{"id":47953,"date":"2021-08-19T14:32:08","date_gmt":"2021-08-19T11:32:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=47953"},"modified":"2025-09-01T23:51:48","modified_gmt":"2025-09-01T20:51:48","slug":"fed-says-stablecoins-threaten-financial-stability","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fed-says-stablecoins-threaten-financial-stability\/","title":{"rendered":"Fed says stablecoins threaten financial stability"},"content":{"rendered":"<p>Lack of transparency in stablecoins could threaten financial stability, <a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/fomcminutes20210728.htm\">\u0437\u0430\u044f\u0432\u0438\u043b\u0438<\/a> at a meeting of representatives of the U.S. Federal Reserve System (the Fed).<\/p>\n<p>The meeting took place at the end of July, but its minutes were published only now.<\/p>\n<p>Participants highlighted the fragility and overall lack of transparency of stablecoins, as well as the importance of monitoring them and developing &#8216;an appropriate regulatory framework&#8217;.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Some participants pointed to potential risks to financial stability, including those associated with the expanded use of cryptocurrencies,&#8221; the minutes say.<\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/the-fed-calls-the-tether-stablecoin-a-challenge-to-financial-stability\">named<\/a> Tether (USDT) &#8216;the new disruptor&#8217; of the short-term lending market.<\/p>\n<p>In July, Fed Chair Jerome Powell <a href=\"https:\/\/u1f987.com\/en\/news\/fed-chair-the-emergence-of-a-digital-dollar-would-dent-bitcoins-popularity\">doubted the need for stablecoins and cryptocurrencies<\/a> after the emergence <a href=\"https:\/\/u1f987.com\/en\/news\/fed-chair-signals-possibility-of-issuing-a-digital-dollar\">of a digital version of the dollar<\/a>.<\/p>\n<p>Read ForkLog Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\" noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lack of transparency in stablecoins could threaten financial stability, officials from the U.S. Federal Reserve said at a meeting.<\/p>\n","protected":false},"author":1,"featured_media":47954,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1249,807],"class_list":["post-47953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-federal-reserve-system","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=47953"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47953\/revisions"}],"predecessor-version":[{"id":47955,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47953\/revisions\/47955"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/47954"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=47953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=47953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=47953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}