The Daily Hodl
2022-05-10 22:01:31

Federal Reserve Says Private Stablecoins Vulnerable to Runs in New Report

The U.S. Federal Reserve is voicing concerns about the viability of cryptocurrency stablecoins and is suggesting the utility of government-backed alternatives. In a wide-ranging report discussing financial stability across numerous economic sectors, the Fed identifies risks associated with so-called stablecoins, which advertise themselves as being pegged to the value of the US dollar. While citing […]The post Federal Reserve Says Private Stablecoins Vulnerable to Runs in New Report appeared first on The Daily Hodl.

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