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Category Michael Barr

Fed’s Caution On Stablecoins Risks Countered With Recognition Of Innovation Potential

Fed’s Caution On Stablecoins Risks Countered With Recognition Of Innovation Potential

The use of stablecoins has recently come under increased scrutiny from the United States central bank. In a move to strengthen its supervision of b...
Federal Reserve warns of risks posed by stablecoins

Federal Reserve warns of risks posed by stablecoins

The stability of the financial market teeters on a precipice when private stablecoins burgeon unchecked, the Federal Reserve has issued a stark adm...
U.S. Federal Reserve's Barr Holds Line on Central Bank Needing Stablecoin Powers

U.S. Federal Reserve's Barr Holds Line on Central Bank Needing Stablecoin Powers

Vice Chairman Michael Barr argued that the Fed needs regulatory and enforcement authority over stablecoin issuers – a point of contention in the de...
Fed Official: Digital Dollar Decision Still a Long Way Off

Fed Official: Digital Dollar Decision Still a Long Way Off

The Federal Reserve’s vice chair for supervision has affirmed that the U.S. central bank is “a long way” from making a decision on whether to issue...
Fed Official Cautious About Unregulated Stablecoins Like USDC, USDT

Fed Official Cautious About Unregulated Stablecoins Like USDC, USDT

Michael Barr, a high-ranking official at the US Federal Reserve, expressed concern over the growing use of “unregulated” stablecoins pegged to the ...