2 links tagged with all of: stablecoins + monetary-policy
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Federal Reserve Governor Stephen Miran highlighted the potential for stablecoins to significantly influence U.S. monetary policy, predicting a demand surge of up to $3 trillion by the decade's end. He argues that this demand will affect dollar assets and may strengthen the dollar, necessitating policy adjustments.
The Bank for International Settlements claims that stablecoins fail to meet three essential criteria for monetary systems: singleness, elasticity, and integrity. Despite concerns about their potential to undermine financial integrity and national sovereignty, the BIS acknowledges the transformative potential of tokenization in traditional finance.