Fed Governor Predicts Multi-Trillion Dollar Stablecoin Boom Will Force Down US Interest Rates
A senior U.S. Federal Reserve official has warned that the explosive progress of stablecoins, dollar-pegged digital tokens now processing trillions of {dollars} in funds, may reshape international finance and exert long-term downward stress on U.S. rates of interest. In a speech titled “A Global Stablecoin Glut: Implications for Monetary Policy” delivered on the BCVC Summit…
