Stablecoins Are Booming -- And The Fed Thinks They Could Cut Rates
Federal Reserve Governor Stephen Miran said growing demand for dollar-pegged stablecoins could push down interest rates, putting a new factor on the Fed's radar. Related Reading: US Gov't Shutdown Deal Sparks Hope For Crypto Market Relief According to a speech he gave at the BCVC Summit on November 7, stablecoins that channel savings into dollar [...]
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