Stablecoins and the forgotten merits of fractional reserves
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最新报道：Stablecoins, digital tokens backed by safe assets like bank deposits or sovereign securities, offer instant borderless transfers and serve as stable alternatives to volatile cryptocurrencies. While their use remains limited beyond crypto ecosystems, they streamline international payments and could challenge traditional banking. In the U.S., outstanding stablecoin amounts surged from $1 billion in 2019 to over $300 billion, driven by demand for dollar-backed instruments and the 2025 Genius Act regulation. In Europe, euro-denominated stablecoins are nascent, with under €350 million outstanding, and MiCA Regulation's 2024 enforcement led to delisting over 140 billion non-compliant tokens like Tether's USDT, causing market disruptions.
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Powell Speech: Will Fed Chair Confirm Two More Rate Cuts?
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