Fed’s stability report warns over global tightening and stablecoins
Stablecoins face possible runs while strong dollar poses EM risks, Fed says
The risk of global tightening coming against persistent inflation was the top threat highlighted in the US Federal Reserve’s Financial Stability Report, published on November 4.
Digital assets like stablecoins also pose considerable risks to financial stability, the report warned.
The Federal Reserve Bank of New York asked 26 analysts from financial firms and universities about their views on stability. Acting jointly, persistent inflation and global monetary tightening was the most cited risk
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