Federal Reserve Bigwig Defends Stablecoins as Alternative to Digital Dollars

There’s nothing to be afraid of with stablecoins. That’s the main message Randal Quarles, the vice chair for supervision at the Federal Reserve and a member of its board, delivered on June 28, surprising a DeFi community that’s become inured to getting dissed by the financial establishment. Quarles believes private-sector stablecoins are a worthy alternative to…

Loading this article…