Format Online paper / PDF
Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 10: BUILDING-BLOCK REALITY New Rails on the Block

"The earliest known stablecoin conceptualization was J.R. Willett’s 2012 Second Bitcoin Whitepaper, which proposed a Bitcoin-layer currency pegged to external values."

Wharton BDAP identifies Willett's 2012 proposal as the earliest known stablecoin conceptualization and notes that he later created Mastercoin to enable such virtual currencies.

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Source title The Stablecoin Toolkit - Part I: Financial and Market Dimensions
Source authors Wharton Blockchain and Digital Asset Project
Source year 2026
Confidence high
Importance high
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