...Congcong Bo; Xiao Li; Youwei Li; Xinning Liang Purpose This paper aims to systematically investigate and compare the hedge and safe-haven properties of stablecoins against international indices. It distinguishes itself from the existing literature by examining how risk-mitigation capabilities...

... that the performance of the Chinese market differs from advanced markets. This study shows that gold is a safe haven and can be viewed as an asset to hedge against policy uncertainty and geopolitical risk in Chinese financial markets. Social implications This study identify the special role for the gold prices...