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🔒 Fed Official Opposes Government Backing for Stablecoins

Federal Reserve Vice Chair Michael Barr stated the government should not guarantee stablecoins, according to Seeking Alpha. His remarks come as a draft bill reportedly seeks to impose strict limits on yields from stablecoin reserves.

🔒 Fed Official Opposes Government Backing for Stablecoins

Federal Reserve Vice Chair Michael Barr stated the government should not guarantee stablecoins, according to Seeking Alpha. His remarks come as a draft bill reportedly seeks to impose strict limits on yields from stablecoin reserves.