Stablecoins Are Booming — And The Fed Thinks They Could Cut Rates
Federal Reserve Governor Stephen Miran mentioned rising demand for dollar-pegged stablecoins might push down interest rates, placing a brand new issue on the Fed’s radar. According to a speech he gave on the BCVC Summit on November 7, stablecoins that channel financial savings into greenback belongings could elevate the provision of loanable funds and decrease…
