Why Is the Fed so Scared of Stablecoins?

Last month’s FOMC meeting minutes show crypto and stablecoins came up for the first time ever as an official topic at a key Federal Reserve meeting.

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Last month’s FOMC meeting minutes show crypto and stablecoins came up for the first time ever as an official topic at a key Federal Reserve meeting.

This episode is sponsored by NYDIG.

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On this edition of “The Breakdown’s Weekly Recap,” NLW looks at:

News that Brian Brooks left Binance.US after a fundraise proved unsuccessful
Why Coinbase is investing $500B in crypto
The Fed’s discussion of stablecoins at last month’s FOMC meeting
Which nations rank atop Chainalysis’ new adoption index

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Al Drago/Bloomberg/Getty Images, modified by CoinDesk.

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.