EconomyHow stablecoins are quietly becoming the Fed’s debt buyer of last resort
Circle President Heath Tarbert told Congress that bringing digital-dollar infrastructure under U.S. rules could reinforce the network effects behind the dollar’s global role. The article says regulated stablecoins may broaden private use of dollar tokens, steer issuer reserves toward short-term Treasuries and extend the dollar’s digital reach, while leaving official reserve choices to central banks.
How stablecoins are quietly becoming the Fed’s debt buyer of last resort
Economy