TechFlow, on August 21, according to Jinshi Data, the Federal Reserve's minutes released early yesterday mentioned "stablecoin" a total of eight times. It noted that many participants discussed recent and potential future developments related to payment stablecoins and their possible implications for the financial system. These participants pointed out that the use of payment stablecoins could increase following the recent passage of the GENIUS Act (the Generative, National Innovation Underlying Stablecoins Act).
Payment stablecoins could help improve the efficiency of the payment system, and it was also observed that such stablecoins might increase demand for their underlying assets, including U.S. Treasuries.
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