The Fed meeting minutes mention "stablecoin" eight times
In this Fed meeting minutes, the term "stablecoin" was mentioned a total of eight times, including references that many attending members discussed recent and future developments related to payment stablecoins as well as the potential impact on the financial system. These members pointed out that, with the recent passage of the GENIUS Act (Guidance on Stablecoin and National Innovation Act), the use of payment stablecoins is likely to increase. Payment stablecoins enhance the efficiency of the payment system, while also observing that this type of stablecoin may increase the demand for the underlying collateral assets (including U.S. Treasury bonds). (Jinshi)