The Fed cites worries about stablecoin in its latest Financial | Crypto California Club
The Fed cites worries about stablecoin in its latest Financial Stability Report.
The report points out stablecoin’s possible low stress resistance and overuse in leveraged cyptocurrency trading, reiterates its position on CBDC.
The United States Federal Reserve Board released its semiannual Financial Stability Report on Monday.
The report points to the volatility on commodities markets brought on by the Russian invasion of Ukraine, the spread of the omicron variant of COVID-19 and “higher and more persistent than expected” inflation as sources of instability.
