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Jerome Powell: “A Digital Dollar And Physical Cash Must Co-Exist”

Jerome Powell has stated that a central bank digital currency (CBDC) won’t remove the need for physical cash in the near future. Instead, a digital U.S. dollar would work in tandem with the physical fiat version. Powell repeated a key point made in a recent Bank for International Settlements report the Fed contributed to, stating,… Read More

Federal Reserve Lashes Out at Stablecoins in Recent Report

In a report released by the Federal Reserve, the US Central Bank, stablecoins were cited as a risk to the stability of the global financial system. In the FED’s ‘Financial Stability Report’ the stablecoin market, and how they are structured, were talked about in less-than-favorable terms. According to the report: “In an extreme scenario, holders… Read More

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