Fed president 'pretty skeptical' about #Stablecoins' broad reach
Believes stablecoins are only useful for crypto trading, cross-border transactions and illicit finance.
https://www.americanbanker.com/news/fed-president-pretty-skeptical-about-stablecoins-broad-reach

Fed president 'pretty skeptical' about stablecoins' broad reach
Federal Reserve Bank of Minneapolis President Neel Kashkari said in a speech Tuesday morning that he doubts the usefulness of stablecoin technology in payments and its ability to expand the reach of the U.S. dollar, a perspective that contrasts with many crypto boosters in the Trump administration.








