Fed Says Stablecoins Among Top Major Risks To Economy Over Next 18 Months

Stablecoins pose massive risks to financial stability, and remain vulnerable to liquidity risks, according to a November Financial Stability report published by the U.S. Federal Reserve. What Happened: According to a survey by the Federal Reserve, over 20% of respondents believe that stablecoins are a potential risk to the U.S. economy over the next 12 to 18 months.