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Stablecoins Could be Source of Financial Instability, New US Fed Report Suggests

Stablecoins Could be Source of Financial Instability, New US Fed Report Suggests

In a recently published report by the United States Federal Reserve (Fed), titled "Runs and Flights to Safety: Are Stablecoins the New Money Market Funds?" the New York Fed draws comparisons between stablecoins and traditional money market funds. Money market funds typically refer to short-term, hig

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