Event JSON
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"Systemic ‘Bank Run’ Risk Hangs Over Stablecoin Bills in Congress"
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"The Trump administration and Congress are pushing to give stablecoins a bigger role in the global payments infrastructure, but critics are concerned about the risks they pose to the financial system. Stablecoins have long been criticized for making it easier for criminals to move money across borders, and the current debate has focused on how they could be vulnerable to bank runs during financial crises. Researchers at the Federal Reserve Bank of New York and the Financial Stability Oversight Council have warned about the risks of stablecoin runs, and some experts believe that the proposed legislation would not fix all the problems with stablecoins."
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