💵 Demand for stablecoins increases – Pressure to lower interest rates for the Fed?
Currently, the total market value of stablecoins is $310 billion, but the Fed forecasts it could soar to $3,000 billion in the next 5 years.
According to Fed Governor Stephen Miran:
1️⃣ Demand for USD stablecoins increases → increases purchases of U.S. Treasury bonds → bond prices rise, yields fall.
2️⃣ Bond yields decrease → neutral interest rates decrease → the Fed may lower its policy interest rates.
💡 Mr. Miran also praised the GENIUS Act, believing it will promote broader adoption of stablecoins with clear guidance and user protection.
📈 Impact: As stablecoins develop → interest rates may decrease → the crypto market may receive additional capital support for $BTC, $ETH, $SOL.
#CryptoNews #Stablecoin
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