Stablecoin demand is growing, and it can push down interest rates: Fed’s Miran
Federal Reserve Governor Stephen Miran argued that stablecoins’ potential multi-trillion-dollar growth over the next five years will help push down interest rates.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Federal Reserve Governor Stephen Miran argued that stablecoins’ potential multi-trillion-dollar growth over the next five years will help push down interest rates.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
$55 million Aave stablecoin pool sees just $4.4 million available for withdrawals
Aave's USDT0 stablecoin lending pool on the Monad network displayed a 6.10% annual percentage rate over the weekend, but only abou...
MEXC migrates $RIO reserves from Algorand to Ethereum at 1:1 ratio
The migration to Ethereum could enhance $RIO's market stability and accessibility, potentially attracting more users and developer...
Chainlink co-founder joins panel at Federal Reserve event alongside BlackRock, Vanguard executives
The collaboration signals a shift towards integrating blockchain into mainstream finance, potentially reshaping regulatory and ban...
Bitcoin braces for volatility ahead of Federal Reserve’s first rate hike in three years
Bitcoin's future hinges on Fed's guidance; potential rate hikes could shift capital to safer assets, challenging crypto's growth t...
White House Agrees to Major Crypto Ethics rules in a last-minute push to save the CLARITY Act
Senate Republicans have released another round of revisions to the CLARITY Act as they seek Democratic support ahead of a Septembe...
Bitcoin Price Signal Upside as Rally Meets Fed Risk
Bitcoin price has clawed back to above $70,000 from $60,000 in late August, and traders are now assigning an approximately 85% pro...