JUST IN: 🇺🇸 Fed Chair Powell Acknowledges Growth of Stablecoins
Federal Reserve Chair Jerome Powell has publicly recognized the crypto stablecoin sector as a "mature and increasingly mainstream" part of the financial ecosystem.
In a recent statement, Powell noted the evolution of stablecoins from speculative experiments to widely adopted tools in both retail and institutional finance.
> “The stablecoin industry has matured significantly. It is now an integral part of the broader digital asset market,” Powell said during a policy briefing.
This is a major shift in tone from previous years, where stablecoins were often seen with skepticism by regulators.
Why It Matters:
Regulatory recognition adds legitimacy to the stablecoin space.
May pave the way for clearer U.S. regulations.
Could boost investor confidence in USD-backed coins like USDT, $USDC , and newer decentralized options.
As the crypto industry continues to evolve, Powell’s remarks could signal closer integration between traditional finance and digital assets.
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