Fed Vice Chair Calls for Stablecoin Regulation, But Says They Can Coexist With CBDCs

Lael Brainard, the newly appointed Vice Chair of the US Federal Reserve, says there’s a need for stablecoin regulation and believes they can coexist with a government-backed counterparty. In prepared remarks for a testimony to the Committee on Financial Services in Washington, Brainard alluded to the recent TerraUSD (UST) debacle that wiped out over $50 […] The post Fed Vice Chair Calls for Stablecoin Regulation, But Says They Can Coexist With CBDCs appeared first on Coin Bureau.