TechFlow, November 8 — According to The Block, Federal Reserve Governor Stephen Miran shared his first public views on cryptocurrencies at the BCVC summit in New York, calling stablecoins "a force that cannot be ignored" and stating they are in a phase of "tremendous growth." Miran noted that widespread use of stablecoins could increase the net supply of loanable funds in the economy, thereby exerting downward pressure on interest rates. "Even relatively conservative estimates of stablecoin growth imply an increase in the net supply of loanable funds in the economy, which would push down the natural rate of interest (r*)," he explained.
Add to Favorites
Share to Social Media
