U.S. Federal Reserve Says Stablecoins Might Aid Financial Stability

2019-11-18 01:00

The U. S. Federal Reserve published its latest Financial Stability Report and its assessment of stablecoins is surprisingly positive. Stablecoins as a class include dollar-pegged cryptocurrencies like Tether, which are backed by traditional assets.

Though the Reserve doesn’t drop names, it is mainly concerned with stablecoins that have global relevance. The report is surprisingly optimistic: it […]

The post U. S. Federal Reserve Says Stablecoins Might Aid Financial Stability appeared first on Crypto Briefing.

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