Federal Reserve: Stablecoins and Financial Stability

Matthew Wells
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Matthew Wells: https://www.richmondfed.org/research/people/wells

Econ Focus, 2025, vol. 25, issue 4Q, 14-17

Abstract: Signed into law in July 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act was a huge step forward for the cryptocurrency industry. The bipartisan legislation marked the federal government's first effort at creating a regulatory framework for cryptocurrencies and signaled that crypto had finally achieved a status and size worthy of the government's attention.

Keywords: Digital; assets (search for similar items in EconPapers)
Date: 2025
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