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Fears Of Stablecoin Dominance Inflated, Fed Paper Suggests

By Philip Rosenstein (June 22, 2020, 10:07 PM EDT) -- Digital currencies backed by a basket of fiat currencies have the potential to increase welfare if they are widely adopted, according to a paper published online Monday by the Federal Reserve Board, which also concluded that fears of such digital currencies replacing sovereign currencies could be exaggerated....

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