news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Beldex cryptocurrency fact check  in tamil | monero coin | bitcoin |crypto update |crypto scam

    Beldex cryptocurrency fact check in tamil | monero coin | bitcoin |crypto update |crypto scam

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Beldex cryptocurrency fact check  in tamil | monero coin | bitcoin |crypto update |crypto scam

    Beldex cryptocurrency fact check in tamil | monero coin | bitcoin |crypto update |crypto scam

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

No Result
View All Result
news4global
No Result
View All Result
Home Market

Stablecoins Could Coexist With a Digital Dollar, Says Fed’s Brainard

May 26, 2022
Reading Time: 3 mins read
0
Stablecoins Could Coexist With a Digital Dollar, Says Fed’s Brainard
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

How To Trade Bitcoin In June 2023 – Forbes Advisor UK – Forbes

June 6, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Asian stocks wobble as traders weigh Fed rate pause option – Economic Times

June 6, 2023
  • A US digital dollar could someday operate alongside stablecoins, Fed Vice Chair Lael Brainard said Thursday. 
  • Her Capitol Hill testimony followed an eruption in the cryptocurrency market surrounding the collapse of algorithmic stablecoin terraUSD. 
  • Officials should consider how the potential absence or presence of a US CBDC could affect usage of the greenback in global payments, she said. 
Loading Something is loading.

A digitized US dollar could someday operate alongside stablecoins,


Federal Reserve

Vice Chair Lael Brainard told lawmakers on Thursday, after the cryptocurrency market was roiled earlier this month when privately issued stablecoins lost their pegs to the dollar. 

“In some future circumstances, CBDC could coexist with and be complementary to stablecoins and commercial bank money by providing a safe central bank liability in the digital financial ecosystem, much like cash currently coexists with commercial bank money,” Brainard said in prepared remarks for testimony on Capitol Hill. A CBDC is a digital banknote issued by a central bank. 

There’s been “explosive growth” in an emergent digital financial system, and if private monies, in the form of either stablecoins or cryptocurrencies, were to become widespread, there could be fragmentation of the US payment system into so-called walled gardens, she said. Brainard, who in April won Senate confirmation for a four-year term as the central bank’s vice chair, testified before the House Financial Services Committee.

Stablecoins have been a hot topic in the financial markets, particularly in recent days as investors watched the collapse of algorithmic stablecoin terraUSD and its sister coin luna. Terra earlier this month lost its peg to the US dollar and the market’s turbulence spread to stablecoin Tether, sending the market’s third most valuable cryptocurrency briefly below its $1 peg before it regained parity. 

News came Thursday that Terra supporters voted to approve founder Do Kwon’s plan for a new blockchain for its luna cryptocurrency, without reviving the failed terraUSD.

“The recent turmoil in crypto financial markets makes clear that the actions we take now—whether on the regulatory framework or a digital dollar—should be robust to the future evolution of the financial system,” said Brainard. 

The Federal Reserve in January published a report laying out the potential benefits and risks of fully digitizing the US dollar but hasn’t sided for or against a CBDC. 

The US dollar is ​​the most widely used currency in international payments and investments, and Brainard said US officials should consider how the potential absence or presence of a US CBDC could affect the usage of the dollar in global payments. 

“A US CBDC may be one potential way to ensure that people around the world who use the dollar can continue to rely on the strength and safety of the US currency to transact and conduct business in the digital financial system,” she said.

Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

How To Trade Bitcoin In June 2023 – Forbes Advisor UK – Forbes

by admin
June 6, 2023
0

How To Trade Bitcoin In June 2023 – Forbes Advisor UK  Forbes

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Asian stocks wobble as traders weigh Fed rate pause option – Economic Times

by admin
June 6, 2023
0

Asian stocks wobble as traders weigh Fed rate pause option  Economic Times

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

SEC Claims Solana, Polygon, Cardano Are Securities in Binance Lawsuit – Decrypt

by admin
June 5, 2023
0

SEC Claims Solana, Polygon, Cardano Are Securities in Binance Lawsuit  Decrypt

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

China EV market share hits 27 percent as tax breaks extended – The Register

by admin
June 5, 2023
0

China EV market share hits 27 percent as tax breaks extended  The Register

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

India's Largest Paint Company Turns 2125% Ex-Dividend This Week – Investing.com India

by admin
June 4, 2023
0

India's Largest Paint Company Turns 2125% Ex-Dividend This Week  Investing.com India

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Internal Blast Probably Breached Ukraine Dam, Experts Say (Cautiously)

Your Wednesday Briefing

June 7, 2023
PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

June 7, 2023
Canada wildfire smoke threatens health of millions

Canada wildfire smoke threatens health of millions

June 7, 2023
Tunisian black women: ‘My skin colour says I don’t belong’

Tunisian black women: ‘My skin colour says I don’t belong’

June 7, 2023

Latest News

Internal Blast Probably Breached Ukraine Dam, Experts Say (Cautiously)

Your Wednesday Briefing

June 7, 2023
PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

June 7, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global