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by krrishd
28 days ago
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https://www.federalreserve.gov/econres/notes/feds-notes/paym... This is one recent paper, but with this and other personnel details (eg. Fed governors attending the last few "A Very Stable Conferences", ex-Fed people working at Circle / doing stablecoin startups) you can infer that the Fed is more pro-stablecoin than you think. Why? Cross-border payments are hard, CBDCs are unpopular / politically infeasible, and Fedwire takes up a ton of balance sheet capacity (etc). |
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