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Fed report says crypto, stablecoins pose risk to financial stability
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The U.S. has been a front-runner in embracing technology and innovation. However, certain recent developments in the country display a different attitude towards cryptocurrencies, which has been everything but accepting.
The country has remained a scaredy-cat when it comes to regulating digital assets and the cryptocurrency sector as a whole. In fact, its worries were once again highlighted when the Federal Reserve report ranked crypto and stablecoins among top risks to the country’s financial stability.
According to the latest Financial Stability Report, the digital asset posed risk to the financial stability over the next 12 to 18 months. Although the first position to cause potential shock was allotted to persistent inflation, crypto was
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