
Fed council warns stablecoins may pose risk to bank deposits and credit capacity
Federal Reserve council warns that nonbank-issued stablecoins could shift deposits, impacting community loan availability.
Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.

The OCC reiterated a March 7 guidance, clearing banks to interact with crypto services without prior regulator approval.

As regulatory barriers lift, Goldman Sachs embraces blockchain for enhanced trade flexibility.

US banks welcome crypto opportunities after SEC and Federal Reserve ease crypto restrictions.

Long argued that the Fed's unchanged policy creates an unfair advantage for major banks seeking to issue private stablecoins.

Circle eyes collaboration with Congress to champion stablecoin legislation amid shifting regulatory landscape.

Lummis highlighted Fed’s ongoing reliance on reputation risk assessments in crypto-related bank supervision, unlike OCC and FDIC.



