Fed Governor Lael Brainard argued today for a U.S. central bank digital currency to counteract private-backed stablecoins. “It is not obvious that new forms of private money that reference fiat currency, like stablecoins, can carry the same level of protection as bank deposits or fiat currency.”
Fed Governor Lael Brainard Slams Stablecoins, Calls For New Focus On Digital Dollars
2021-05-25T03:10:11-04:00May 25th, 2021|