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The Federal Reserve Committee warns that stablecoins could pose risks to bank deposits and credit capacity
Members of the Federal Reserve's Community Depository Institutions Advisory Committee (CDIAC) have expressed concerns about stablecoins issued by non-banks, according to recently disclosed minutes of the April 10 meeting. The committee believes that such stablecoins could accelerate the outflow of bank deposits and reduce the ability of community banks to provide loans to small and medium-sized enterprises and households. The committee compared stablecoins to...
2025-05-14 02:34:43
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