Deploying Stablecoins for Good: Paths to Shared Prosperity with Blockchain

Abstract

How can managers, social entrepreneurs, and policymakers seeking to use stablecoins find guidance to advance shared prosperity? Drawing on case studies of Mercy Corps Ventures, Coala Pay, Endaoment, and Regen Foundation, this article demonstrates that stablecoins are most effective when they solve specific coordination and payment problems. The cases illustrate how stablecoins can improve access, reduce transaction costs, strengthen transparency while preserving privacy, and sustain credibility, but only when leaders select high-quality stablecoins and build complementary implementation capabilities, such as digital literacy initiatives and local partnerships for off-ramping. These examples offer a framework for deploying stablecoins in ways that build resilience.