BlockBeats news, August 21, in this issue of the Federal Reserve meeting minutes, 'stablecoin' was mentioned eight times. It was noted that many participants discussed recent and future developments related to payment stablecoins and their potential impact on the financial system. These participants pointed out that with the recent passage of the (GENIUS Act) (United States Stablecoin Guidance and National Innovation Act), the use of payment stablecoins may increase.
Payment stablecoins help improve the efficiency of payment systems, and it was also observed that such stablecoins may increase the demand for the underlying assets that support them (including U.S. Treasury bonds). (Jinshi)