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Financial Innovation

Table 2 Results of the unit root tests

From: On the role of stablecoins in cryptoasset pricing dynamics

 

Original

Standardized

ADF stat

p value

lags

ADF stat

p value

lags

Cryptoassets

− 1.2659

0.6474

0

− 1.0846

0.7240

0

Bitcoin

− 1.1708

0.6891

0

− 1.3491

0.6085

0

Altcoins

− 1.3426

0.6116

0

− 0.9150

0.7839

0

Stablecoins

− 0.6740

0.8512

0

− 0.7533

0.8312

0

USDT

− 1.7611

0.4003

0

− 0.8301

0.8099

0

  1. The augmented (Dickey and Fuller 1979) test is performed on the original (logarithmic) series (left panel) and the standardized ones (integrated demeaned and standardized logarithmic differences of the original series, right panel). The optimal number of lags for the test is based on BIC (also shown in the table)
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