#اخبار_الكريبتو_العاجلة #عملات_رقمية #wct $BTC
F$BNB
In an unprecedented step, the U.S. Federal Reserve has proposed
Allowing issuers of stablecoins, such as Tether and USD Coin, direct access to the U.S. banking system through what are known as mini master accounts, enabling them to interact directly with central banks without the need for traditional bank intermediaries. This initiative could be a significant turning point #اقتصاد_الولايات_المتحدة in the financial system, as it is expected to increase the demand for the U.S. dollar, to which most stablecoins are pegged, and enhance its status as a global reserve currency. This could also lead to an increase in capital flow to the U.S. Treasury, contributing to economic stability and boosting confidence in the U.S. dollar.
With the increasing use of stablecoins in digital transactions and e-commerce, a gradual decline in demand for traditional paper currencies may be observed, especially in everyday transactions and online payments. While paper currency will not be completely replaced in the near future due to regulatory and technical challenges, this step accelerates the shift towards a society less reliant on cash, reflecting the global financial system's trend towards digitization and payment innovation.
On the other hand, this proposal may pose a challenge to traditional banks, as it allows stablecoin issuers to provide direct payment services without the need for bank intermediation, thereby reducing the role of banks in payment settlements and money transfers. Nevertheless, this shift could encourage banks to innovate and develop new digital services, such as custody and tokenization services, to compete with stable digital service providers, thereby creating a balance between traditional and digital institutions in the financial system.
As expected, this proposal is set to enhance the position of stablecoins in the digital financial system, as they can be used more broadly in cross-border payments, e-commerce, and even in some traditional financial applications such as bank transfers. However, there are existing concerns regarding the potential risks to financial stability, such as the volatility of the assets backing these currencies and the lack of deposit insurance, which necessitates careful regulatory oversight to ensure the safety of the financial system.
Additionally, allowing direct access to the banking system is expected to increase the use of stablecoins in emerging markets, especially in countries facing economic volatility or weakness in their national currencies. These currencies may emerge as a safe alternative for storing savings and protecting purchasing power, with projections indicating that stablecoin savings in these markets could rise from $173 billion currently to $1.22 trillion by 2028, which may pose a challenge to traditional banks in those countries and increase the need for developing innovative financial solutions that align with digital changes.
Overall, the proposal from the U.S. Federal Reserve represents a significant step towards integrating digital assets into the traditional financial system, as it enhances the position of the U.S. dollar and expands the use of stablecoins, while highlighting regulatory and financial stability challenges that need to be carefully addressed. As the global financial system continues to evolve, it will be essential to establish flexible regulatory frameworks that ensure a balance between financial innovation and the protection of market stability, achieving integration between digital and traditional financial services in a safe and sustainable manner.