The Cambridge Centre for Alternative Finance (CCAF) has launched the Cambridge Digital Money Dashboard, an open-access tool focusing initially on stablecoins. The CCAF operates under the University of Cambridge Judge Business School, and is focused on the growth and progression of alternative finance.
The Digital Money Dashboard offers near real-time data and insights into the stablecoin market. The site is focused on educating individuals on digital money and adoption, and also covers several core sections, including:
Digital Money 101 - This section examines money's complex nature, influenced by various contexts and digital currencies' rise, aiming to navigate readers through changes, risks, and opportunities, highlighting money's impact on society and promising future in-depth exploration.
Adoption - This section hones in on the adoption of stablecoins since 2020 and presents key metrics, such as up-to-date aggregate supply and transfer date activity, of stablecoins.
Risk & protections - The Dashboard outlines indicators to understanding risks associated with stablecoins, focusing on historical peg stability. It features a Peg Stability Chart which tracks stablecoin price deviations since 2019, inviting users to explore price behavior and deviations.
The Dashboard is a powerful tool that showcases complex concepts in an easy to digest, interactive way. The Digital Money 101 section provides a comprehensive overview of different types of money, issuers, and technology as well as the monetary system generally and digital money instruments.
The Risks & protections section effectively explains complex concepts such as price deviations, peg stability indicators, and the impact of reserve asset compositions on stablecoin stability, making these topics understandable for a broad audience. This approach equips readers with an understanding of the function of stablecoins, and how they may lose their pegging, such as in the cases of USDC and Luna.
Importantly, the Dashboard provides information on regulatory regimes in the United States, European Union, United Kingdom and Singapore. The interactive table provides links to source material and information on what these jurisdictions are doing to regulate digital assets.
The Dashboard is an extremely useful tool designed to assist people in understanding the complexities of digital finance created and promoted by one of the world's most prestigious universities.
By Michael Bacina, Steven Pettigrove and Luke Misthos