U.S. Federal Reserve Raises Concerns About the ‘Fragility’ of Stablecoins Amid Crypto Market Crash

U.S. Federal Reserve Raises Concerns About the ‘Fragility’ of Stablecoins Amid Crypto Market Crash


The Daily Hodl
2022-06-18 20:00:36

The U.S. Federal Reserve is issuing another warning about stablecoins amid the current crypto market crash. In a monetary policy report sent to Congress, the Fed’s Board of Governors say recent strains in the crypto market have “highlighted the structural fragilities” of stablecoins and other digital assets. The Fed also argues that stablecoins present a […]The post U.S. Federal Reserve Raises Concerns About the ‘Fragility’ of Stablecoins Amid Crypto Market Crash appeared first on The Daily Hodl.