The Federal Reserve meeting minutes mentioned "stablecoins" eight times

ChainCatcher news, according to the meeting minutes, the recent Federal Reserve meeting minutes mentioned "stablecoins" a total of eight times. It was noted that many participants discussed recent and future developments related to payment stablecoins and their potential impact on the financial system. These participants pointed out that with the recent passage of the GENIUS Act (the U.S. Stablecoin Innovation and Protection Act), the use of payment stablecoins may increase.

Payment stablecoins help improve the efficiency of payment systems, and it has also been observed that such stablecoins may increase the demand for the underlying assets that support them (including U.S. Treasury securities). (Jin Shi)