For a civil class action related to an alleged manipulation of cryptocurrencies, Brattle was engaged to research, analyze, and opine on the economics of stablecoins, cryptocurrencies, or digital assets whose values are tied to real assets held in reserve, and the markets in which stablecoins and other cryptocurrencies trade. Brattle opined on the market structure of crypto-exchanges and the use of stablecoins to contribute to price discovery via increased speed of transfers within and across such exchanges. Brattle also provided an econometric causation analysis evaluating the relationship between issuances of stablecoins and price returns of cryptocurrencies.