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Yellen: Stablecoin risks not yet at systemic-threat scale
*YELLEN: STABLECOIN RISKS NOT YET AT SYSTEMIC-THREAT SCALE
— *Walter Bloomberg (@DeItaone) May 12, 2022
Added at 10:39am
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*YELLEN: STABLECOINS NOT YET REAL THREAT BUT GROWING RAPIDLY
— *Walter Bloomberg (@DeItaone) May 12, 2022
Added at 10:48am
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"I think the risks associated with the proliferation of private "I think that the benefit of issuing a CBDC would be that it might diminish the proliferation of these stablecoins but it depends on the design of exactly how the CBDC is introduced," @SecYellen says
— @[email protected] (@nikhileshde) May 12, 2022
Added at 11:02am
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Bank regulation framework has flexibility for different models, @SecYellen says
— @[email protected] (@nikhileshde) May 12, 2022