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Miran: A Global Stablecoin Glut: Implications for Monetary Policy
Thank you, I really appreciate the opportunity to speak to you today. I am excited to be discussing stablecoins. This innovation has been unfairly treated as a pariah by some, but stablecoins are now an established and fast-growing part of the financial landscape. Putatively, stablecoins were originally intended to facilitate holding and trading cryptocurrency. But their proliferation has been aided by providing users with a stable store of value, a means of payment, and the ability to move capital quickly, irrespective of territorial borders. Demand for dollars continues to be strong, so it's no surprise that a more ... (full story)
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Thank you, President Nagel and the Bundesbank, for the opportunity to meet with you today.1 I am excited to be here. I cherish opportunities to talk with groups of young people such as this. I spent most of my career as a professor and university administrator. I am glad to return to those roots a bit today. I will make sure I leave plenty of time for questions. But I would like to start by speaking with you about a topic that's been on my mind, and I bet it has been on many of yours: artificial intelligence (AI). Often, when I gather with students, consumers, or businesspeople, the conversation quickly turns to AI. And it is easy to understand why—you do not even need to ask a chatbot! AI has the potential to transform how we work and how we live, and it could have a profound effect on the economy. Today, I will talk about AI's rapid growth and how I approach thinking about AI by examining it through the lens of the dual mandate given to the Federal Reserve by the U.S. Congress. That mandate instructs America's central bank to pursue maximum employment and price stability. I will describe the effects that AI may have on both sides of that mandate. Finally, I will briefly update you on my economic outlook before turning to your questions. FED VICE CHAIR JEFFERSON SAYS FED SHOULD PROCEED SLOWLY WITH FURTHER RATE CUTS AS POLICY APPROACHES NEUTRAL RATE JEFFERSON WILL DECIDE ON HIS VOTES MEETING BY MEETING, CITES POTENTIAL LACK OF GOVERNMENT DATA DUE TO SHUTDOWN JEFFERSON SAYS AVAILABLE INFORMATION SUGGESTS NOT MUCH…
From beemarkets.com | Nov 7, 2025
Japan’s financial authorities are embracing digital currency innovation with a major announcement on Friday: Finance Minister Satsuki Katayama confirmed that the Financial Services Agency (FSA) will support a joint initiative by Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho Financial Group to issue stablecoins. The project represents a unified move by Japan’s ...
From kitco.com | Nov 7, 2025
Bitcoin closed lower yesterday, failing to reclaim the $103,000 level and settling just above $100,000. The daily RSI and on-balance volume (OBV) dipped on the red close, though Bitcoin did register a slightly higher low, indicating buyers remain interested near support. Daily volume met the 50-day moving average, but the four-hour chart shows mixed ...
