Fed Governor Says Stablecoin Surge May Push Rates Lower

Fed Governor Says Stablecoin Surge May Push Rates Lower

Federal Reserve Governor Stephen Miran stated that stablecoin expansion could drive down the neutral interest rate over the next five years. Speaking at the BCVC summit in New York, the Trump-appointed official said dollar-pegged tokens are applying downward pressure on r-star, the rate that neither stimulates nor restrains economic activity. Fed research projects the stablecoin market could surge from its current $310 billion market cap to $3 t…

Stablecoins Are Booming — And The Fed Thinks They Could Cut Rates

Federal Reserve Governor Stephen Miran said growing demand for dollar-pegged stablecoins could push down interest rates, putting a new factor on the Fed’s radar. According to a speech he gave at the BCVC Summit on November 7, stablecoins that channel savings into dollar assets may raise the supply of loanable funds and lower the Neutral interest rate, or “R” star. Stablecoin Growth And Scale Based on reports compiled by Fed staff, private-sector…

Stablecoin Boom Could Drive Treasury Demand: Fed Governor » News.ng

Federal Reserve Governor Stephen Miran has suggested that the increasing global use of dollar-backed stablecoins could gradually influence U.S. monetary policy by pushing down the nation’s neutral interest rate. Speaking at the BCVC Summit 2025 in New York, Miran explained that the expanding demand for stablecoins, particularly in regions with limited access to traditional banking, could drive large amounts of global capital into U.S. Treasurys.…

Rising Stablecoin Demand Can Push Interest Rates Lower

Fed Governor Stephen Miran highlighted in his recent speech that surging demand for stablecoin could ultimately push the US central bank to lower interest rates. The official projected the stablecoin industry’s market cap to reach $3 trillion. The rising stablecoin demand is the key to sustaining lower interest rates. Federal Reserve Governor Stephen Miran highlighted this in his speech last Friday in New York. He also believes its market could …

Stablecoins Enter the Monetary Policy Conversation

The conversation around stablecoin demand is no longer limited to crypto circles. It is now about reached the heart of global finance. Federal Reserve Governor Stephen Miran recently warned that surging interest in stablecoins could reshape monetary policy and push down long-term interest rates. Speaking at a recent economic policy forum, Miran projected that stablecoin demand could grow to nearly $3 trillion within the next five years. He argue…