A Qualitative Deep Dive into Swedish Financial Stakeholders’ Sensemaking of Stablecoins

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dc.contributor.authorPersson, Melissa
dc.contributor.authorLundskog, Marcus
dc.contributor.departmentChalmers tekniska högskola / Institutionen för teknikens ekonomi och organisationsv
dc.contributor.departmentChalmers University of Technology / Department of Technology Management and Economicsen
dc.contributor.examinerOllila, Susanne
dc.contributor.supervisorOllila, Susanne
dc.date.accessioned2024-06-11T11:43:18Z
dc.date.available2024-06-11T11:43:18Z
dc.date.issued2024
dc.date.submitted
dc.description.abstractGlobal financial transactions face persistent challenges, including high costs, slow processing times, limited accessibility, and a lack of transparency, often taking 1-3 banking days to complete depending on the destination. These inefficiencies have spurred innovations outside traditional banking, notably the development of stable- coins. Stablecoins leverage blockchain technology and are a digital form of money designed to maintain a stable value by being pegged to assets, such as fiat currencies or commodities. The market valuation of stablecoins has surged from around $ 5 billion to nearly $ 200 billion in two years, showcasing stablecoins growing impact on the financial sector. The potential path of stablecoins reaching mass adoption involves not only economic challenges but also a complex political battleground. This thesis’ aim is to contribute to the currently scarce research regarding sensemak- ing of how representatives of Swedish financial stakeholders perceive and anticipate the emergence of stablecoins. Employing a qualitative research design, this study gathered data through semi-structured interviews with key representatives from the Swedish financial sector. The findings reveals that perceptions of stablecoins are influenced by actor dynam- ics, individual factors, and technical aspects, with regulatory actors playing a pivotal role. Furthermore, through these influencing factors the study revealed that there exists a market divide characterized by "us versus them" mentality. This divide could grow, complicating regulatory collaboration and stifling innovation, potentially driv- ing innovators abroad to more favorable judicial environments in the future. The conclusion underscores the need for enhanced collaboration, open debate, mutual understanding and learning among market actors to maintain a well-functioning and competitive Swedish financial market.
dc.identifier.coursecodeTEKX08
dc.identifier.urihttp://hdl.handle.net/20.500.12380/307771
dc.language.isoeng
dc.setspec.uppsokTechnology
dc.subjectStablecoins
dc.subjectSensemaking
dc.subjectSensegiving
dc.subjectSensebreaking
dc.subjectDigital Currencies
dc.subjectCryptocurrencies
dc.subjectBlockchain Technology
dc.subjectGioia Methodology
dc.subjectTechnical Aspects
dc.subjectIndividual Factors
dc.subjectActor Dynamics,
dc.subjectStablecoins Future Implementation
dc.titleA Qualitative Deep Dive into Swedish Financial Stakeholders’ Sensemaking of Stablecoins
dc.type.degreeExamensarbete för masterexamensv
dc.type.degreeMaster's Thesisen
dc.type.uppsokH
local.programmeManagement and economics of innovation (MPMEI), MSc
local.programmeQuality and operations management (MPQOM), MSc
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