TechFlow News, April 1, according to Bloomberg, Federal Reserve Governor Michael Barr warned in a prepared speech at the Federalist Society that stablecoins pose risks related to potential money laundering and financial stability. Barr noted that the quality and liquidity of stablecoin reserve assets are critical to their long-term viability, yet issuers have incentives to maximize returns on those reserves by increasing risk exposure. Currently, relevant banking regulators are actively advancing the development of stablecoin regulatory rules.
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