Bloomberg (Crypto)Federal Reserve Governor Stephen Miran said the growth of stablecoins could over time put substantial downward pressure on the neutral interest rate that would neither stimulate nor restrict the economy.
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Stablecoins may increase demand for Treasuries, impacting monetary policy decisions. Officials urge collaboration among regulators to manage stablecoins' effects on the economy. Continue Reading: Fede...
The Federal Reserve governor argued that stablecoins' increasing demand for dollar-tied assets such as Treasuries will force monetary policy decisions.
