Brainard tells Home committee about possible role of CBDC, diagram forward for stablecoins

Brainard tells Dwelling committee about skill aim of CBDC, future of stablecoins

United States Federal Reserve vice chair Lael Brainard submitted a written exclaim prematurely to the Financial Services and products Committee’s virtual listening to, “On the Advantages and Dangers of a U.S. Central Financial institution Digital Forex (CBDC),” that took space Thursday. That used to be a sound strategic cross, brooding about that bigger than 25 legislators lined up to question questions.

Brainard’s look earlier than the committee got right here factual after the finish of the comment length for the Fed’s dialogue paper, “Cash and Payments: The U.S. Buck in the Age of Digital Transformation.” On the other hand, contemporary occasions on the stablecoin market conducted a preemptive aim in the framing of her exclaim.

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