The Block: Fed’s Brainard: Stablecoins like Libra could ‘put consumers at risk’ without safeguards
U.S. Federal Reserve Governor Lael Brainard said on Wednesday that Facebook’s proposed cryptocurrency Libra must overcome “a core set of legal and regulatory challenges” before it can be launched as a global stablecoin. According to Brainard’s draft remarks for a Frankfurt conference, stablecoins issued on a smaller scale –including Gemini and Paxos, among others – […]
The post Fed’s Brainard: Stablecoins like Libra could ‘put consumers at risk’ without safeguards appeared first on The Block.
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