news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Crypto.com CRO Coin Price News Today – Cronos Technical Analysis Update Now and Price Prediction!

    Crypto.com CRO Coin Price News Today – Cronos Technical Analysis Update Now and Price Prediction!

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Crypto.com CRO Coin Price News Today – Cronos Technical Analysis Update Now and Price Prediction!

    Crypto.com CRO Coin Price News Today – Cronos Technical Analysis Update Now and Price Prediction!

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

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

Terraform Labs co-founder Do Kwon arrested in Montenegro – The Washington Post

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

1inch Network co-founder to crypto newbies: 'Don't trust anyone … – Investing.com

March 23, 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

Terraform Labs co-founder Do Kwon arrested in Montenegro – The Washington Post

by admin
March 24, 2023
0

Terraform Labs co-founder Do Kwon arrested in Montenegro  The Washington Post

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

1inch Network co-founder to crypto newbies: 'Don't trust anyone … – Investing.com

by admin
March 23, 2023
0

1inch Network co-founder to crypto newbies: 'Don't trust anyone ...  Investing.com

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

SEC's new crypto suit alleges market manipulating wash trading – Axios

by admin
March 23, 2023
0

SEC's new crypto suit alleges market manipulating wash trading  Axios

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

Why is Cardano price up today? – Cointelegraph

by admin
March 22, 2023
0

Why is Cardano price up today?  Cointelegraph

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

There's no need to fear, cryptocurrency is here – Pro Bono Australia

by admin
March 22, 2023
0

There's no need to fear, cryptocurrency is here  Pro Bono Australia

Load More
  • Trending
  • Comments
  • Latest

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

March 2, 2022

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

March 3, 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
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
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

'Can't get their act together': Crypto firms slam SEC, Washington for lack of clarity on rules – CNBC

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

Crypto founder Do Kwon indicted in US following Montenegro arrest – Reuters

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

Terraform Labs co-founder Do Kwon arrested in Montenegro – The Washington Post

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

Crypto Crackdown: SEC Warns Exchanges They 'May Be Subject To … – Investing.com UK

March 23, 2023

Latest News

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

'Can't get their act together': Crypto firms slam SEC, Washington for lack of clarity on rules – CNBC

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

Crypto founder Do Kwon indicted in US following Montenegro arrest – Reuters

March 24, 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