Stablecoin Surge May Impact US Interest Rates, Says Fed Governor

Growing global demand for U.S.-backed stablecoins could influence interest rates in the U.S., according to Federal Reserve Governor Stephen Miran. Speaking at the BCVC Summit in New York on Friday, Miran suggested that rapid adoption of these digital assets may be already exerting downward pressure on the neutral interest rate, a benchmark neither accelerating nor slowing economic activity. ]