	zakonite	PROPN
aijes-7151	321	5	finančne	finančne	PROPN
aijes-7151	321	6	instrumente	instrumente	X
aijes-7151	321	7	.	.	PUNCT
aijes-7151	322	1	v	v	X
aijes-7151	322	2	:	:	PUNCT
aijes-7151	322	3	devjak	devjak	ADV
aijes-7151	322	4	,	,	PUNCT
aijes-7151	322	5	tatjana	tatjana	PROPN
aijes-7151	322	6	(	(	PUNCT
aijes-7151	322	7	ur	ur	INTJ
aijes-7151	322	8	.	.	PUNCT
aijes-7151	322	9	)	)	PUNCT
aijes-7151	322	10	.	.	PUNCT
aijes-7151	323	1	pravo	pravo	NOUN
aijes-7151	323	2	in	in	ADP
aijes-7151	323	3	management	management	NOUN
aijes-7151	323	4	v	v	ADP
aijes-7151	323	5	pogojih	pogojih	ADJ
aijes-7151	323	6	digitalnega	digitalnega	ADJ
aijes-7151	323	7	poslovanja	poslovanja	NOUN
aijes-7151	323	8	iv	iv	NOUN
aijes-7151	323	9	.	.	PUNCT
aijes-7151	323	10	elektronska	elektronska	PROPN
aijes-7151	323	11	izd	izd	PROPN
aijes-7151	323	12	.	.	PUNCT
aijes-7151	324	1	ljubljana	ljubljana	PROPN
aijes-7151	324	2	:	:	PUNCT
aijes-7151	324	3	mlc	mlc	PROPN
aijes-7151	324	4	fakulteta	fakulteta	PROPN
aijes-7151	324	5	za	za	PROPN
aijes-7151	324	6	management	management	NOUN
aijes-7151	324	7	in	in	ADP
aijes-7151	324	8	pravo	pravo	NOUN
aijes-7151	324	9	,	,	PUNCT
aijes-7151	324	10	2021	2021	NUM
aijes-7151	324	11	.	.	PUNCT
aijes-7151	325	1	str	str	NOUN
aijes-7151	325	2	.	.	PUNCT
aijes-7151	326	1	39	39	NUM
aijes-7151	326	2	-	-	SYM
aijes-7151	326	3	54	54	NUM
aijes-7151	326	4	.	.	PUNCT
aijes-7151	327	1	27	27	NUM
aijes-7151	327	2	.	.	X
aijes-7151	328	1	malwa	malwa	PROPN
aijes-7151	328	2	,	,	PUNCT
aijes-7151	328	3	shaurya	shaurya	NOUN
aijes-7151	328	4	.	.	PUNCT
aijes-7151	329	1	(	(	PUNCT
aijes-7151	329	2	2022	2022	NUM
aijes-7151	329	3	)	)	PUNCT
aijes-7151	329	4	.	.	PUNCT
aijes-7151	330	1	tether	tether	PROPN
aijes-7151	330	2	's	's	PART
aijes-7151	330	3	usdt	usdt	NOUN
aijes-7151	330	4	stablecoin	stablecoin	NOUN
aijes-7151	330	5	drops	drop	VERB
aijes-7151	330	6	3	3	NUM
aijes-7151	330	7	%	%	NOUN
aijes-7151	330	8	below	below	ADP
aijes-7151	330	9	$	$	SYM
aijes-7151	330	10	1	1	NUM
aijes-7151	330	11	peg	peg	NOUN
aijes-7151	330	12	.	.	PUNCT
aijes-7151	331	1	coindesk	coindesk	PROPN
aijes-7151	331	2	.	.	PUNCT
aijes-7151	332	1	https://www.coindesk.com/markets/2022/11/10/tethers-usdt-stablecoin-slips-from-1-peg	https://www.coindesk.com/markets/2022/11/10/tethers-usdt-stablecoin-slips-from-1-peg	NOUN
aijes-7151	332	2	28	28	NUM
aijes-7151	332	3	.	.	PUNCT
aijes-7151	333	1	mattos	mattos	PROPN
aijes-7151	333	2	,	,	PUNCT
aijes-7151	333	3	k.	k.	PROPN
aijes-7151	333	4	(	(	PUNCT
aijes-7151	333	5	2023	2023	NUM
aijes-7151	333	6	)	)	PUNCT
aijes-7151	333	7	.	.	PUNCT
aijes-7151	334	1	explaining	explain	VERB
aijes-7151	334	2	stablecoins	stablecoin	NOUN
aijes-7151	334	3	:	:	PUNCT
aijes-7151	334	4	the	the	DET
aijes-7151	334	5	holy	holy	ADJ
aijes-7151	334	6	grail	grail	NOUN
aijes-7151	334	7	of	of	ADP
aijes-7151	334	8	cryptocurrency	cryptocurrency	NOUN
aijes-7151	334	9	.	.	PUNCT
aijes-7151	335	1	getwox	getwox	NOUN
aijes-7151	335	2	.	.	PUNCT
aijes-7151	336	1	https://www.getwox.com/sl/explaining-stablecoins-the-holy-grail-of-cryptocurrency/	https://www.getwox.com/sl/explaining-stablecoins-the-holy-grail-of-cryptocurrency/	PRON
aijes-7151	336	2	29	29	NUM
aijes-7151	336	3	.	.	PUNCT
aijes-7151	337	1	mcmahon	mcmahon	PROPN
aijes-7151	337	2	,	,	PUNCT
aijes-7151	337	3	t.	t.	PROPN
aijes-7151	337	4	(	(	PUNCT
aijes-7151	337	5	2023	2023	NUM
aijes-7151	337	6	)	)	PUNCT
aijes-7151	337	7	.	.	PUNCT
aijes-7151	338	1	worldwide	worldwide	ADJ
aijes-7151	338	2	inflation	inflation	NOUN
aijes-7151	338	3	by	by	ADP
aijes-7151	338	4	country	country	NOUN
aijes-7151	338	5	in	in	ADP
aijes-7151	338	6	2023	2023	NUM
aijes-7151	338	7	.	.	PUNCT
aijes-7151	339	1	inflationdata	inflationdata	ADJ
aijes-7151	339	2	.	.	PUNCT
aijes-7151	340	1	https://inflationdata.com/articles/2023/12/19/worldwide-inflation-by-country-in-2023/	https://inflationdata.com/articles/2023/12/19/worldwide-inflation-by-country-in-2023/	PROPN
aijes-7151	340	2	30	30	NUM
aijes-7151	340	3	.	.	PUNCT
aijes-7151	341	1	moody	moody	PROPN
aijes-7151	341	2	's	's	PART
aijes-7151	341	3	.	.	PUNCT
aijes-7151	342	1	(	(	PUNCT
aijes-7151	342	2	2023	2023	NUM
aijes-7151	342	3	)	)	PUNCT
aijes-7151	342	4	.	.	PUNCT
aijes-7151	343	1	stablecoins	stablecoin	NOUN
aijes-7151	343	2	have	have	AUX
aijes-7151	343	3	been	be	AUX
aijes-7151	343	4	unstable	unstable	ADJ
aijes-7151	343	5	.	.	PUNCT
aijes-7151	344	1	why	why	SCONJ
aijes-7151	344	2	?	?	PUNCT
aijes-7151	345	1	moody	moody	NOUN
aijes-7151	345	2	’s	’s	PART
aijes-7151	345	3	.	.	PUNCT
aijes-7151	346	1	https://www.moodys.com/web/en/us/about/insights/data-stories/stablecoins-instability.html	https://www.moodys.com/web/en/us/about/insights/data-stories/stablecoins-instability.html	PROPN
aijes-7151	346	2	31	31	NUM
aijes-7151	346	3	.	.	PUNCT
aijes-7151	347	1	mitra	mitra	PROPN
aijes-7151	347	2	,	,	PUNCT
aijes-7151	347	3	m.	m.	NOUN
aijes-7151	347	4	(	(	PUNCT
aijes-7151	347	5	2022	2022	NUM
aijes-7151	347	6	)	)	PUNCT
aijes-7151	347	7	.	.	PUNCT
aijes-7151	348	1	crypto	crypto	PROPN
aijes-7151	348	2	might	might	AUX
aijes-7151	348	3	be	be	AUX
aijes-7151	348	4	the	the	DET
aijes-7151	348	5	future	future	NOUN
aijes-7151	348	6	of	of	ADP
aijes-7151	348	7	finance	finance	NOUN
aijes-7151	348	8	.	.	PUNCT
aijes-7151	349	1	but	but	CCONJ
aijes-7151	349	2	that	that	PRON
aijes-7151	349	3	's	be	AUX
aijes-7151	349	4	not	not	PART
aijes-7151	349	5	why	why	SCONJ
aijes-7151	349	6	most	most	ADJ
aijes-7151	349	7	people	people	NOUN
aijes-7151	349	8	buy	buy	VERB
aijes-7151	349	9	it	it	PRON
aijes-7151	349	10	.	.	PUNCT
aijes-7151	350	1	money	money	NOUN
aijes-7151	350	2	.	.	PUNCT
aijes-7151	351	1	https://money.com/why-buy-crypto-survey/	https://money.com/why-buy-crypto-survey/	PROPN
aijes-7151	351	2	32	32	NUM
aijes-7151	351	3	.	.	PUNCT
aijes-7151	352	1	nakamoto	nakamoto	NOUN
aijes-7151	352	2	,	,	PUNCT
aijes-7151	352	3	s.	s.	PROPN
aijes-7151	352	4	(	(	PUNCT
aijes-7151	352	5	2008	2008	NUM
aijes-7151	352	6	)	)	PUNCT
aijes-7151	352	7	.	.	PUNCT
aijes-7151	353	1	bitcoin	bitcoin	NOUN
aijes-7151	353	2	:	:	PUNCT
aijes-7151	353	3	a	a	DET
aijes-7151	353	4	peer	peer	NOUN
aijes-7151	353	5	-	-	PUNCT
aijes-7151	353	6	to	to	ADP
aijes-7151	353	7	-	-	PUNCT
aijes-7151	353	8	peer	peer	NOUN
aijes-7151	353	9	electronic	electronic	ADJ
aijes-7151	353	10	cash	cash	NOUN
aijes-7151	353	11	system	system	NOUN
aijes-7151	353	12	.	.	PUNCT
aijes-7151	354	1	https://bitcoin.org/bitcoin.pdf	https://bitcoin.org/bitcoin.pdf	PROPN
aijes-7151	354	2	33	33	NUM
aijes-7151	354	3	.	.	PUNCT
aijes-7151	355	1	sharma	sharma	PROPN
aijes-7151	355	2	,	,	PUNCT
aijes-7151	355	3	r.	r.	PROPN
aijes-7151	355	4	(	(	PUNCT
aijes-7151	355	5	2024	2024	NUM
aijes-7151	355	6	)	)	PUNCT
aijes-7151	355	7	.	.	PUNCT
aijes-7151	356	1	what	what	PRON
aijes-7151	356	2	is	be	AUX
aijes-7151	356	3	decentralized	decentralize	VERB
aijes-7151	356	4	finance	finance	NOUN
aijes-7151	356	5	(	(	PUNCT
aijes-7151	356	6	defi	defi	PROPN
aijes-7151	356	7	)	)	PUNCT
aijes-7151	356	8	and	and	CCONJ
aijes-7151	356	9	how	how	SCONJ
aijes-7151	356	10	does	do	AUX
aijes-7151	356	11	it	it	PRON
aijes-7151	356	12	work	work	VERB
aijes-7151	356	13	?	?	PUNCT
aijes-7151	356	14	.	.	PUNCT
aijes-7151	357	1	investopedia	investopedia	PROPN
aijes-7151	357	2	.	.	PUNCT
aijes-7151	358	1	https://www.investopedia.com/decentralized-finance-defi-5113835	https://www.investopedia.com/decentralized-finance-defi-5113835	NOUN
aijes-7151	358	2	34	34	NUM
aijes-7151	358	3	.	.	PUNCT
aijes-7151	358	4	tether	tether	PROPN
aijes-7151	358	5	.	.	PUNCT
aijes-7151	359	1	(	(	PUNCT
aijes-7151	359	2	2025a	2025a	NUM
aijes-7151	359	3	)	)	PUNCT
aijes-7151	359	4	.	.	PUNCT
aijes-7151	360	1	why	why	SCONJ
aijes-7151	360	2	use	use	VERB
aijes-7151	360	3	tether	tether	NOUN
aijes-7151	360	4	.	.	PUNCT
aijes-7151	361	1	tether	tether	PROPN
aijes-7151	361	2	.	.	PUNCT
aijes-7151	362	1	https://tether.to/en/why-tether	https://tether.to/en/why-tether	PROPN
aijes-7151	363	1	35	35	NUM
aijes-7151	363	2	.	.	PUNCT
aijes-7151	364	1	tether	tether	NOUN
aijes-7151	364	2	.	.	PUNCT
aijes-7151	365	1	(	(	PUNCT
aijes-7151	365	2	2025b	2025b	NUM
aijes-7151	365	3	)	)	PUNCT
aijes-7151	365	4	.	.	PUNCT
aijes-7151	366	1	tether	tether	NOUN
aijes-7151	366	2	token	token	VERB
aijes-7151	366	3	.	.	PUNCT
aijes-7151	367	1	tether	tether	PROPN
aijes-7151	367	2	.	.	PUNCT
aijes-7151	368	1	https://tether.to/en/	https://tether.to/en/	PROPN
aijes-7151	368	2	36	36	NUM
aijes-7151	368	3	.	.	PUNCT
aijes-7151	369	1	wynn	wynn	PROPN
aijes-7151	369	2	,	,	PUNCT
aijes-7151	369	3	s.	s.	PROPN
aijes-7151	369	4	(	(	PUNCT
aijes-7151	369	5	2024	2024	NUM
aijes-7151	369	6	)	)	PUNCT
aijes-7151	369	7	.	.	PUNCT
aijes-7151	370	1	banks	bank	NOUN
aijes-7151	370	2	are	be	AUX
aijes-7151	370	3	in	in	ADP
aijes-7151	370	4	and	and	CCONJ
aijes-7151	370	5	tether	tether	NOUN
aijes-7151	370	6	could	could	AUX
aijes-7151	370	7	fade	fade	VERB
aijes-7151	370	8	if	if	SCONJ
aijes-7151	370	9	latest	late	ADJ
aijes-7151	370	10	stablecoin	stablecoin	PROPN
aijes-7151	370	11	bill	bill	PROPN
aijes-7151	370	12	passes	pass	VERB
aijes-7151	370	13	:	:	PUNCT
aijes-7151	370	14	s&p	s&p	PROPN
aijes-7151	370	15	global	global	NOUN
aijes-7151	370	16	.	.	PUNCT
aijes-7151	371	1	the	the	DET
aijes-7151	371	2	block	block	NOUN
aijes-7151	371	3	.	.	PUNCT
aijes-7151	372	1	https://www.theblock.co/post/290706/banks-are-in-and-tether-could-fade-if-lateststablecoin-bill-passes-sp-global?utm_source=chatgpt.com	https://www.theblock.co/post/290706/banks-are-in-and-tether-could-fade-if-lateststablecoin-bill-passes-sp-global?utm_source=chatgpt.com	X
aijes-7151	372	2	https://eur-lex.europa.eu/legal-content/sl/txt/pdf/?uri=celex:32023r1114	https://eur-lex.europa.eu/legal-content/sl/txt/pdf/?uri=celex:32023r1114	NOUN
aijes-7151	372	3	https://eur-lex.europa.eu/legal-content/sl/txt/pdf/?uri=celex:32023r1114	https://eur-lex.europa.eu/legal-content/sl/txt/pdf/?uri=celex:32023r1114	PROPN
aijes-7151	372	4	https://www.europol.europa.eu/cms/sites/default/files/documents/internet%20organised%20crime%20threat%20assessment%20iocta%202024.pdf	https://www.europol.europa.eu/cms/sites/default/files/documents/internet%20organised%20crime%20threat%20assessment%20iocta%202024.pdf	PROPN
aijes-7151	372	5	https://www.europol.europa.eu/cms/sites/default/files/documents/internet%20organised%20crime%20threat%20assessment%20iocta%202024.pdf	https://www.europol.europa.eu/cms/sites/default/files/documents/internet%20organised%20crime%20threat%20assessment%20iocta%202024.pdf	NOUN
aijes-7151	372	6	https://www.investopedia.com/terms/s/stablecoin.asp	https://www.investopedia.com/terms/s/stablecoin.asp	NOUN
aijes-7151	372	7	https://www.reuters.com/business/crypto-firm-circle-reveals-33-bln-exposure-silicon-valley-bank-2023-03-11	https://www.reuters.com/business/crypto-firm-circle-reveals-33-bln-exposure-silicon-valley-bank-2023-03-11	NOUN
aijes-7151	372	8	https://www.reuters.com/business/crypto-firm-circle-reveals-33-bln-exposure-silicon-valley-bank-2023-03-11	https://www.reuters.com/business/crypto-firm-circle-reveals-33-bln-exposure-silicon-valley-bank-2023-03-11	VERB
aijes-7151	372	9	https://www.imf.org/en/publications/gfsr/issues/2021/10/12/global-financial-stability-report-october-2021	https://www.imf.org/en/publications/gfsr/issues/2021/10/12/global-financial-stability-report-october-2021	NOUN
aijes-7151	372	10	https://www.imf.org/en/publications/gfsr/issues/2021/10/12/global-financial-stability-report-october-2021	https://www.imf.org/en/publications/gfsr/issues/2021/10/12/global-financial-stability-report-october-2021	NOUN
aijes-7151	372	11	https://doi.org/10.1016/j.jfs.2024.100115	https://doi.org/10.1016/j.jfs.2024.100115	PROPN
aijes-7151	372	12	https://www.reuters.com/technology/binance-stablecoin-backer-ordered-stop-issuing-token-binance-ceo-2023-02-13	https://www.reuters.com/technology/binance-stablecoin-backer-ordered-stop-issuing-token-binance-ceo-2023-02-13	PROPN
aijes-7151	372	13	https://www.reuters.com/technology/binance-stablecoin-backer-ordered-stop-issuing-token-binance-ceo-2023-02-13	https://www.reuters.com/technology/binance-stablecoin-backer-ordered-stop-issuing-token-binance-ceo-2023-02-13	PROPN
aijes-7151	372	14	https://www.coindesk.com/markets/2022/11/10/tethers-usdt-stablecoin-slips-from-1-peg	https://www.coindesk.com/markets/2022/11/10/tethers-usdt-stablecoin-slips-from-1-peg	NOUN
aijes-7151	373	1	https://www.getwox.com/sl/explaining-stablecoins-the-holy-grail-of-cryptocurrency/	https://www.getwox.com/sl/explaining-stablecoins-the-holy-grail-of-cryptocurrency/	PROPN
aijes-7151	373	2	https://inflationdata.com/articles/2023/12/19/worldwide-inflation-by-country-in-2023/	https://inflationdata.com/articles/2023/12/19/worldwide-inflation-by-country-in-2023/	PROPN
aijes-7151	373	3	https://www.moodys.com/web/en/us/about/insights/data-stories/stablecoins-instability.html	https://www.moodys.com/web/en/us/about/insights/data-stories/stablecoins-instability.html	PROPN
aijes-7151	373	4	https://money.com/why-buy-crypto-survey/	https://money.com/why-buy-crypto-survey/	PROPN
aijes-7151	373	5	https://bitcoin.org/bitcoin.pdf	https://bitcoin.org/bitcoin.pdf	PROPN
aijes-7151	373	6	https://www.investopedia.com/decentralized-finance-defi-5113835	https://www.investopedia.com/decentralized-finance-defi-5113835	PROPN
aijes-7151	373	7	https://tether.to/en/why-tether	https://tether.to/en/why-tether	PROPN
aijes-7151	373	8	https://tether.to/en/	https://tether.to/en/	PROPN
aijes-7151	373	9	https://www.theblock.co/post/290706/banks-are-in-and-tether-could-fade-if-latest-stablecoin-bill-passes-sp-global?utm_source=chatgpt.com	https://www.theblock.co/post/290706/banks-are-in-and-tether-could-fade-if-latest-stablecoin-bill-passes-sp-global?utm_source=chatgpt.com	X
aijes-7151	373	10	https://www.theblock.co/post/290706/banks-are-in-and-tether-could-fade-if-latest-stablecoin-bill-passes-sp-global?utm_source=chatgpt.com	https://www.theblock.co/post/290706/banks-are-in-and-tether-could-fade-if-latest-stablecoin-bill-passes-sp-global?utm_source=chatgpt.com	X