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12.06 - 22:31
Fed vice chair set to tell lawmakers a US central bank digital currency could coexist with stablecoins
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fnlondon.comWASHINGTON — A US central bank digital currency could one day coexist with and even complement so-called stablecoins, Federal Reserve Vice Chairwoman Lael Brainard plans to tell House lawmakers on 26 May.
“In some future circumstances, CBDC [central bank digital currency] could coexist with and be complementary to stablecoins and commercial bank money by providing a safe central bank liability in the digital financial ecosystem, much like cash currently coexists with commercial bank money,” Brainard is expected to tell lawmakers,...
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