Facebook, China Light Flame Under Fed: Governor Cites Stablecoins Influencing Digital Dollar Research

Facebook, China Light Flame Under Fed: Governor Cites Stablecoins Influencing Digital Dollar ResearchAt the recent Symposium for Future Payments held in Stanford, California on February 5, Federal Reserve Governor Lael Brainard stressed the importance of remaining “on the frontier of research and policy development regarding CBDC.” The position seems a contrast to the narrative in 2018 when Brainard maintained “there is no compelling demonstrated need for a […]

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